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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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Innovation System Thinking on a Sunday! What, no roast or glass of wine? Later.

Paul Hobcraft

We must think differently and that might mean whole innovation system thinking. It so often, does not yield the impact we require from innovation; successful outcomes that accelerate growth or make for substantial change. Then we have system imbalance to contend with in innovation. Going back and reminding myself.

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

hackerearth

The innovation challenge could be a cost-benefit analysis, SWOT, or a well-defined problem statement. It is important because as a vital component of the innovation process, idea management helps harnesses creativity and implements it to better business outcomes. Innovation is about change.

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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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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. Clearly, they were far behind the digital times. One bad decision almost 20 years ago was the beginning of the end. .