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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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Sorting through our Innovation Management Tools

Paul Hobcraft

Presently the highest rated tool is Big Data Analytics; more than half of surveyed executives say that Advanced Analytics are transforming their marketing strategy. Complexity Management was not a highly used tool even though increasing complexity was identified as one of most pressing business challenges. with limited effort.

Tools 100
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Recognizing the Building Blocks of Innovation

Paul Hobcraft

In frameworks and mechanisms , my favourite has always been the three horizons , followed by ideation platforms and contests, innovation centres, labs and accelerations, ambidextrous growth ( explore and exploit ), taking principles of disruptive innovation and staged and venture funding approaches.

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Jumping to a fresh cycle of innovation design

Paul Hobcraft

I have argued in the past that innovation management needs to radically adjust and needs to be designed differently, it needs to be highly adaptive. We need to consider how big data and analytics, technology and a far more creative thinking needs to be applied collectively but in greater constellations of partners.

Design 233
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Technology leads, innovation exploitation is lagging

Paul Hobcraft

There is a growing, perhaps even an overwhelming business case, for transforming the innovation management structure. The new combination is the new connections through people and things (IoT) that we can achieve a new innovation potential. Digital matters, in its raw innovating power and its potential business impact.

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Spotting Innovation Opportunities

ITONICS

If a company focuses on incremental innovation and simple stage-gate ideation processes only, it won’t keep up in the long run. In addition to transforming a whole industry, disruptive business models also push and promote paradigm changes. The Innovator’s Dilemma. Is there a pattern for disruption & breakthroughs?

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Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

I would argue this fits within a constellation of partners all working towards delivering innovation that is highly valuable, radical, disruptive and distinctive. We need to frame our innovation needs differently for exploring and exploiting innovation across different time horizons to move beyond the usual.

Design 138