Targeting a healthy balance of core, adjacent, and transformational innovation is a vital step toward managing a complete innovation portfolio. The challenge is that a company must be able to execute at all three levels of ambition. However, few companies are good at all three, and not entirely surprising, companies struggle the most with transformational innovation.
Many times I have asked myself what the best-in-class innovation portfolio would look like. How should you balance the different innovation ambition levels such as incremental innovations with transformational (breaking news) innovations? Are there any numbers you can benchmark against and what ratio will have the most impact on your financial results and share price? What areas of management will boost the different levels of ambition?
Now, IFS takes another leap forward by acquiring Metrix. With Metrix’s portfolio of mobile solutions for field service management on smartphones and tablets, IFS can now boast one of the world’s broadest solutions for the mobile workforce, including….
My advice is to always have your copycat glasses on and think how you can refine and evolve existing solutions on the market. Please bear in mind that many profitable innovations that have evolved from an existing technology or user behavior.
If you’re a geek, the talk of the town right now is GitHub.
Explained in laymans terms, what GitHub is – on the surface – will be so boring to any regular person that you would stop reading about here… or maybe here!
But GitHub is anything but boring, and when you are done reading this article, you’ll be in the know of how the GitHub paradigm will have real impact on your daily life, in the very near future.
In my role at IFS, formulating and communicating product visions and strategies for IFS Applications, I am constantly on the lookout for new ideas. I seek inspiration from other industries that at first glance might seem unrelated to the business software industry. I want to understand their challenges and opportunities, the type of products and…
We discussed whether your fear of failure is due to the fear of losing your job or damaging your career. I asked if anyone has really lost their job due to that kind of failure, but the answer was ‘no’. So maybe the fear is just a perception? …. and they nodded in agreement.
Have a look at the movie (only 4 minutes) and then ask yourself the following two questions.
– Does my company have a space where ideas can mingle and swap?
– What makes me share my hunches with others’ hunches to get them to collide?
My biggest takeaway from the day though had nothing to do with the questions asked, nor with the statements made by our competitors. Instead it was the opening presentation by Arild Saastad from Bertel O. Steen. What really stuck with me were the comments he made about how important it is for an ERP vendor to earn the trust of the organizations using their systems.
I don’t think there’s anyone who has ever accurately been able to tell when a phenomenon or a movement peaks, right when it happens.
So we are left with guesses, and why shouldn’t we guess, when it’s so much fun?
Read on to see my reasons for believing we are now starting to see the beginning of the downturn – however temporary it might be – of the regin of this one, really great company.