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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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What do most innovative companies have in common?

hackerearth

They link innovation to their well-defined business objectives by establishing and maintaining dedicated innovation teams. Innovative companies provide the right platform for their employees to share and discuss ideas and have dedicated teams to turn them into prototypes and test the prototypes resulting from those ideas.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. But even participating in other firms’ ecosystems can be highly attractive, as demonstrated by e.g. several app developers.

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How to Set Up a Corporate Innovation Outpost That Works

Corporate Innovation

What should the team in the Outpost be doing day-to-day? Successful Innovation Outposts typically develop over a period of time through three stages. In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s). How do you staff it?

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How to Set Up a Corporate Innovation Outpost That Works

Corporate Innovation

What should the team in the Outpost be doing day-to-day? Successful Innovation Outposts typically develop over a period of time through three stages. In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s). How do you staff it?

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Creating Digital Entrepreneurs 

etventure

When we think about digitization, we think about technologies, processes and business models. In the traditional KPI-driven environment, risk taking is simply a bad idea. Making a decision which results in failure can cost a leader their job – so taking risks is a big gamble. The Cultural Status Quo. Entrepreneurial Drive.

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How to Set Up a Corporate Innovation Outpost That Works

Corporate Innovation

What should the team in the Outpost be doing day-to-day? Successful Innovation Outposts typically develop over a period of time through three stages. In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s). How do you staff it?