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Building Capacity for Breakthrough Innovation

Innov8rs

They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks. It contrasts sharply with incremental innovation, which refers to minor improvements or upgrades to existing offerings. Radical innovation is full of surprises.

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Has innovation changed over the last ten years?

Paul Hobcraft

Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2.

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Seven Strong Reasons not to Innovate

Destination Innovation

Innovation is risky. Most radical innovations fail so let’s just keep making our current products and services better. We have to free up some key people for innovation projects. Innovation is risky but so is standing still. Yes we had a failed initiative but what did we learn from it?

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Is Organizational Structure The Secret to Innovation?

Leapfrogging

To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that ultimately turn into big innovations. Bahcall’s book argues that the first step is to balance innovation with execution. Management Span: the number of direct reports that executives of the company have.

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So Where Is Innovation Heading?

Paul Hobcraft

This needs significant process redesign and the redesign into small, nimble teams and cross-trained groups who collectively gather around a problem to solve it and then disperse and reform in different shape and form to address the next need. It does seem we all need to pursue disruptive and radical innovation designs.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Risk management isn’t the brake on innovation; it’s the accelerator. Risk management, treated as a learning process, not only propels innovation forward but can also speed it up. Real discipline in innovation risk management means a more relaxed approach to the financials.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Risk management isn’t the brake on innovation; it’s the accelerator. Risk management, treated as a learning process, not only propels innovation forward but can also speed it up. Real discipline in innovation risk management means a more relaxed approach to the financials.