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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.

Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Infront Consulting and business magazine Capital recently published their second joint annual study (in German) on the Digital Innovation Unit landscape in Germany. The study authors differentiate between three types of Digital Innovation Units : Innovation Lab : Bundling of company-internal resources in one or more interdisciplinary. teams for repeated identification and prototyping of digital innovations. Recommendartions for action: Innovation Labs.

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Organizational Models for Breakthrough Innovation

Integrative Innovation

As we have suggested earlier, innovation activities that are radical or disruptive in nature, should be separated from incremental innovation around a company’s established core business. The main reasons are: Required capabilities, structures, approaches, success metrics and culture for radical/disruptive innovation are highly incompatible with those required for incremental innovation.

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.

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. We are in the middle of it, some of you may not have noticed its impact and change but it is significant on the understanding of innovation, in it’s future design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

There are two complementary approaches to innovation: incremental vs radical. When setting up an innovation strategy, there are many decisions to take. Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? This approach is very popular because it reduces the risk that radical innovation usually takes. Smartphone industry is a great example of this kind of innovation.

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.

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 . Accenture: 2015 US Innovation Survey.

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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? Of course, that is not to make light of the serious conditions still facing a great number of people in every region of the Earth. Adopt and adapt new technologies.

Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?

Innovation 360 Group

My insightful client’s request for an Artificial Intelligence for Dummies book made the point that it feels just like the 90s, when there were spectacular stories of technology and a threatening sense of the consequences of not understanding it. And with AI, we might very well end up in the same place we did then, with technology maturing, many promises made, and many broken. Innovation and Artificial Intelligence. Innovation is about preparation.

Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?

Innovation 360 Group

My insightful client’s request for an Artificial Intelligence for Dummies book made the point that it feels just like the 90s, when there were spectacular stories of technology and a threatening sense of the consequences of not understanding it. And with AI, we might very well end up in the same place we did then, with technology maturing, many promises made, and many broken. Innovation and Artificial Intelligence. Innovation is about preparation.

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

In the course of this first month of 2016, I was asked a couple of times what my prospects are for the year ahead when it comes to key innovtion issues. 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. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Co-Innovation and startup engagement.

15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment. Suggested viewing: 12 – Disruptive Innovation.

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.

The digital innovation era calls for new board leadership

Innovation 360 Group

– In todays globalized and digitalized world, Innovation capability is emerging as the most crucial success factor for companies that wants to master sustainable growth and profitability! Never before has boards and board members faced a larger challenge than todays need for effective linking between innovation and corporate strategy. In other words, we believe we have an unprecedented insight in the state of innovation capability among companies of the world today.

Why Building a Culture of Innovation is your Competitive Advantage

Wazoku

A quick glance at the Most Innovative Companies [1] list at Forbes sees the top three places taken by Salesforce, Tesla and Amazon respectively. It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. If you can embody the spirit of innovation in one man, it’s perhaps that of Thomas Edison. It’s innovation as a way of being, an organisational lifestyle choice, and it’s something that Amazon do exceptionally well.

Entrepreneurship or intrapreneurship? What do you think?

The Future Shapers

The only thing that large companies don’t seem to be able to crack are the ideas that startup come up with and the initial market sensing. If you are looking for models on how to manage innovation, I would strongly recommend “ Zone to win “. Because I would maintain that innovation and/or intrapreneurship are crucial for your business survival. Hence “Transforming Legacy Organisations: Turn your Established Business into an Innovation Champion to Win the Future”.

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? Of course, that is not to make light of the serious conditions still facing a great number of people in every region of the Earth. Adopt and adapt new technologies.

Innovation communications: the crucial importance of stories and shared language

The Future Shapers

Many years ago, when I managed the communications function for a leading digital innovation agency in London, we were engaged on a project for Sony. At the time, they were bringing out some exciting consumer technology, and the design for the website element featured glamorous photography of people using their hardware: so for a while the office was awash with devices and photographers and beautiful people. Building innovation culture with shared language.

Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?

Innovation 360

My insightful client’s request for an Artificial Intelligence for Dummies book made the point that it feels just like the 90s, when there were spectacular stories of technology and a threatening sense of the consequences of not understanding it. And with AI, we might very well end up in the same place we did then, with technology maturing, many promises made, and many broken. Innovation and Artificial Intelligence. Innovation is about preparation.

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. However, in education we are yet to see a pervasive adoption of the necessary digital communication technology.

35 Ways to Use Idea Management Software to Drive Business Results

The Future Shapers

These companies have gradually expanded by finding ways to use their existing products and technology to serve new customer segments. Ask your employees and you’re guaranteed to find new and creative ways for using what you already have to expand your business to new markets. Identifying new geographic markets to enter. However, entering new geographic markets is tough. They might be in a diminishing market with products and services that are no longer competitive.

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. For over a thousand years, these institutions have provided society’s most intelligent individuals with the highest standard of education, in an eternal quest to push forward the frontiers of science, research, and technology. However, in education we are yet to see a pervasive adoption of the necessary digital communication technology. Open Innovation.

Why do innovation programs fail

hackerearth

In fact, there are companies that came later and captured a much bigger market share. 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. Takeaway: Choose an innovation process and continuously measure and manage it.

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. For over a thousand years, these institutions have provided society’s most intelligent individuals with the highest standard of education, in an eternal quest to push forward the frontiers of science, research, and technology. However, in education we are yet to see a pervasive adoption of the necessary digital communication technology. Open Innovation.

The digital innovation era calls for new board leadership

Innovation 360

innovation. – In todays globalized and digitalized world, Innovation capability is emerging as the most crucial success factor for companies that wants to master sustainable growth and profitability! Never before has boards and board members faced a larger challenge than todays need for effective linking between innovation and corporate strategy. The winning strategies of top innovators. Innovation 360 Group. board leadership new leadership innovation.

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.

Learning User Innovation by teaching it

Open Innovation

This month I spend part of my innovation strategy class at UCI on user innovation. Thoughts in 2014 With more than 15 published papers (articles or chapters) about open innovation, I’m guessing many know me mostly for my OI work. Of these articles, two articles in 2009 and 2012 compare open and user innovation, the latter with Marcel Bogers (who did his diss at EPFL on UI). I wrote it with Frank Piller, one of Europe’s best known open innovation scholars.