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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. Beside the annual ranking, headed by the top three companies Apple, Google and Samsung, some insightful outcomes with regard to organizational and cultural requirements have striked my eye. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture.

Mapping innovation process aspects

Innovation 360

In a world of hyper competition, innovation is imperative to gain competitive advantage. The process of successfully implementing innovation has to begin in the organisations strategy, culture, people, systems, processes, competitive landscape and its external key drivers. When setting up an innovation initiative and the first process the organisation make decisions on governance, speed and flexibility of potential future innovations.

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Drive Innovation by Disrupting the Existing Management Norms

InnovationManagement

To stay on top, established organisations need to stimulate innovation. The post Drive Innovation by Disrupting the Existing Management Norms appeared first on Innovation Management. Before being acquired by Facebook for US$1 billion, Instagram was just another photo-sharing app operating with insignificant infrastructure and a dozen employees.

Mapping innovation process aspects

Innovation 360 Group

In a world of hyper competition, innovation is imperative to gain competitive advantage. The process of successfully implementing innovation has to begin in the organisations strategy, culture, people, systems, processes, competitive landscape and its external key drivers. When setting up an innovation initiative and the first process the organisation make decisions on governance, speed and flexibility of potential future innovations.

The Critically Important Innovation Narrative

Paul Hobcraft

A story has limited value; for me, it is the more powerful narrative that drives innovation, inspiring and gaining identification in multiple ways. In contrast, a narrative is a system of stories that links values and events to establish a broader and often new cultural meaning.

Disruptive Is Not a Dirty Word

IdeaScale

Disruptive isn’t a dirty word, but it can be a scary one. Why does the word “disruptive” raise such fear among so many people? Uttering “disruptive” during a meeting can get you looks more along the lines of profanity. But “disruptive” isn’t a dirty word: It’s an honest reality, and disruptive innovation is sometimes the only way forward. At the same time, disruptive innovation is what makes our lives better.

Innovation and Organizational Culture

Integrative Innovation

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. Beside the annual ranking, headed by the top three companies Apple, Google and Samsung, some insightful outcomes with regard to organizational and cultural requirements have striked my eye. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture.

Innovation is a Lifestyle, Not a Bunch of Metrics

Innovation Excellence

Far too many supposed innovation experts believe that measuring activities is critical to success. Innovation activities simply for the sake of doing something without context and insight from the measure may be in fact very misleading. Maybe. Maybe not so much. At least for the big stuff.

The Critically Important Innovation Narrative

Paul Hobcraft

For me, it is the more powerful narrative that drives innovation, inspiring and gaining identification in multiple ways. In contrast, a narrative is a system of stories that links values and events to establish a broader and often new cultural meaning.

LEAN 130

The Critically Important Innovation Narrative

Paul Hobcraft

For me, it is the more powerful narrative that drives innovation, inspiring and gaining identification in multiple ways. In contrast, a narrative is a system of stories that links values and events to establish a broader and often new cultural meaning.

LEAN 130

Achieving an Innovation Culture

Strategos

A stepwise approach to achieving an innovation culture. Culture eats strategy for breakfast, lunch, and dinner.” The famous quote is attributed to Peter Drucker, who pointed out that culture is a strong driver of how a company behaves and plays to win. We can safely say the same applies to the importance of culture for innovation performance. But at the same time, we recognize that we’re not them, and their culture would not be the perfect fit for us.

How to enable Disruptive Innovation in an enterprise? [video included]

Be-novative

Disruptive Innovation is not a linear process. This is why we need to change a few aspects of the traditional innovation management approach to encourage employees to become intrapreneurs and drive more breakthrough results. and the real innovators know that. The real innovators know that the ‘dots’ and insights that underpin innovation are driven by the questions we ask, the unique observations we make and the people we involve and inspire.

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Sparking useful ideas by creating an innovative culture

IdeaSpies

There isn’t a simple process to capture and rate ideas from employees. An innovative culture- what is it? Innovative cultures offer jobs that promote teamwork and offer opportunities to make a contribution so talented people can learn and progress.

Organizational Innovation: Foster Innovation and Reward Innovative Habits

Daniel Burrus

In today’s world of exponential change and technological disruption, encouraging organizational innovation is key to helping your organization leverage Hard Trends and use them to anticipate what’s to come. Innovate First, Reward After .

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.

Does culture eat strategy for breakfast?

Innovation 360 Group

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. In fact, strategy, leadership and capabilities are the foundation but culture is the enabler.

Ambidextrous organisations: Where innovation should sit in an organisation

Idea to Value

Where should innovation resources actually exist in an organisation? It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department?

Building a Culture of Innovation by Creating A Structure for Unstructured Innovation

Rmukesh Gupta

The need for innovation has never been more acute for businesses than it is today. Every CEO of any sizable business is worrying about which startup from which garage is going to change the rules of their game and disrupt them. Innovations can be incremental, sustainable and disruptive in nature. Disruptive Innovations: These are innovations that are non-linear and usually are a result of an insight that someone in the organisation developed.

Transformation and innovation: There is no quick fix: Part 1

The Future Shapers

Managing innovation and transformation is hard. In the first part of this two piece series on transformation and innovation, Ron Immink considers 2 formulas, 8 books, at least 25 questions and lots of lessons. It is disruption. Disruption is coming.

