What is Innovation Consultancy?

Q: What is Innovation Consultancy?

Innovation Consultancy: Advisory service that guides firms in generating and implementing novel solutions to enhance growth and efficiency.

Top Innovation Consultancy Resources

Delivering the innovation core: building capability, capacity and competency.

Constantly building and nurturing innovation resources is essential for sustained growth and success in organizations. Developing the right capabilities, competencies, and capacity for innovation is crucial, but often overlooked or not well-defined.

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Great-West Life’s Innovation Management Journey

Great-West Life, a global financial services company, implemented an innovation management system, built on the Microsoft Azure cloud platform, to create a culture of innovation, customer-focused offerings and employee engagement.

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How McKinsey’s Organizational Health Index Relates to Innovation

McKinsey’s Organizational Health Index (OHI) helps organizations improve their effectiveness and management’s performance. Sunshine Coast Credit Union used OHI to identify areas for improvement, including bottom-up innovation. They launched an innovation management platform and saw significant improvement.

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Innovation Activity: balance is poised for change

Emerging digital technologies are changing the way we approach innovation. They offer a way to manage the tension between rational and random thinking, which is necessary for innovation success.

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Innovation Funnel vs Innovation pipeline: What is the Difference?

Innovation pipeline and innovation funnel are two different methods used for managing the innovation process in business. This article explains the difference between the two and their importance in improving innovation practices.

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Innovation Lab: Everything You Need To Know And More

Innovation labs can be a great way to foster creativity and attract talented employees, but they require careful planning and strategy.

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Organizational Innovation Examples

Learn how innovation leaders fight bureaucracy and rigid processes through organizational innovation. Examples from Samsung, Apple, McDonald's and Microsoft.

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Pros and Cons of Becoming an Innovation Consultant

Choosing between working in a large corporate organization or a small consultancy can be a difficult decision for innovators. This article explores the pros and cons of each.

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An image of a bifurcated funnel with contrasting patterns and colors.

There are two distinct parts to any Innovation Funnel

The traditional innovation funnel is no longer effective. Instead, the extended innovation funnel is critical to success, with two distinct sides; exploration and exploitation.

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An image of a tree with various abstract symbols as fruits symbolizing innovation growth.

Top 4 Reasons to Use an Innovation Management Tool

Innovation management tools help organizations create a culture of innovation by providing structure for gathering insights, organizing and managing feedback, and tracking progress.

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An image of intertwining colored funnels, each with unique symbols.

What Innovation Funnel Should I Use?

IdeaScale shares five different innovation funnels and their unique characteristics, including product development, cost savings, process improvement, workplace experience, and customer experience.

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An image of a funnel shape with various abstract icons flowing into it.

What is an Open Innovation Funnel?

Open innovation is a process for companies to gather ideas from external sources to drive innovation. An open innovation funnel is a key component of this process.

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An image of a lightbulb intertwined with circuit patterns, symbolizing innovation.

Where will Innovation Management Software go?

Innovation management software is evolving with a focus on user experience, data analytics, machine learning, and mobile/cloud-based platforms, but cost, lack of understanding, and fear of change might hold back adoption.

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