The Benefits of Innovative Entrepreneurship
Entrepreneurship and innovation are closely linked concepts but also distinct and separate stages in business. Defining both is helpful from both an o...
Innovation Process
One of the featured categories on All Things Innovation, Process Innovation features a range of helpful information for the innovation professional. This includes open and advancing innovation, partnerships, startups, product innovation, scalable innovation, rolling innovation, corporate venturing, the metaverse, and more foundational knowledge for the process innovation expert and novice alike.
Process innovation refers to the creation and implementation of new or significantly improved methods, systems, or procedures within an organization to enhance efficiency, reduce costs, improve quality, and achieve better outcomes. It involves making changes or introducing novel approaches to how tasks, operations, or workflows are carried out, with the aim of optimizing the entire process.
Key characteristics of process innovation include efficiency enhancement, cost reduction, quality improvement, speed and throughput, resource optimization, customer satisfaction, and competitive advantage. Process innovation can take various forms, including automation, reengineering, Lean and Six Sigma methodologies, digital transformation, outsourcing, and business process reorganization.
Process innovation is a continual and ongoing effort within organizations. It requires a commitment to identifying opportunities for improvement, implementing changes, and monitoring the outcomes. Successful process innovation can lead to increased productivity, reduced operational costs, and a better ability to adapt to changing market conditions.
Articles
Navigating the Nascent Stage of Innovation
There might be more inherent uncertainty in a nascent industry or early startup venture, with many questions and challenges unanswered, bringing compl...
Creating the Right Innovation Partnership
Corporations often face many challenges when it comes to developing innovation in a fast, evolving market. They can face barriers such as inertia, the...
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...
Inviting Interdisciplinary Innovation Collaboration
Like many scientific, research and business fields, innovation often calls for more interdisciplinary collaboration and cooperation. This can help bre...
Embracing Open Innovation
Open innovation is a growing tactic for today’s globalized enterprises. Rather than focusing just on closed loop systems and internal sources, such...
Operationalizing Ideation Through Idea Management
Ideation, the creative and systematic generation of ideas, is an important step in the innovation process. This is a method for collecting ideas and r...
Bringing Collective Intelligence to the Innovation Process
Sometimes a problem is so complex that one person can’t solve it on their own. This calls for a more modern solution of cooperation and collaboratio...
Balancing the Innovation Partnership
Startup and corporate partnerships are a delicate balancing act but one that can maximize innovation success for both partners. Certainly, there are c...
External Partnerships Fuel Innovation
As part of the continuing series of conversations at FEI with All Things Innovation’s Seth Adler, next on tap is Eric Agdeppa, R&D Director, Innovat...