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Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

In part 1 of this post , Ralph revisited key innovation issues that were already addressed by us three years ago. Research confirms: development of exploration in parallel to exploitation capabilities proves to be mandatory for established companies in order to compete successfully and sustainably. Co-Innovation and startup engagement.

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What do most innovative companies have in common?

hackerearth

Then why is innovation such a rarity? So much that a McKinsey survey reported that 94 percent executives are unhappy with their business’ innovation performance. A common approach that drives innovation. They link innovation to their well-defined business objectives by establishing and maintaining dedicated innovation teams.

Company 77
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How to defeat “Loss Aversion” – the #1 reason why middle managers kill innovation

Idea to Value

In fact, loss aversion has even been seen in studies with capuchin monkeys , suggesting that this bias is hardwired into our nature. How Loss Aversion affects innovation. Unfortunately, growth-focussed innovation projects don’t have a guarantee of success.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

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. But even participating in other firms’ ecosystems can be highly attractive, as demonstrated by e.g. several app developers.

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15 most important Innovation Theories your company should be using

Idea to Value

What it is: TRIZ is a problem-solving, analysis and forecasting tool derived from the study of patterns of invention in the global patent literature. What it is: One of the most challenging aspects of innovation for most companies is not the generating of ideas, or the development of new innovations.

Company 248
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The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation

Legacy Innovation Group

This world, too, has made its contributions – the startup enterprise, Eric Ries' lean startup model, the minimal viable product (MVP), and – very importantly – a massive ecosystem of startup communities around the world all supporting and rooting for one another.

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Innovation and Organizational Culture

Tim Kastelle

Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. Open doors and listen vs. Be loyal to your team.

Culture 100