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Recognizing the Building Blocks of Innovation

Paul Hobcraft

To look forward, I would argue we always need to look back and account for the progress made in managing innovation over the years. So this post reviews many great contributors to advancing innovation over the years. Briefly, I summarize what these have been bringing into innovative thinking.

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Serious About Your Social Mission? Innovate It.

Leapfrogging

A “lean” approach amplifies both profits and purpose. Mission-driven organizations have an equal opportunity to apply the principles and practices of innovation to maximize their impact–but few take it. Are you wed to deploying a particular technology? Corporate philanthropy. Benefit corporations. Sounds ideal.

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Open Innovation: definition, what types and benefits

mjvinnovation

We could summarize open innovation as the use of inflows and outflows of knowledge to accelerate internal innovation and expand markets. Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept. The 3 types of open innovation.

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4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Why is this challenge so different from previous innovation challenges? Has there ever been a moment in time when so many new technologies are washing over us all at once? The elephant in the room is that the new technology requires a truly different approach. Have a cross-domain, diverse team. Have a cross-domain, diverse team.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Let’s remind: One size does not fit all.

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Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

O’Reilly and Michael Tushman review and condense the research done so far on the subject. One of the key findings of this paper is that “in uncertain [business] environments, organizational ambidexterity appears to be positively correlated with increased innovation, better financial performance and higher survival rates.”.

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Balancing Large and Small Firm Capabilities

Integrative Innovation

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.