INNOVATION BULLSHIT BINGO GLOSSARY

Find out what the real meaning of innovation is via the first of its kind interactive glossary

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Innovation

something new or a further development of something that already exists
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Innovator

a person or group launching something new or a further development of something that already exists
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Lateral thinking

a way of solving problems in a new way, e.g. by using creative or unorthodox methods
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Digitize

conversion of data into a digital form to be processed by a computer.
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Energy System Transformation

Energy system transformation is an approach not to reducing GHG only, but to changing energy from one form to another
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A I

The objective of AI is to enable computers or other programmed mechanical devices to imitate human intelligence and thought.
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Brainstorming

a creative and interactive method for people to come together and solve specific problems by gathering information, thinking of solutions, and developing ideas; while brainstoring their ideas, people can speak freely and spontaneously
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Product Development

Product development includes a series of steps like conceptualization, design, development and marketing of new or rebranded goods or services.
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Product Development Cycle

comprises the seven following stages: idea generation, idea screening, concept development, and testing, building a market strategy, product development, market testing, and market commercialization.
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Agile Development

a modular software development technique for creating multiple successive versions of a working product, which is thus evolved based on the empirical evaluation of previous versions.
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MVP

Minimum Viable Product: a prototype of a product, as a software app or video game, that includes functional versions of key elements that are planned for inclusion in the final product, and that is shared with a small audience whose feedback is used to inform and direct further product development.
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Disruptive Innovation

Disruptive innovation has different approaches. It can either aim at creating new markets or transform products or services that used to be complicated or expensive to be accessible and affordable to a broader population.
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Globalization

the act of of businesses or organisations aiming at gaining international influence or working on an international scale
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Sustainability

ability to maintain something at the same rate or level; an approach to avoiding the overexploitation of natural resources to maintain an ecological balance
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Team Climate

Team climate is an individual's perception regarding the collaboration, practices, procedures, and events in a comnpany
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framework

a basic structure consiting of concepts, values, customs, etc. underlies a system
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profitability

usefulness or benefit potential
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Innovation management

Innovation Management (IM) is the total of actions to be taken to create and exploit ideas to turn them into new products, services, and business models and bring them to market
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Autonomous Decision Making

Autonomous decision-making means that decision-makers have the ability to identify a problem, set a goal and make independent decisions to achieve it
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Prototyping

Prototyping is a process where designers make ideas into something tangible and testable. Prototypes help you validate and refine your designs based on real feedback to finally build the "right " product.
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Pareto Principle

The Pareto principle asserts that froughly 80% of outputs come from 20% of all inputs. It is also known as the 80/20 rule.
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marketing innovation

A marketing innovation is the use of a new marketing strategy, which is remarkably different from the marketing method used by an enterprise before.
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personnel development

Personnel development aims at contributing to the personal development of employees by offering them activities to help them unlock their potential and grow. It covers methods, programs, tools, etc. supporting human development.
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Resilience

the ability to cope with difficult events in life and bounce back
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Failure

absence of success
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Optimization

making something as good as possible
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Open Innovation

Open innovation is counter to an innovation process that takes place behind closed doors. It integrates e.g. customers, suppliers, and partners into the innovation activities and thus defeats silo mentality.
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Innovation Capability

Innovation capability is defined as a firm's ability to identify new ideas and transform them into new/improved products, services or processes that benefit the firm.
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Innovation Lab

Innovation labs are business units engaging different people collaborating in order to create and prototype solutions that either disrupt or complement a company's activities. They are also known as hubs, incubators or accelerators and can work seperately from a company or be integrated into an organization.
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Pomodoro Method

The Pomodoro Technique was developed by Francesco Cirillo in the late 1980s. With this time management tool, a timer is used to break work into intervals of normally 25 minutes, with short breaks in between
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Hackathon

a competitive event where people work in groups on software or hardware projects in order to create a working product by the end of the hackathon
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Growth Hacking

Growth Hacking is a marketing technique focusing on the fast growth of a company.
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Design Thinking

