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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. Newtown Square, PA: Project Management Institute. The knowns are those products, services, processes, etc. Much of this work is incremental or distinctive in innovation. Characterizing unknown unknowns.

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What is idea management and why is it important for any business

hackerearth

In idea management, you “capture” an idea to make it real via an organized system. And, this is also different from innovation management where you work on the idea with the most potential to create value. The innovation challenge could be a cost-benefit analysis, SWOT, or a well-defined problem statement.

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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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How Failure does or does not impact Innovation

ITONICS

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. Moreover, there is a global movement called Fuckup Nights that began in Mexico in 2012.

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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. The model describes organizational typologies based on cultures of 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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What is design thinking and how can it help you innovate?

hackerearth

In 1973, Robert McKim published a book called “Experiences in Visual Thinking,” which built on Simon’s work and explored ways in which perceptual thinking skills could be observed, utilized, and bettered, and how these skills have a powerful “capacity to change your world of ideas and things.”.