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Innovation for E very Business

Discover the role of SMEs and debunk myths surrounding 'innovation' with expert insights from Margaret Mangion and the Edward de Bono Institute at the University of Malta. Explore different types of innovation, understand the challenges and facilitators of innovation, and learn practical strategies to foster a culture of innovation in your business. Embrace change, turn problems into opportunities, and unlock the power of innovation for sustained growth and success. Let's innovate together for a brighter future!

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Innovation for E very Business

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  1. Innovation for Every Business Let’s Evolve: Growth Through Innovation Margaret Mangion margaret.mangion@um.edu.mt The Edward de Bono Institute For the Design and Development of Thinking University of Malta www.um.edu.mt/create

  2. InnovationThe role of SMEs Margaret Mangion. Edward de Bono Institute. University of Malta

  3. The Myths surrounding ‘innovation’. The Eureka Moment Build It and They Will Come Pay is Paramount Innovation is Radical Birkenshaw, Bouquet, Barsoux (2011) Margaret Mangion. Edward de Bono Institute. University of Malta

  4. Why Innovate? Change happens! Successful innovation has been associated with subsequent growth and therefore performance of the firm. (Freeman, 1982) Margaret Mangion. Edward de Bono Institute. University of Malta

  5. Who Moved My Cheese? Margaret Mangion. Edward de Bono Institute. University of Malta

  6. Different Types of Innovation. Radical Incremental Margaret Mangion. Edward de Bono Institute. University of Malta

  7. Forms of Innovation Product – Electronics amongst the fastest to change Service – Online trading platforms Process – Ford, Zara Margaret Mangion. Edward de Bono Institute. University of Malta

  8. How can we innovate? No perfect recipe Organisations are all different BUT innovation IS possible Margaret Mangion. Edward de Bono Institute. University of Malta

  9. Simon Woodroffe Margaret Mangion. Edward de Bono Institute. University of Malta

  10. The Challenges. Internal – resources, technical expertise time management, attitudes External – policies, environmental factors Margaret Mangion. Edward de Bono Institute. University of Malta

  11. The Facilitators Active learning - opportunities Collaboration – quality circles Building communities – internal and external networking Risk Taking – not being afraid to fail Moving forward – eliminating the barriers that stifle the process – red tape etc… Praise – we all like a pat on the back Margaret Mangion. Edward de Bono Institute. University of Malta

  12. Making the time to be innovative: A few strategies Book time for creative effort Anticipate change Anticipate your clients Introduce activities that may help your staff members to be more creative Have fun together Rope your staff in. Provide feedback Let your customers lead you to the next product Use tools to analyse and generate ideas: WH questions, brainstorming Margaret Mangion. Edward de Bono Institute. University of Malta

  13. Turn problems into opportunities Margaret Mangion. Edward de Bono Institute. University of Malta

  14. Let’s innovate: Innovation for every business. Margaret Mangion. Edward de Bono Institute. University of Malta

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