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Innovation Management: Importance, Ideas, and Examples

Acuvate

In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost their business productivity. What is innovation management? Importance of innovation management.

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

Innovation 360 Group

Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time. The insight of dividing innovation work into different Horizons in order to manage it effectively is, in my experience, often well known at C-level.

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

Innovation 360

Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time. The insight of dividing innovation work into different Horizons in order to manage it effectively is, in my experience, often well known at C-level.

Company 40
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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. On top of structuring management and operations, every new idea was to be consistent with the company’s goals. The company encourages open innovation via Lego Ideas.

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Typology for Innovative Organizations

Open Innovation EU

To my opinion, Mintzberg’s work was a refreshing change to the world of organization design that until then has been largely influenced by Taylor’s Scientific Management Approach and Henry Ford’s efficiency-based adaptation of that. Figure 1: Typology for Innovative Organizations. Organization Design in their eyes.

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Top 10 must-read books on Innovation

hackerearth

Innovation and Entrepreneurship by Peter Drucker In this classic book published in 1985, Peter F. Drucker “presents innovation and entrepreneurship as a practice and a discipline.” Called the inventor of modern management, Austrian-born American Dr. Drucker’s insights are still highly relevant and many of his predictions did come true.

LEAN 12
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The Ambidextrous Organization

Open Innovation EU

Bessant noted that organizations should always find a balance between innovators and innovation managers. Among researchers, the intersection of design and management (science) has long been a topic of discussion. Academy of Management Perspectives, 27(4), 324–338. ??. Further reading: [link]. O’Reilly, C.