Fri.Jan 31, 2020

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The Challenges of Innovation

Innovation Excellence

Innovation. It’s a good idea, right? In fact, it’s a great idea. If it delivers value. Hands up who’s seen those pet projects – weeks, months, years of beard-scratching over a concept. A concept that no one completely understands, and no one seems accountable for. So why is it that innovation so often goes nowhere?

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Why Your Innovation Lab Might Be Failing

Michael Roberto

Source: Wikimedia Vip Vyas and Diego Nannicini of Distinctive Performance have written an interesting blog post titled, " Is Your Innovation Process a Corporate Illusion? " for INSEAD's Knowledge website. The authors examine why some companies have shut down their innovation labs, after achieving less-than-desirable results. Vyas and Nannicini offer several different explanations for the underperformance of these labs, but I find one explanation particularly compelling.

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Best Videos: Corporate Innovation Concepts and Methodologies

Innovation Leader

Watch our favorite YouTube videos on key innovation concepts and methodologies like the three horizons, the Innovator’s Dilemma, design thinking, and rapid prototyping.

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3 Ways to Reduce Costs While Maintaining Business Integrity

InnovationManagement

Integrity is regularly considered one of the top characteristics that a business leader can have — whether you're asking employees or CFOs. Sometimes, however, business integrity is considered a cost or burden — a commitment that is almost guaranteed to make a business harder to run over time. The post 3 Ways to Reduce Costs While Maintaining Business Integrity appeared first on Innovation Management.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Real Innovation Requires More Than an R&D Budget

The Inovo Group

What is the relationship between a company’s R&D spending and economic returns. Is it correlated (positive or negative). Is there a causal relationship? There have been numerous studies trying to answer this question that have produced seemingly conflicting results. The author ( Gina O’Connor ) has been studying this and other innovation questions for two decades and she has an answer. … we found no statistically significant relationship between a firm’s investments in basic, exploratory R&#

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Breaking Down the Barriers to Innovation

The Inovo Group

Businesses aren’t getting the impact they want from innovation because of ‘the day-to-day routines and rituals that stifle innovation’. Every innovation practitioner has observed this as one factor (among many) that affects innovation outcomes. Their solution proposed seems reasonable. It’s a ’hack’ they call BEANs (shorthand for behavior enablers, artifacts, and nudges).