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Innovation

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  • Innovation management according to ISO 56002

    ISO standards such as ISO 9001 and ISO 14001 are among the most popular management systems for companies worldwide. With the ISO 56000 family, the International Organization of Standards is currently introducing a new series for innovation management. This article explains the components of the standard, the benefits for companies, and the innovation management systems guide ISO 56002, which is at the heart of this series.

    ProcessesDr. Marcus Liehr9 minutes

  • How companies invest well in times of crisis

    "Never let a good crisis go to waste." This sentence, addressed by former Chief of Staff Rahm Emanuel to then U.S. President Barack Obama, makes it clear that crises are not only a threat, but also offer special opportunities. Crises can expose weaknesses in companies that were not visible in good times or whose elimination was not important. A sense of urgency is created to address large and small change processes. Changes in markets and customer needs also create new opportunities for growth. Unique opportunities arise to make targeted investments in the future.

    StrategyDr. Marcus Liehr11 minutes

  • "Meaningful" investing in the world of Generation Y

    Investing in sustainability and for sustainable projects: This is one of the big megatrends among business angels and investors. It is about the good feeling of having invested "sensibly". But it is also about achieving a financial return in addition to a positive ecological and social impact. This is because many want to incorporate their values and life goals into their investments. Generation Y and projects or startups are in the sights of investors.

    Environment & Social AffairsJoël Ch. Wuethrich5 minutes

  • Will my innovation be a success? - 3 Methods for evaluating innovations

    Innovations are one of the key drivers for the growth and survival of companies. However, as various studies show, there is a very high probability that an innovation idea will not fulfill the goals associated with it. For example, between 70 and 90% of all newly launched products fail. Almost 2/3 of all startup investments lose money. According to a recent study by CB Insights, one of the main reasons for the failure of startups is that there was no sufficient market need for the developed solution. In view of these figures, the following will first show why the classic approach of creating a business plan is not sufficient or can even be a waste of time and resources. Subsequently, the Bayes theorem, innovation options and Monte Carlo simulations are presented as three powerful but simple methods for evaluating the chances of success of innovations in the early development phases.

    InnovationDr. Marcus Liehr13 minutes

  • Digital literacy as the key to the information society

    The concept of digital literacy combines skills in dealing with digital media with responsible action on the Internet. Everyone should be empowered at an early stage and in the long term to move confidently in the digital space. Only by teaching critical thinking can politics and business secure social prosperity in the long term by enabling innovation.

    Environment & Social AffairsSimone Belko6 minutes

  • Cybersecurity in home office times: 5 tips for secure network(s)

    Virtually overnight, the "analog" virus Corona is turning the classic working world upside down: home office is suddenly running like an assembly line, or as others say: "going viral". Not only the health of employees must be at the top of the agenda, but also the integrity of information worth protecting. Because this "analog" virus also serves as a backdoor for its digital cousins. The article explains how companies can protect themselves against cyberattacks in Corona times.

    IT-Security & Cyber SecurityIldikó Bruhns5 minutes

  • Industry 4.0 for SME companies

    In order to find an optimal introduction to the topic of Industry 4.0, we should first clarify the terminology. After that, I will give you a brief outlook of the possibilities with short examples and their already existing applications. The goal should be to understand how far progress has already changed everyday life in many companies. Through this understanding, I want to take away your fear of these changes and encourage you to start with your own digital strategy for your company.

    Markets & IndustryFriedrich Prötsch-Jechtl6 minutes

  • What is Digital Transformation? - Definition and a Framework for digital Change

    Based on a recent study, this article provides a definition for digital transformation and will introduce you to the three key ingredients to a successful digital transformation framework. Implementing digital transformation is most certainty not easy and different challenges will arise from trying to achieve a substantial change. Learn here the leadership skills required for this process and everything else you need to commence your digital journey.

    Strategy / VisionDr. René Bohnsack8 minutes

  • Basics of digital product development - Apps & more.

    The success of digital applications, or apps for short, is unstoppable. It's clear that everyone wants a piece of the "app" pie. But what makes digital applications successful? Which procedures help to keep the vision in sight and to achieve it? Which methods are useful or even indispensable? Get an overview of the success factors that reliably support you in developing a truly successful digital product.

    Business ModellMarcus Funk10 minutes