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Innovation Management in 2023: Venture Building & Scaling

Innov8rs

Earlier McKinsey research found that companies prioritizing business building perform better, grow faster, and are more resilient to volatility and disruptions. They have different metrics and governance schemes: if the red shirts have silos and cross-silo committees, the blue ones prefer a flat and lean hierarchy.

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Companies betting big on open innovation

hackerearth

“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. Open innovation (OI) uses a mix of approaches, thereby affording higher responsiveness and flexibility while trying to grow beyond its core business.

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A brief history of work, innovation and skills in the UK

Wazoku

Driven by advancing technologies, accelerating connectivity, and changing attitudes towards employment, organisations are operating in a dynamic environment – one where fast-growing start-ups are disrupting traditional business models and AI is replacing human labour. The digital revolution. 2020 – THE FUTURE OF WORK ?

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The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

In developed markets, governments are restricting the freedom to price new drugs. In the same survey they are reported to be more worried than CEOs of other sectors about disruption to their Industry. Between 2006 and 2013, there was a seven-fold increase in data curation jobs (job trends from www.indeed.com).

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Retool to win in the next decade

ImagineNation

While we might once have depended on governments for this, business now needs to be part of the solution, given fractious politics and social division”. At the end of 2006, I found myself, at MIT, in Boston, attending the “Presencing: Collective Leadership for Profound Innovation and Change” five-day workshop.

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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Whereas Schumpeter describes an entrepreneur as disequilibrative – destroying the pre-existing stage of the equilibrium ((Kirzner, 1999) – Kirzner chooses to describe the role of the entrepreneur as more equilibrative – entrepreneurs systematically displace disruptive conditions in order to create stabilized market conditions (Kirzner, 1999).