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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. Who wants to be an exploiter? 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

Open innovation (OI) uses a mix of approaches, thereby affording higher responsiveness and flexibility while trying to grow beyond its core business. The free flow, in and out, of ideas and IP promotes innovative ecosystems. Why does open innovation work? We can't do all that innovation ourselves – it's not possible.

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Typology for Innovative Organizations

Open Innovation EU

In fact, building blocks as ‘middle management’ might only still exist on paper today. But times are changing and organizations are emerging, scaling and managed completely differently. But times are changing and organizations are emerging, scaling and managed completely differently. Steve Blank (1995).

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How Israel’s Oldest Bank Is Engaging Employees to Become a Leader in Banking Innovation

Qmarkets

In order to achieve this goal, the Bank undertook an initiative to change their corporate culture, so every employee would see innovation as part of their daily work; an aim they should constantly aspire to. All of these factors affect not only how we perceive the role of banks today, but also how we consume financial services as a whole.

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Innovation Inspiration – Driving Sustainability at Ford, ESB, and Solvay

Qmarkets

And with global warming showing no signs of abating (last year was the hottest since 1880 according to data from NASA and NOAA, and this year is on track to be the hottest ever), companies have no time to spare in the all-consuming quest to develop innovative solutions for humanity’s many shared challenges.

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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. Besides a surge of auto tech startups and Tesla's success, Silicon Valley's new affair with the automotive industry is heightened by chatter about a secret car project by the most prominent disruptor of them all: Apple. In the U.S.

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Eliminating Uncertainty: How to Manage Innovation Risk in 3 Easy Steps

Qmarkets

Afterall, innovation often means abandoning an old, well-established practice in favour of something potentially greater, but less predictable. Business leaders are thus faced with a challenge – discovering a way to achieve disruptive innovation whilst minimizing potential dangers to their investment.