Below are eight questions related to innovation, answerable with either “true” or “false.” Go ahead and answer them to test your Innovation IQ. 1. Innovation is the modern term for invention. 2. Innovation refers to the newness of something a company has launched. 3. The higher the R&D budget, the more innovative a company is. 4. The higher the number […]
Innovation
Money is a legal tender used as payment in a transaction and serves as a medium of exchange, as well as a measure of value. While there are many forms of money, as well as different currencies, it is worthwhile to remember the concept of the product life cycle (PLC): that new products tend to make old products obsolete. One […]
Innovation is a word too used and abused nowadays. Innovation refers to newness that succeeded in the marketplace, and not just in a single workplace, but in reality most companies are just playing catch-up to others and package it as innovation. This especially happens when there are issues that need addressing and companies try to solve them while calling it […]
From left to right (1st row): Bautista, Cobonpue, Lim, Valdes, and Chan. 2nd row: Chong, Evangelista, Ilao, Ledesma, and Palencia. On March 3 and 4, 2021, Mansmith and Fielders, Inc. held the very first Mansmith Innovation Awards and Summit. A dual conference and awarding ceremony, the event recognized the top 10 Filipino innovators for their significant contributions to innovation in […]
I enjoyed running three batches of my Business Model class last February 2021. I never had so many batches within the same month since my first class in 2010. I conducted pre-tests and trained business model mentors from the Go Negosyo Movement on the need to expand business models to 11 building blocks from their existing 9. I also trained […]
Internationally renowned furniture designer Kenneth Cobonpue is one of the ten winners of the 1st Mansmith Innovation Awards. In this interview, we asked Kenneth (who was described by Time Magazine as “Rattan’s First Virtuoso”), about his creative process and why many companies want his name on the door. Mr. Cobonpue will be speaking at the 1st Mansmith Innovation Summit and Awards […]
During the 2021 induction ceremony of the People Management Association of the Philippines held on January 27, I shared the details of a model that enhances the value proposition of the Human Resources department to an organization’s leadership. Why do we need to enhance it? In a quick survey among my network, I found only 3% of CEOs had a Human […]
Mega Global is the market leader in canned sardines in the Philippines. It is one of the ten winners of the 1st Mansmith Innovation Awards, and the first in business model innovation. In this interview, Mega Global’s president, William Tiu Lim, shares with us why they had to pay attention to the entire value chain of the company, starting from […]
Matimco, which is more popularly known for their Matwood, is the market leader in premium treated wood. The company is celebrating its 55th year this 2019 and its President and CEO, Charlie Liu, shares the best practices of a business-to-business organization like theirs in marketing and innovation. Q1: Wood is perceived as a commodity. Matimco branded Matwood and is […]
Lynn Baxter rose from the ranks as a medical representative in the UK through local, regional and global positions leading different products and markets in various countries such as China and Belgium. She is currently the President of GlaxoSmithKline (GSK) in the Philippines. GSK is a research-based, patient-focused global pharmaceutical firm. She shares her insights on the sales innovation process […]