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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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The digital innovation era calls for new board leadership

Innovation 360 Group

The second strategic direction is to apply the so called three horizon model for innovation governance (McKinsey, McKinsey Quarterly report, 2009) in multiple and parallel time perspectives (figure 2). Source: Jaruzelski, Staack and Goehle, Strategy&). Figure 2, Applying the Three Horizon Model.

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The Wheel of Innovation: Lessons learned from >1,000 companies and 62 countries

Innovation 360 Group

At the heart of innovation lies a fundamental understanding of its nature, which is to challenge the status quo by making things that are better and totally different using existing elements (resources, capabilities and competences) in new ways. Innovation can be done in small steps (incremental) or in leaps (radical).

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The Wheel of Innovation: Lessons learned from >1,000 companies and 62 countries

Innovation 360

At the heart of innovation lies a fundamental understanding of its nature, which is to challenge the status quo by making things that are better and totally different using existing elements (resources, capabilities and competences) in new ways. Innovation can be done in small steps (incremental) or in leaps (radical).

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The digital innovation era calls for new board leadership

Innovation 360

The second strategic direction is to apply the so called three horizon model for innovation governance (McKinsey, McKinsey Quarterly report, 2009) in multiple and parallel time perspectives (figure 2). Source: Jaruzelski, Staack and Goehle, Strategy&). Figure 2, Applying the Three Horizon Model.

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When innovation led to a reversal of fortunes

hackerearth

Responding to customer requirements with amazing ideas such as Netflix Socks, entering into strategic partnerships with giants such as Verizon and Comcast, anticipating the market, leveraging changing technology, and understanding that not all innovation comes from new ideas have helped Netflix bring home the game. Fingers crossed!