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Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

In part 1 of this post , Ralph revisited key innovation issues that were already addressed by us three years ago. It doesn’t always translate to managers, however. Co-Innovation and startup engagement. That means high integration costs – and another reason to be wary of new innovation.

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Companies betting big on open innovation

hackerearth

Deloitte uses its expertise in various industries to connect the dots between innovative technologies or approaches and companies. Deloitte also has several Innovation Centers to tackle issues in various sectors.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Reinvention through business model innovation. Let’s remind: One size does not fit all. Culture of experimentation (and speed).

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Top funds for innovative ideas and startups: Asia — India

hackerearth

While for incumbents, innovation itself can be hard to integrate into their everyday operations. Big companies are relying on mergers and acquisitions, joint ventures, and licensing, with huge funds set aside to grow and consolidate, for continuous and disruptive innovation. Source: Stanford Social Innovation Review.

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7 Habits of Highly Innovative Companies

ITONICS

Of course, failure can be damaging to daily business but only letting a room for risk can lead to disruptive innovation. Digital innovation is taking over and brings innovation management to a whole new level. Companies have already started linking innovation to data analytics to solve a variety of problems.

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A New Way of Thinking About the Automotive Industry

Qmarkets

Recent trends suggest that the automotive industry might be next on Silicon Valley's disruption list. For executives like Eric Schmidt, chairman of Google's parent company Alphabet, the argument for disrupting the automotive industry is obvious. Key Challenge: Self-Disruption.