IFS Blog

Blogs on Technology, Innovation and Creativity

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| | 3 minutes | Creativity & Innovation
Tip: How to get rid of your innovation distractions
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| | 3 minutes | Creativity & Innovation
Tip: How to get rid of your innovation distractions

As individuals and companies, we need to protect ourselves against distractions so as not to lose our focus and commitment to bringing ideas all the way to new innovations. Today, distraction can include the possibilities and opportunities we see around us but also our self-perceived limited skills and experience when we compare ourselves with other people or companies.

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| | 3 minutes | Creativity & Innovation
A Big and Creative Brain is a Small Brain
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| | 3 minutes | Creativity & Innovation
A Big and Creative Brain is a Small Brain

Many times I have asked myself why some people and companies seem to be more creative and innovative than others. Do some people have superior DNA or are they blessed with a bigger brain? I read a book during my summer vacation that shed some light on my question. I would like to share it with you here.

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| | 3 minutes | Creativity & Innovation
The Formula for Successful Innovation (3 of 3)
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| | 3 minutes | Creativity & Innovation
The Formula for Successful Innovation (3 of 3)

In a study of companies in the industrial, technology, and consumer goods sectors, a correlation can been seen between investment ratios and the distribution of innovation returns reflected in the share price. Among high performers that invest in all three levels of innovation, surveys reveal that the return ratio is the inverse of resource allocation. Companies that allocated according to the above investment ratios outperformed their peers, typically realizing a P/E premium of 10% to 20%.

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| | 4 minutes | Creativity & Innovation
The Formula for Successful Innovation (2 of 3)
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| | 4 minutes | Creativity & Innovation
The Formula for Successful Innovation (2 of 3)

Targeting a healthy balance of core, adjacent, and transformational innovation is a vital step toward managing a complete innovation portfolio. The challenge is that a company must be able to execute at all three levels of ambition. However, few companies are good at all three, and not entirely surprising, companies struggle the most with transformational innovation.

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| | 2 minutes | Creativity & Innovation
The Formula for Successful Innovation (1 of 3)
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| | 2 minutes | Creativity & Innovation
The Formula for Successful Innovation (1 of 3)

Many times I have asked myself what the best-in-class innovation portfolio would look like. How should you balance the different innovation ambition levels such as incremental innovations with transformational (breaking news) innovations? Are there any numbers you can benchmark against and what ratio will have the most impact on your financial results and share price? What areas of management will boost the different levels of ambition?

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IFS is Paving the Way to Market Leadership in Service Management & Mobility
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IFS is Paving the Way to Market Leadership in Service Management & Mobility

Now, IFS takes another leap forward by acquiring Metrix. With Metrix’s portfolio of mobile solutions for field service management on smartphones and tablets, IFS can now boast one of the world’s broadest solutions for the mobile workforce, including….

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| | 3 minutes | Creativity & Innovation
Imitation is Better than Innovation
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| | 3 minutes | Creativity & Innovation
Imitation is Better than Innovation

My advice is to always have your copycat glasses on and think how you can refine and evolve existing solutions on the market. Please bear in mind that many profitable innovations that have evolved from an existing technology or user behavior.

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| | 4 minutes | IFS Labs
GitHub
Why GitHub Will Matter to YOU!
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| | 4 minutes | IFS Labs
Why GitHub Will Matter to YOU!

If you’re a geek, the talk of the town right now is GitHub.

Explained in laymans terms, what GitHub is – on the surface – will be so boring to any regular person that you would stop reading about here… or maybe here!

But GitHub is anything but boring, and when you are done reading this article, you’ll be in the know of how the GitHub paradigm will have real impact on your daily life, in the very near future.

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| | 2 minutes | Creativity & Innovation
How Can a + Make the Difference?
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| | 2 minutes | Creativity & Innovation
How Can a + Make the Difference?

In my role at IFS, formulating and communicating product visions and strategies for IFS Applications, I am constantly on the…

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| | 2 minutes | Creativity & Innovation
Shaping an Innovation Culture Includes Rewarding Failure
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| | 2 minutes | Creativity & Innovation
Shaping an Innovation Culture Includes Rewarding Failure

We discussed whether your fear of failure is due to the fear of losing your job or damaging your career. I asked if anyone has really lost their job due to that kind of failure, but the answer was ‘no’. So maybe the fear is just a perception? …. and they nodded in agreement.

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| | 1 minute | Creativity & Innovation
What Innovation is All About—In only 4 minutes
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| | 1 minute | Creativity & Innovation
What Innovation is All About—In only 4 minutes

Have a look at the movie (only 4 minutes) and then ask yourself the following two questions.

– Does my company have a space where ideas can mingle and swap?
– What makes me share my hunches with others’ hunches to get them to collide?

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| | 3 minutes | Business Technology
Trust Us – Can’t do it Without You
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| | 3 minutes | Business Technology
Trust Us – Can’t do it Without You

My biggest takeaway from the day though had nothing to do with the questions asked, nor with the statements made by our competitors. Instead it was the opening presentation by Arild Saastad from Bertel O. Steen. What really stuck with me were the comments he made about how important it is for an ERP vendor to earn the trust of the organizations using their systems.

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