Remove Agile Remove Collaboration Remove Course Remove Radical Innovation
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So Where Is Innovation Heading?

Paul Hobcraft

Innovation has gone from being islands of knowledge, developing new products and services exclusive to that one company, then quickly copied by the competitors, into something radically different. To achieve this innovation has gone digital, pure and simple. The road you take will decide where innovation is heading for you.

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The Case for Dual Innovation

Tim Kastelle

Evaluating breakthrough innovation cultures and organization s, BCG concludes in their annual 2014 study: By definition, breakthrough innovation is the introduction of new ideas that drive a different way of doing things. This requires risk taking, of course, since no one can foresee the outcome or results of such initiatives.

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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

And that, in turn, requires a risk management process that can shorten learning cycles, recognize failures early and make timely course corrections—a process that facilitates a company wide dialogue around which risks are acceptable and how much risk is appropriate, based on potential returns”.

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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

And that, in turn, requires a risk management process that can shorten learning cycles, recognize failures early and make timely course corrections—a process that facilitates a company wide dialogue around which risks are acceptable and how much risk is appropriate, based on potential returns”.

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Why do innovation programs fail

hackerearth

One can focus on tapping innovation internally, another can capitalize on external innovation through accelerators, incubators, acquisitions, etc. Or one can focus on incremental innovation, another program strives for breakthrough and radical innovations. Innovation process expert. Guest innovator.

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Balancing Large and Small Firm Capabilities

Integrative Innovation

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

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Co-creating volume 3

Innovation 360 Group

Of course, that is not to make light of the serious conditions still facing a great number of people in every region of the Earth. It was accomplished by a combination of brilliant ideas and productive innovation systems in collaboration. Collaborate externally (external networks, partnerships, JVs).