Design thinking comprises a set of cognitive, strategic and practical processes aiming at developing design concepts
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Six Hats Method

The Six Thinking Hats method is used to increase the productivity of creative thinking by assigning each different thinking style one "hat": logic, emotion, caution, optimism, creativity, and control. Each person or team represents one hat, while each poimt of view and and style are covered.
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TRIZ method

TRIZ, which literally means "theory of inventive problem solving", is based on logic, data and research, but less on intuition. It profits from past knowledge and helps teams get unstuck while working on their projects.
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Ecosystem mapping

Ecosystem mapping is a useful tool that can be used to visualize your product and the systems, processes, and data flows that surround it. ... This technique is known as ecosystem mapping and is a very useful tool in user experience design
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Go-to-market

Go-to-market or go-to-market strategy is used by organizations to create and communicate their USP (unique value proposition) to customers and thereby gain competitive advantage.
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Market Sizing

Market Sizing deals with understanding and estimating the potential of a market, which is important for companies prior to launching a new product or service.
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Theory of change

Theory of Change is a methodology for planning, participation, and evaluation that is used in companies, philanthropy, not-for-profit and government sectors to promote social change. Theory of Change defines long-term goals and then maps backward to identify necessary preconditions.
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Unit Economics

Unit economics is a tool used to describe a company's revenues and costs in relation to an individual unit. A unit is a basic, quantifiable element creating value for a business.
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Value Proposition

A value proposition can refer to an entire organization, individual units, customer accounts, products or services. It is the promise that the defined value will be delivered, communicated, and acknowledged. From the customer's side, it is about how that value will be delivered, experienced, or acquired.
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Assumption Map

Assumptions mapping is a team exercise aiming at identifying the risky assumptions about a new product or service. It is based on the desirability, feasibility, viability, and adaptability of a new idea.
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Innovation Blueprint

The innovation blueprint describes the environment and behaviors necessary for ongoing innovation in an organization. The innovation environment, being management-centric, describes the context in terms of intentions and infrastructure that must be created by management to support innovation.
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Innovation Matrix

The Innovation Matrix is a visualisation that helps you easily identify the different kinds of innovation. There are 4 types of innovation: radical, incremental, architectural, and disruptive.
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Experimental Design

Experimental design stands for objective and controlled research for maximum precision and specific conclusions while testing a hypothesis. It usually aims at establishing the effect that a factor or independent variable has on a dependent variable.
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Accelerators

Somebody or something making things happen or develop faster.
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Design Sprint

A design sprint is a five-day process which aims at reducing the risk when bringing a new product, service or feature to market. During the sprint, ideas are validated, prototypes built and tested with customers.
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Strategy sprint

The Strategy Sprint is a structured, hands-on process for making decisions, setting goals and mapping next steps with your team. It compresses months of planning into action-driven work that aligns teams and produces tangible outcomes
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Content Sprint

A time-limited session for a team of people to create content.
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Sustainable Innovation

Sustainable innovation deals with ideas, concepts, practices, and products driven by concern for resources and environment.
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Innoweek

our proven framework to boost your innovation process and bring your ideas successfully to market
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Problem Sizing

process that helps assess the size of your customer's problem
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Social Impact

the actual effect an activity has on individuals and societies
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Growth Engines

help boost your business
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tangible results

physical output
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upwardly managed

managing your boss
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laterally managed

leading with the absence of hierarchical structures
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innovation strategy

activities that help achieve the innovation goal
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innovation culture

an environment encouraging people to create and develop new products and services
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Innovation Development

creating or developing new products and services which didn't exist like this before
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Prototype

a tangible vision of something later forms are patterned on
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Stagegate

It is a project management technique within the innovation process where so-called "gates" seperate the individual stages from each other. They are the decision points, where you decide on whether or not to proceed to the next stage.
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Proof of Concept

shows that a design concept, business idea, etc. works; it usually derives from an experiment or pilot project
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