Tomasz J. Hoffmann

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Beware The 10 Innovation Killers

The Innovation Killers are insidious behaviors that you need to get rid of now!<p>After 30 years of watching and helping companies that struggle with innovation I've realized that there are a few things that most often stand in the way of innovation. I call them the Innovation Killers; they stealthily …

Innovation

Don't Expect Anyone to Tell You About These 4 Rock Solid Innovation Principles, But They Are Absolutely Crucial | Inc.com

Every enterprise needs to innovate. It doesn't matter whether you are a profit-seeking business, a nonprofit organization or a government entity, the simple truth is that every business model fails eventually, because things change over time. We have to manage not for stability, but for disruption …

Innovation

7 Lessons From 100+ Failed Startups

There’s a joke about startups. “For every 10 startups you see in the market, 11 of them will fail.” I didn’t want to think that <i>my</i> startup would be …

How GE Appliances Built an Innovation Lab to Rapidly Prototype Products

Many large companies yearn to rekindle the innovative magic of entrepreneurship, but very few actually succeed. The reasons have been well documented and include:<p>Large, established companies answer to investors who value predictable, consistent financial results, and so are intolerant of the risks …

Scaling Up Startups in Corporate Settings

<i>This ‘opinion’ on the question “What can startups and incumbents learn from each other and what are the biggest threats?” was originally published at</i> …

Innovation

How to Build Your Own “Spotify Model”

It is early 2011 and you are the CTO of Spotify. You’re staring out of the window of a coffee bar in a snowy and dark Stockholm. It has been an …

The Human Side of Innovation: Seven Lessons For Sustained Success

CEOs like to win. Today, innovation is the playground where many CEOs are seeking to demonstrate their winning prowess. However, it just so happens …

7 Industries That Will Boom in the Next Decade

Everyone’s looking toward the future, eagerly anticipating what promises to be a long line of innovations due to rapidly evolving technology. …

Customers

The 4 Traps of Internal Innovation

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Companies today more than ever are feeling the need for internal innovation. Even as demand and business uncertainty increases, the average lifespan among Fortune 500 companies has fallen, from around 75 years to a mere 18 years.<p>In …

Innovation

Shift Happens. It’s How You Deal That Matters.

For whatever reason, corporate innovation has become synonymous with new business development – but that isn’t the only way to sense for change and …

Innovation

It’s the business model, stupid! A wake-up call for incumbents like Daimler

<i>News is full of cool technologies like drones, blockchains or autonomous cars and their disruptive character. Traditional firms have switched to</i> …

Innovation

The 9 Rules of Innovation by Greg Satell

Innovation is perhaps the most used word in corporate boardrooms today. Start ups are organized around a brand new idea but they often stumble when …

Innovation

This 1 Rule Will Seriously Up Your Company's Innovation Game

A simple principle for managing scarce resources.<p>One of the things I always get asked about from the companies I work with is how to manage their innovation resources. Should they bet big on an unproven, but possibly breakthrough idea? Or focus on improving the products that they already know their …

We Need Breakthrough Business Models, Not Breakthrough Technology

Technology doesn’t transform markets, business models do.<p>When humanity encounters a shiny new technology and senses its potential, we usually glibly assume that the world will instantaneously jump aboard and surf the resulting wave of change.<p>Anyone who has experienced at least one of these wave …

The Top Reasons Startups Fail [Infographic]

Down through the years, some startups really struck gold. When Accel Partners invested $14.8 million in a website called “thefacebook.com” back in 2005, they made a return of $5.6 billion – 378 times their original outlay. More often than not, however, startups tend to fail brutally. According to …

Startups

How 3D Printing Is Empowering SMBs in Manufacturing's Digital Transformation

Additive manufacturing is radically transforming the $12 trillion global manufacturing industry, to the benefit of smaller businesses.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Advancements in technology continue to democratize and level the playing field for consumers and small …

Five Ways To Market Your Startup With Little Or Zero Budget

So you’ve finally launched your startup. It’s a dream come true, and you are undoubtedly excited. You may even have a customer or two already. But here comes the tough part: How do you go from having a few customers, to enough customers to sustain your business and fuel its growth? Your sales team …

Entrepreneurship and Millennials Are Thriving in Emerging Markets

There is a world of opportunity outside the US, and entrepreneurial millennials are conquering it.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>In America, millennial entrepreneurship is down. Despite the apparent strength of the startup and technology sector, millennials are …

Startups

10 Uncommon Skills You'll Need to Be a Successful Entrepreneur

Are successful entrepreneurs born or made?<p>Do you want to be successful? Of course you do. But are successful entrepreneurs born or made? If you weren't "born with" what it takes to be successful, is it something you can learn or cultivate? Or should you just give up now, and find a new job?<p>Success …

Self-improvement

Your Guide to Innovation and Design Methods

By Jeremiah Owyang, with co-contributor Ryan BrinksCorporations are approaching innovation processes and methods in different manners, we’ve seen …

Driving innovation [1/2]: a portfolio perspective – UX Collective

In every sector, it’s possible to notice growing efforts towards innovation. More and more organizations do not take their market and own relevance …

You Don’t Need to Choose a Methodology to Innovate

Which method do you choose? Design Thinking? Agile? Lean Startup? Answer: All? None? Who cares?!<p>I am a big believer in process and method. Without a …

Why you probably don’t want innovation

Everyone seems to want innovation these days, it’s why I’ve got it in my title.<p>Nobody really knows what it is, but everybody, and I mean everybody, …

Twelve Forces That Will Radically Change How Organizations Work: The New New Way of Working

Chaat

Chicago’s Startup Ecosystem: Some Reading

I’m going to Chicago tomorrow to attend the wedding of an old friend over the weekend. Chicago has always been a special place for me—I lived there …

University of Chicago

Avoiding the trap of low-knowledge, high-confidence theories

We’ve all laughed at detailed renderings of constellations overlaying a paltry set of stars that are in fact quasi-random. Like Fornax, which is just …

Framing

Open source tools for discovering and building a startup

Lessons from the “Bezos Way” and the success of Amazon

<i>Amazon’s CEO annual letter to his shareholders is a must-read. Customer focus, decision-making, or the importance of writing important things down… Here are my takeaways from Jeff’s latest.</i><p>Whatever we think of its founder and CEO, Amazon remains a remarkable example of great management. Since its …

Management

Six key trends in the IoT developer economy for 2016

Every company should master developer ecosystem skills. Our new IoT Megatrends 2016 report sheds light on the state of the art in the IoT developer …

Internet of Things

Implications of Industry 4.0 for CIOs

Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It<p>is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0<p>demands a reassessment of the requirements for IT. On the …