The Road to FEI24: Business Transformation in a World of Technological Blast
Christian Saclier, VP Design Innovation, PepsiCo, is participating in FEI 2024 with the presentation, “Business Transformation in a World of Technol...
Business Innovation
One of the featured categories on All Things Innovation, Business Innovation features a range of helpful information on current business trends, innovative business models, and more for the innovation professional. This includes business innovation ideas, innovation ecosystems, future of work, growth innovation, supply chain innovation, finance innovation, and more. This area further looks at business transformation, strategic innovation, stakeholders, collaboration, and other foundational knowledge and business innovation ideas for the innovation expert and novice alike.
Business innovation refers to the process of creating and implementing new ideas, products, services, processes, or innovative business models that result in significant improvements, increased efficiency, or the development of novel strategies that give a company a competitive advantage in the marketplace. It involves finding innovative solutions to existing challenges or identifying new opportunities to meet customer needs, often with the goal of increasing revenue, reducing costs, or enhancing the overall performance of a business.
Business innovation ideas can take various forms, including product innovation, process innovation, business model innovation, marketing and sales innovation, organizational innovation, and technological innovation. Business innovation ideas are essential for companies to stay competitive and adapt to changing market dynamics. It requires a proactive approach, a willingness to take calculated risks, and a commitment to continuous improvement and creativity. Innovations can be incremental, where small improvements are made over time, or disruptive, where entirely new approaches or technologies revolutionize an industry.
Articles
Discovering the Innovation-Led Growth Journey
Advances in artificial intelligence are powering AI-driven innovation. As machines become smarter and tech developments are rapidly progressing, there...
Capturing Value with Business Model Innovation
While product and service innovation are integral in today’s competitive business environment, one shouldn’t overlook creating value through busin...
Finding the Way to Business Transformation
The concept of business transformation can be defined with a broad range of meanings depending upon the business and the different stakeholders that p...
Bringing Sales and Innovation Together
Just how can innovation and sales work together to find success? Too often, companies find themselves stuck in their respective departments and the si...
How AI is Redefining Business Strategy
Over the last year, AI went from being the next big thing to being the Big Thing. In particular, Large Language Models (LLMs) from companies like Open...
Inviting Interdisciplinary Innovation Collaboration
Like many scientific, research and business fields, innovation often calls for more interdisciplinary collaboration and cooperation. This can help bre...
Delivering the Right Data to the Right Audience
Data segmentation may seem to be a standard framework used in the analytics and data science community, yet it deserves a refresher in this age of “...
Solving the Data Bottleneck With Data Democratization
The flow of data into an organization has increased as technology such as AI has been developed and rolled out. Big data is here. Some companies may f...
Unlocking Business Growth Through Innovation
The business world is changing quickly for innovators and there is a growing and ever-present imperative to keep up. Business model transformations an...