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So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

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Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

Incremental innovation This is a common approach in many established companies, which focus on creating new products and services, with several goals: To grow sales and profits for existing products and services. This approach is very popular because it reduces the risk that radical innovation usually takes.

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The trough of innovation disillusionment

Paul Hobcraft

Over time our organizations are finding increasing reasons to put off the more radical innovation that is needed. Incremental innovation is safe and contains all the risks within acceptable levels, so it allows the organization to keep its fixation on the short-term as its only line of site (and executive pay-off).

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

So where does innovation sit within your organization? Both are I feel “painting” a realistic picture of where innovation does sit within organizations. Am I happy with this, no of course not but in my view “nothing can change until something does change” What do I mean by that? Innovation is full of rhetoric and hot air.

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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.

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The Case for Dual Innovation

Tim Kastelle

Evaluating breakthrough innovation cultures and organization s, BCG concludes in their annual 2014 study: By definition, breakthrough innovation is the introduction of new ideas that drive a different way of doing things. This requires risk taking, of course, since no one can foresee the outcome or results of such initiatives.

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Seeking fresh winds and new directions

Paul Hobcraft

Anyone who has felt the ‘full force of the wind’ will know the feeling of how hard it is to keep on your feet, to stay determined to stay upright and true, to hold the course, whatever happens. Let me explain: Innovation however, doesn’t work in many of our normal processes and procedures.