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Parkinson’s Law and the Peter Principle – are they relevant to innovation?

Idea to Value

10 people write 10 reports in 10 hours. If you hire 10 more people how many reports will all 20 people write in the same time? This is why “lean” and “agile” have become buzzwords today. According to Parkinson’s Law it’s still 10. Published in 1942, the theory states that “work expands to fill the time available to complete it”.

Report 148
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So Where Is Innovation Heading?

Paul Hobcraft

These are big data analytics, the fast adoption of new technologies, mobile products and capabilities and digital design.See the above for the complete list on where innovation is heading, it makes interesting viewing. I liked the suggested digital design principles that BCG outlined in their report.

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What do most innovative companies have in common?

hackerearth

So much that a McKinsey survey reported that 94 percent executives are unhappy with their business’ innovation performance. Although failure is a stigma to the corporate world, Eric Reis, a Silicon Valley entrepreneur-turned-VC-turned author and founder of Lean Startup Movement, encourages companies to embrace the concept of “failing fast”.

Company 77
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Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Tim’s Comment: There’s one other way that this idea plays out too – figuring out how to use lean startup techniques inside of established organisations. Indeed, BCG research shows that big data leaders generate 12 percent higher revenues than those who do not experiment with big data.

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Nine Questions CEO’s Should Ask About Innovation

Gregg Fraley

There are great frameworks and tools out there for innovation projects, like Design Thinking, Agile, Lean, and blended processes. But research and insight departments typically don’t invent , they report. Or do they hand off their report and forget about it? Do your people know them?

Project 74
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Constructing Innovation as Value Management

Paul Hobcraft

There is this increasing need to understand and incorporate ecosystems, platforms, and the greater use of analytics, big data and reliance on technology into our innovation thinking. To help me here I want to acknowledge the work going on over at the IIRC with their <IR> reporting.

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Sorting through our Innovation Management Tools

Paul Hobcraft

They have made 15 surveys over the years and reported on the top 25 tools of each year. Finally when Bain conducts this survey they gather the opinions on a range of business issues and report the changing management priorities. Big Data for instance scores a 4.22 The latest one for 2015 is here. with limited effort.

Tools 100