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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. In times when the market dynamics, technology development, and diffusion are faster than ever, it is a natural question.

Company 40
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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. In times when the market dynamics, technology development, and diffusion are faster than ever, it is a natural question.

Company 40
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Top 10 must-read books on Innovation

hackerearth

Drucker uses examples to outline systematic innovation and sources of innovative opportunities within and outside of the enterprises. This is the key takeaway from this book published by Harvard Business School Press in 2004. He focuses on the Practice of innovation, Practice of entrepreneurship, and Entrepreneurial strategies.

LEAN 12
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When innovation led to a reversal of fortunes

hackerearth

In 2004, CEO Knudstrop embarked on a back-to-the-basics journey, and went from a loss of $292 million that year to a profit of $117 million in 2005. Innovation is ingrained in its organizational culture. Disruption just wasn’t working for the Billund-based company. Bionicle” was the only saving grace. Source: [link]. Lessons aplenty.

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The Ambidextrous Organization

Open Innovation EU

The SME Path : both technological and non-technological small-sized and medium-sized enterprises, which also includes family business, are usually very capable at entrepreneurial effectuation. In order to become more sophisticated they need to find the right balance and focus more seizing opportunities and building strong business models.