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.

The limitations, criticisms and new pathways for Design Thinking – Part two

Paul Hobcraft

So part two of my reflective summary: Design thinking becomes the best friend to innovation, strategically and tactically. When DT is applied to business or social issues it is by making creativity logical, you have its power of contribution, it can transform our innovative solutions. Design thinking as something far too prescribed ‘dulls’ the process. All this adds up to a creative process. Creativity is one of the key essences contributing to innovation.

Innovation project or Innovation Capability?

Jeffrey Phillips

I've been writing, speaking and consulting about innovation for over 15 years, and I'm constantly amazed by the different perspectives and definitions about innovation. Innovation theater happens when companies and executive talk up innovation but fail to do anything.

Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

Reflecting on our innovation practices

Paul Hobcraft

Innovation has been rapidly changing and much of its basics have been swallowed up by some newly defining frameworks that have raced up to the top of the innovation agenda. It is right that we all respond to these but we often forget much of the rest of what innovation needs to be built upon. We fail to constantly review and re-engineer the innovation process and tend to layer more upon it, without a consistent reassessing what we are trying to achieve.

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The Top 5 Excuses That Prevent Disruptive Innovation

Idea Drop

Innovation breeds innovation, which can ultimately result in long-term success. Of course, most businesses are severely lacking in innovation – the irony being that many of them were built on an innovative idea to begin with. Old or new, every organisation will have its excuses for not being innovative. We’re too big to innovate” Success can be the death of innovation – or at the very least an inhibitor.

Creating A Culture of Innovation Using Innovation Software

eZassi

As companies increasingly recognize the importance of innovation and disruptive solutions to remain competitive, the big question remains: where does innovation come from and how a culture of innovation be cultivated? Contrary to popular belief, existing employees account for the vast majority of innovative ideas and the right software can help unlock innovation while also shifting the entire company culture.

Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

Why Every Large Organization Should Decentralize Innovation

Idea to Value

I recently met with a very successful company that is seen as a highly innovative global pioneer that others in their industry, which is facing many structural headwinds and inevitable changes, look up to. The challenge s of centralized innovation. Culture. Culture.

Building a lasting innovation capability

Jeffrey Phillips

I've been asked a number of times, by companies large and small, how to create an innovation capacity that lasts. Note that what my clients are asking for is to create an innovation capacity that outlasts a product need, or market gap, or executive team member.

Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

You need the ability to adapt to change, and innovate, faster. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation. You might then ask what that means in practice and how to accelerate your pace of innovation.

Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

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. Then disruption suddenly hits. So where does innovation sit within your organization?

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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. 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.

Crowdsourcing Internal Innovation

Collective Innovation

Regardless of what kind of business you are in there are numerous different types of innovation that can give you a clear competitive advantage and make you more successful. The most common types of sustaining innovation are: Application Innovation : This is when you find a new use for an existing product, tapping into a new base of customers and potential. Product Innovation : Creates a difference with an existing product line and existing market, usually through features.

Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. The ultimate result is open innovation, the concept that good ideas come not just from within organizations, but from outside them as well. Why Open Innovation Is Emerging as a New Paradigm. Flexibility Required to Overcome Political and Cultural Hurdles.

The problem of scaling can confuse those innovating.

Paul Hobcraft

The problem of scaling can confuse those innovating and can this be changed? You can follow their work over on innovation-3, where they help companies to set the Scaling-Up of a fully validated innovation concept up for success. This growing complexity to manage is increasingly moving organizations towards the very traits innovation also requires. The risk of being highly scaled is fast becoming a point of disruption for others.

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New Innovation Books for 2021 & Beyond

InnovationTraining.org

Innovate to grow with these innovation book recommendations. Does your organization have a comprehensive innovation strategy or plan for the year? Looking for even more literary choices to help you innovate? Innovation In Translation: How Big Ideas Really Happen.

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Entrepreneurship or intrapreneurship? What do you think?

The Future Shapers

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”. The book also starts with the premise that innovation is much more difficult in established organisations than it is in startups.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you with a leading edge of innovation knowledge and insight.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight.

Growing Strong: How A Dedicated Continuous Improvement Process Can Nurture Corporate Innovation

Qmarkets

Having a method in place to capture, refine, and unleash disruptive new ideas is crucial for any innovation strategy. If we compare innovation management to agriculture, we can see some similarities. Our Blog Continuous Improvement Innovation Process Operational Excellence

Finding the best innovators

Jeffrey Phillips

I'm writing a series of blogs based on questions that I regularly receive about innovation. In my last post, I wrote about the staffing plan necessary to sustain growth and innovation , basing it in part on the Pareto rule. Just focusing on product innovation is too limited.

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What is innovation? 15 experts share their innovation definition

Idea to Value

I spoke to 15 of the world’s leading innovation experts to get their definition of “innovation” The variety in their responses may surprise you. The ultimate definition of innovation. Innovation is truly a confusing buzzword which many people love to hate. If you ask Google for an innovation definition, it is less than helpful, coming up with over 300 million results with thousands of definitions. What is your definition of “innovation”?