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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

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Five Innovation Practices

InnovationManagement

There is no “one size fits all” formula for innovation management success. Demystifying innovation takes experiments and practices. The post Five Innovation Practices appeared first on Innovation Management.

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Scaling Up Startups in Corporate Settings

Innovation Excellence

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating. The mutual – actually complementary – benefits seem pretty obvious: Benefits for startups include availability of office space, hardware, networks, support and potential funding access.

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Four Models of Intrapreneurship Innovation

Innovation Excellence

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. But the litmus test is.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? Innovation 360 has used this framework in many assignments. Innovation 360 uses a six-step process. This is what we call incremental innovation.

Groups 69
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Why Higher Education Needs Innovation Management

Qmarkets

This is just a short list of some of the greatest innovations that have been made within institutions of higher education. It is surprising then, to discover that the majority of these institutions are not fully utilizing the tools that are available to them in their pursuit of innovation in the 21 st century. The change has also been manifested in business, where many companies are now using innovation software to collaborate, innovate, and improve processes.

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Why Higher Education Needs Innovation Management

Qmarkets

This is just a short list of some of the greatest innovations that have been made within institutions of higher education. It is surprising then, to discover that the majority of these institutions are not fully utilizing the tools that are available to them in their pursuit of innovation in the 21 st century. The change has also been manifested in business, where many companies are now using innovation software to collaborate, innovate, and improve processes.

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Four Models of Intrapreneurship Innovation

Integrative Innovation

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. Lippitz the term is defined as the process by which teams within an established company conceive, foster, launch and manage a new business that is distinct from the parent company but leverages the parent’s assets, market position, capabilities or other resources.

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Are we playing snakes and ladders with innovation?

Paul Hobcraft

Originally from India the game is a simple race contest based on sheer luck and I am beginning to wonder if we are playing a new version of this with innovation? It just all depends on our luck in rolling the dice, a serendipity with a darker twist that many companies seem to be playing with their innovation capability building. The game came to mind as I read through a recent survey on Innovation. Have we this same luxury with the management and building of innovation?

Survey 100
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Innovation is About Getting Beyond the Idea

Integrative Innovation

When companies launch innovation initiatives, they typically allot almost all of their time and energy to that initial 1 percent—the thrilling hunt for the breakthrough idea. The real innovation challenge, however, lies beyond the idea. Even the best-managed corporations in the world struggle to execute innovation initiatives. This challenge, which we call the other side of innovation, is widely misunderstood.

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12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. Open Innovation. It is innovation by sharing both the risks and rewards of new research.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. The fastest growing companies interpret innovation through multiple lenses. Linking innovation horizons to time (e.g.,

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Modern Dual Corporate Innovation Balances Defense with Offense

Integrative Innovation

Modern Dual Corporate Innovation Management approaches encompass two complementary directions of impact : Transforming the Core (by largely changing or even disrupting the existing operating model). With more and more established companies facing disruptive threats and opportunities, deliberate process and operating model innovation proves to be a major source of competitive advantage.

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Successful Innovators Apply Multiple Leadership Styles Simultaneously

Innovation 360 Group

While much has been written on choosing the most promising innovation project and helping it succeed in the market after implementation, one crucial step in the middle hasn’t received enough attention: how to actually get the job done and done well. Leadership styles are critical to innovation efforts, especially when working with uncertainty. Radical Innovators more adaptive. Horizon 1 refers to innovations around the core business and related investment areas.

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Scaling Up Startups in Corporate Settings

Integrative Innovation

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating. outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. Changing leadership and management style. In fact, upon collaborating with an incumbent, a startup’s game changes significantly.

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The Winning Formula – The Advantages of Combining Higher Education and Innovation Management

Qmarkets

As such, it would be natural to regard both education and innovation as mutually compatible. It's surprising, therefore, that many academic institutions still lag when it comes to implementing well-structured innovation processes. This is just a short list of some of the greatest innovations that have been made within institutions of higher education. Innovation Managed. Open Innovation.

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What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

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What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

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Venturing Activities in Corporate Innovation: Types, Features and Success Factors

Integrative Innovation

Corporate Venturing , i.e. corporate engagement in external and internal ventures, plays an evermore critical role in fueling the innovation engine of larger companies. Most of those activities have a non-incremental innovation focus in nature, commonly targeted at. bringing about radical, yet sustaining opportunities to adapt / extend the current core business (e.g.

Tools 40
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Innovation and Organizational Culture

Integrative Innovation

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Innovation. Organizational stumbling blocks to innovation culture.

