How to Create a Business Case to Turn an Idea into a Funded Project

Creating a solid business case is integral to the success of any new opportunity. The right business case can mean the difference between funding your idea and floundering to make it a reality. Many people fail to gain support for their ideas because they fail to create a compelling business case.    For over 25 years, I’ve worked with innovation teams within big companies…

How to use the 70-20-10 Rule to drive innovation within your business

How does your team allocate time to driving innovation within your business?  The 70-20-10 Rule is a strategy for determining how to allocate time and resources in order to make a successful innovation. Generally, the rule helps organizational stakeholders determine if they should make high risk/high reward innovations or improve upon existing products or services.  …

Amazon Execs use a 4-Step Innovation Process Template to Create Breakthrough Products

Amazon’s unique approach to innovation helps teams “work backwards” to create breakthroughs The best business strategies focus on meeting and exceeding customer needs and expectations. This means envisioning customer problems as well as ideal solutions to those problems before actually developing a product or service–and this is exactly how Amazon innovates. Amazon’s secret to innovation is the…