Innovation Blog

Building a high-performance innovation team means more than assembling talented people - it requires strategic integration of AI capabilities with distinctly human skills. Companies that get this balance right see remarkable results: teams using AI properly show nearly 40% better performance compared to those that don't. Yet many organizations struggle with this integration. The challenge…

Leaders understand that fostering innovation benefits both company performance and employee satisfaction, but many struggle to create environments where ideas thrive. More than one-third of organizations face challenges in developing and embedding an improvement culture. This disconnect exists despite evidence showing that engagement metrics like employee participation percentage and number of submitted ideas can be…

According to McKinsey, 84% of executives believe innovation is crucial to their growth strategy, yet only 6% are satisfied with their innovation performance. What sets the successful 6% apart from the frustrated majority? The answer lies in how they manage their entire innovation ecosystem and their approach to portfolio innovation management. Innovation Portfolio Management (IPM)…

State-of-the-art idea sourcing is a proven strategy that drives growth in tough times. Companies that adopted new approaches during crises outperformed average market capitalization by over 30%. The business innovation landscape has changed; external knowledge is now crucial for innovation rather than just a supplement. The link between external sources and corporate innovation shows an…

Steve Jobs famously said, “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. [...] Unfortunately, that’s too rare a commodity. A lot of people in our industry haven’t had very diverse experiences. So they don’t…

Innovation rarely happens by accident. So, how do great ideas actually make it from a sticky note on a whiteboard to a product in the market or a new business model driving growth? The answer lies in a clear, structured innovation process that turns those ideas into real, measurable outcomes. At Crowdworx, we’ve seen firsthand…

In today’s dynamic business environment, the ability to adapt and thrive requires more than just big ideas or incremental gains. Companies must strategically balance continuous improvement and innovation—two distinct yet complementary approaches to growth. Understanding their unique roles can help businesses optimize operations and drive transformative change. Explaining continuous improvement To explain continuous improvement (also…

Innovation is the engine that drives long-term business success. But having a pipeline brimming with creative ideas is only the beginning. The real challenge is knowing which ideas are the most valuable for your company. Research[1] shows that organizations often struggle to identify the most original ideas when faced with a high number of submissions. Evaluators…

Let us start with what is an innovative method. In industries facing constant uncertainty, innovation is the key to staying competitive and maintaining market relevance. Yet, despite its importance, businesses often struggle to implement effective innovation strategies. With billions of dollars lost on failed projects each year, it's clear that innovation requires more than just…

In today’s fast-paced markets, innovation is crucial for businesses to remain competitive and adapt to change. To define innovation in a business strategy context, it’s not just about creating new products, but about driving meaningful change across all areas—products, services, processes, and business models. A clear explanation of innovation helps businesses align these efforts with…

Only radical, game-changing innovations can drive significant business growth – at least that’s what many people think. This common misconception ignores the substantial impact of smaller, more gradual improvements on a company’s existing products and services.

Environmental scanning is the systematic process of collecting and analyzing information about external influences. And it plays a vital role in identifying trends through a comprehensive environmental scan. If you’re an Innovation Director or Manager in a large corporation, mastering environmental scanning can unlock strategic insights for you and drive innovation and growth within your…

The Chief Innovation Officer (CINO)’s role is quite a versatile one. It includes establishing an effective opportunity discovery process, fostering a culture of innovation, introducing the right methods and technologies, maintaining a healthy innovation opportunity portfolio...

These days, staying ahead of the competition requires more than just internal innovation. Adopting open innovation and effective innovation management are key elements of a powerful strategy that enables large corporations to tap into external sources of ideas, technologies, and expertise. This is how you create an innovation ecosystem that fosters continuous growth and development. …