Culture 109
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The Case for Dual Innovation

Tim Kastelle

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. As recently outlined, I consider organizational ambidexterity to be a key innovation issue for organizations in 2016 and beyond. Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 .

Survey 185
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A Structured Cultural Approach Managing Uncertainty

Innovation 360 Group

New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market dynamics in a heartbeat, while competition from emerging markets isn’t just producing cheaper goods and copycat products, but radically redefining the terms of production and distribution. Defining innovation. Many people view innovation as spontaneous, unorganized and unpredictable. Building a culture of innovation. Why do we innovate?

Culture 83
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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Good innovation is notoriously hard to achieve. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns. Much of the innovation discovery journey is a disappointing one. Those not involved directly within the innovation project constantly remain skeptical or require more proof. So where does innovation sit within your organization? Innovation is full of rhetoric and hot air.

Report 212
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Evolution of Hyperloop: Propelling innovation the Elon Musk way

hackerearth

The aim was to understand how Musk makes these radical innovations possible and how exactly he propels innovation. The company has been formed completely by collaboration and crowdsourcing the collective knowledge of 600 engineers around the world through the JumpStart Inc. In terms of the innovation matrix, the Hyperloop falls in the radical quadrant. Less than 10% of all innovation falls under this category. Innovation Management

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Innovation and Organizational Culture

Tim Kastelle

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Innovation. Organizational stumbling blocks to innovation culture.

Culture 279
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Co-innovation: the concept, its benefits, and why you need to embrace it

hackerearth

Innovation is the key to gaining and sustaining competitive advantage, especially in today’s fast-paced, tech-fueled business ecosystem. Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. However, businesses soon understood that innovation cannot take place in a vacuum and it requires different points of view, diverse skill sets, and collaboration. What is co-innovation?

Survey 68
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The Case for Dual Innovation

Integrative Innovation

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years. As recently outlined, I consider organizational ambidexterity to be a key innovation issue for organizations in 2016 and beyond. Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Accenture: 2015 US Innovation Survey.

Survey 66
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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. This focus, however, often hinders them to explore new businesses, to drive radical innvation and to respond to disruptive shifts in their environment.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Reinvention through business model innovation.

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Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. The radical changes we see occurring all around us requires radical responses.

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Why do innovation programs fail

hackerearth

It is the failure to innovate that led to its “demise.”. In other words, it is because sometimes innovation strategies fail to produce products/ services that the customers want. Which brings us to the question, “Why do innovation programs fail?”. Below are 6 reasons why innovation programs can fail. Leaving innovation to chance is more often a gamble where odds are not always in your favor. Take the following innovation management process for example.

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Four reasons why corporate startups fail (and how yours can be succesful)

whataventure

Nicola Büsse, Co-Founder of MOBIKO, is one of those intrapreneurs who managed to make the jump with her team from an internal innovation project to a successful spinoff. The story of MOBIKO starts at Audi Business Innovation in 2017. You underestimate stakeholder management.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

In the fourth conversation between Jeffrey Phillips and myself around parts of the Executive Innovation Work Mat, we took on several different issues around the design, function, structure and process needs for innovation. The Executive Innovation Work Mat can contribute to that.

Design 130
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Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading organizations deliver innovations across a range of industries and use cases.

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Co-creating volume 3

Innovation 360 Group

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

Groups 40
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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

We need to open up our thinking about risk and innovation management. We should aim for a really healthy construct that does help all involved or associated with innovation and managing risk, that gives a better chance of pushing beyond the incremental innovation that avoids most risk and disappoints those seeking real growth. Part one focused on linking risk into an innovation strategy that needed to align to the corporate one.

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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

We need to open up our thinking about risk and innovation management. We should aim for a really healthy construct that does help all involved or associated with innovation and managing risk that better chance of pushing beyond the incremental innovation that avoids most risk and disappoints those seeking real growth. In this post two, within a three part series, I build the argument on why we need to treat innovation differently within any risk assessment.

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Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading organizations deliver innovations across a range of industries and use cases.

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Fostering Innovation with Technological Solutions – Part 1

Wazoku

What might the link be between Barcelona, fostering innovation with technological solutions and organisations looking to give the people what they want? This two-part series will explore the topic of a session I recently gave at a Design Thinking and Business Innovation Summit. I was in Barcelona just prior to all the recent referendum* to give a session on fostering innovation with technological solutions. Do you have a desirable innovation mix that you are going after?

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Co-creating volume 3

Innovation 360

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.