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Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Research confirms: development of exploration in parallel to exploitation capabilities proves to be mandatory for established companies in order to compete successfully and sustainably. One way for established organizations to strengthen exploration is by developing internal capabilities in order to overcome their inherent inertia.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

But even participating in other firms’ ecosystems can be highly attractive, as demonstrated by e.g. several app developers. Leadership through vision and influence, rather than command and control, is required. Adapted from: https://nbry.wordpress.com/2014/06/27/massive-platforms-for-cocreation-the-new-normal-22/.

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Invest in People to Grow Your Business

KindlingApp

The 2014 Global Innovation Index Report focused on how investment in human capital (“ a measure of the economic value of an employee's skill set ”) is critical for growth and innovation. This is true in the context of the global economy as Banerjee points out, but his advice is just as relevant at a more granular level.