Travelling at a height of 17,000 feet, hurtling through the skies at break-neck speeds and battling the elements to complete the mission. No, it’s not the F-35, but Lt. Freddie Huntley breaking yet another skydiving world record. Last year, as part of its program to support excellence in operations on land, sea and air, IFS…
Posts Tagged as Inspiration
This post shares a few examples of IFS Quick Reports created by the American company CDF.
The beauty of this solution lies in the simplicity when it comes to extract, present and share data in an easy way.
One important element in the path to innovation is to learn about all the new capabilities in IFS Applications. We can help our customers to add—stepwise and pretty seamlessly—new product innovations to their ERP suite without major business intermission.
Looking back over year, I can see how my behavior has completely changed. I have constantly had the radar switched on when it comes to learning and being influenced by my favorite subject—creativity and innovation. Writing blogs is also a fantastic way to process thoughts and ideas as you have to put them into words. I hope we have inspired you through the blogs to think and act differently when it comes to innovation and technology.
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.
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%.
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.
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.
In my role at IFS, formulating and communicating product visions and strategies for IFS Applications, I am constantly on the lookout for new ideas. I seek inspiration from other industries that at first glance might seem unrelated to the business software industry. I want to understand their challenges and opportunities, the type of products and…
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.