Can you share some corporate innovation success stories?

Visionary leadership. A leader who can see the future trends and opportunities is crucial. For example, Steve Jobs at Apple had a clear vision of creating simple yet powerful devices.

The story of Apple is also remarkable. With products like the iPhone, they combined multiple functions such as a phone, music player, and internet device into one sleek handheld device. Their focus on design, user experience, and constant innovation has made them one of the most valuable companies in the world. They keep introducing new features and technologies that others then follow.

Sure. One example is Tesla. Their innovation in electric vehicles has been a huge success. They not only developed high - performance electric cars but also advanced battery technology. This has changed the automotive industry's perception of electric vehicles and led to a global trend towards sustainable transportation.

The LifeStraw is also a remarkable frugal innovation success story. This portable water filter is designed to be affordable and easy to use. It can remove harmful bacteria and parasites from water sources, making it safe to drink. It has been extremely useful in areas with limited access to clean water. Its simplicity and low cost have made it accessible to many people in need around the world, helping to combat water - borne diseases.

Sure. One success story is from Google's X Lab. They worked on self - driving cars. This innovation not only changed the concept of transportation but also inspired other companies to invest in autonomous vehicle technology. Another is Apple's innovation lab which led to the creation of the iPhone. It revolutionized the mobile phone industry and changed how people communicate, work and access information.

Another success story is the open innovation approach of Procter & Gamble (P&G). They launched 'Connect + Develop', an initiative that aimed to source about 50% of their innovation from outside the company. This led to the development of many successful products, like the Swiffer line. By collaborating with external partners, P&G was able to access new ideas and technologies more quickly and cost - effectively.

Sure. One great example is Airbnb. They revolutionized the hospitality industry by allowing people to rent out their spare rooms or entire homes. This simple yet innovative idea tapped into the unused resources of homeowners and provided travelers with more diverse and affordable accommodation options. It started small but quickly grew into a global phenomenon, disrupting the traditional hotel business model.

Sure. Apple is a great example. Their innovation in the iPhone completely changed the mobile phone industry. It combined a touch - screen interface, an app ecosystem, and sleek design in one device, which was revolutionary at that time.

Tesla is also a remarkable product innovation success story. Electric cars had been around for a while, but Tesla made them cool and practical. Their cars have long - range capabilities, high - performance, and advanced self - driving features. They also changed the perception of electric vehicles from being slow and boring to being fast, efficient, and desirable. Their innovation in battery technology and vehicle design has made them a leader in the automotive industry.

Dollar Shave Club is another example. They took on the big razor brands with a simple yet innovative marketing approach. Their humorous online videos went viral, quickly grabbing the attention of consumers. By offering a subscription - based model for razors at an affordable price, they were able to build a large customer base. Their marketing was all about being different, direct, and appealing to the everyday man who was tired of overpaying for razors.