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There are Knowns and Unknowns in Innovation: Let’s Manage Them Differently

Paul Hobcraft

Paper presented at PMI® Global Congress 2012—North America, Vancouver, British Columbia, Canada. The knowns are those products, services, processes, etc. Much of this work is incremental or distinctive in innovation. I wrote about this some time back, discussing the extended innovation funnel ( here ) and used this visual.

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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. Let me show you how the focus of organization design has changed over the years: Scholar.

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Culture of Innovation Video and Case Study: Cambia Health Solutions Transforms the Health Care Landscape Through Innovation

Planview

With growth and change, the business became bureaucratic, complex, and expensive. With great uncertainty in the US health care system, senior leadership at Cambia was committed to “embedding innovation into the company’s bloodstream,” to transform and disrupt the health care industry. The Challenge. The Result.

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Can creativity and innovation be managed?

hackerearth

The result of this journey has been that their Managed Innovation framework has been successful in generating 134,232 ideas from 55,383 empowered employees and implementing 19,172 innovations for over 400 clients. In 2012, their innovations generated a value of $548 million through savings. Why manage innovation?

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

Open Innovation EU

And for that reason it has become an integral criteria in many prescriptive regulations for (higher) education and in increasing numbers also explicitly and implicitly part of curricula (Saavedra & Opfer, 2012). In the Schumpetarian view, opportunities arise from the internal willingness to change the industry. Neck et al.

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How Failure does or does not impact Innovation

ITONICS

After every failure, it’s necessary to dive deep into their reasons and figure out how to avoid the misstep next time. Changing the corporate language from “ risk and failure ” to “ experiment and learn ” becomes indispensable. Below we present approaches to how failure can be used as a lever for innovation.

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Case Studies: Learning from Failure, or Dying from it

Qmarkets

It wasn’t even a year ago that Toys R Us was talking about revamping their website, changing the checkout process from five steps to just two. On February 1, 2012, JCPenney launched a new pricing method. How to Fail the Right Way. Clearly, they were far behind the digital times. The Hazards of Ignoring the Internet.