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. Open and social co-creation.

Scaling Up Startups in Corporate Settings

Innovation Excellence

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating. The mutual – actually complementary – benefits seem pretty obvious: Benefits for startups include availability of office space, hardware, networks, support and potential funding access.

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Is open innovation ‘business infidelity’?

100%Open

One of the activities that we do is run p ublic open innovation calls so that businesses can find each other and collaborate. A recent discussion with Michel Fruhling at BFS Innovations has prompted us to re-examine this open innovation approach and compare it to relying on a company’s existing relationships and supply chain. We always advise to start by making sure that your existing partners are part of any innovation network that we create.

Startup Engagement in Corporate Innovation

Innovation Excellence

collaboration Innovation Strategy Accelerator Business Model Innovation co-creation Corp-Up Corporate innovation Corporate Startup Corporate Venturing CVC Disruptive Innovation Dual Corporate Innovation Dual Innovation Ecosystem exploration incubator Innovation Strategy Joint Venture M&A Open Innovation Radical innovation Scaling Up Startup Engagement technologyRecently, Match-Maker Ventures and Arthur D.

Startup Engagement in Corporate Innovation

Integrative Innovation

From an innovation perspective, the ultimate objective is to validate promising initiatives and selectively scale them up in order to adapt or even renew the existing core business. Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “ The Age of Collaboration “ The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation.

Scaling Up Startups in Corporate Settings

Integrative Innovation

outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. Those tools are often organized as independent units or activities within the corporation or are ideally embedded in a single unit dedicated to explorative innovation altogether along with internal ventures. However, startup engagement is also increasingly used for tapping into entirely new markets or technologies as well as spotting disruptive innovation opportunities.

Venturing Activities in Corporate Innovation: Types, Features and Success Factors

Integrative Innovation

Corporate Venturing , i.e. corporate engagement in external and internal ventures, plays an evermore critical role in fueling the innovation engine of larger companies. Most of those activities have a non-incremental innovation focus in nature, commonly targeted at. bringing about radical, yet sustaining opportunities to adapt / extend the current core business (e.g.

Tools 40

12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. Open Innovation. It is innovation by sharing both the risks and rewards of new research.

Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

The first part highlighted that radical and incremental innovation build on two different innovation set-ups (exploration and exploitation, respect. New research: ambidexterity well done is a key driver for innovation performance. One of the key findings of this paper is that “in uncertain [business] environments, organizational ambidexterity appears to be positively correlated with increased innovation, better financial performance and higher survival rates.”.

What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. In summary, innovation is always a big challenge – it needs to be understood, first, and foremost. We offer to demystify innovation and show you how your organization can benefit from it, as well as the steps needed to achieve it. Open Innovatio

Monitor Your Innovation Capability in these Three Areas

Destination Innovation

Many organizations have top-level goals for innovation but struggle to measure progress toward them. How can you assess the current state of your innovation capability? through social media, competitions or open innovation) monitor the numbers coming in. Secondly, check the efficiency of your innovation evaluation process by monitoring how many ideas make it through the initial selection and into the next stage as projects.

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.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey.

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. From my 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. Innovation can’t be tackled through broad-brush recipes or tools.

Business Model Innovation: Creating Pathways to Relevance

The Future Shapers

The innovation conversation is happening every day , no matter your industry, function or location. Unfortunately, the discussion can quickly turn into a haze of white noise and fuzziness as emphasis on theoretical definitions, frameworks, types of innovations and other aspects of enablement leave people puzzled and dazed, as opposed to motivated and ready to make a difference. But, should one start with incremental innovation or is radical innovation the way to go?

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. The radical changes we see occurring all around us requires radical responses.

The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

I want to bring together some thoughts on risk and innovation. This is the opening part and sets the scene. I feel we spend less time on the management of risk within our innovation initiatives, as we so often simply measure risk on established risk / return lines of known existing business criteria, treating it as part of our existing ongoing business and that is plainly wrong. Gary Pisano had an excellent article “ You Need an Innovation Strategy” on HBR.

3 Innovative Projects with Ideanote to Get '19 Started

Ideanote

What better way to start this new year than to put actions behind words on that innovative organization culture of yours? As an all-in-one innovation platform, Ideanote can be successfully used in a manner of different ways. Open innovation, idea management platform, employee motivation tool – the possibilities are, if not endless, then at least plenty. Happy innovating! And you guessed it, open innovation in an excellent Ideanote project to get started with.

Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. The SMEs, unlike the larger companies, are clearly stating that they are prioritizing innovation.

Factors that seek to accelerate innovation… but actually slow it down

ideas4allinnovation

All organizations seek to innovate, and to do so swiftly. Is there one common recipe for all companies that leads to quicker innovation? Here they are: 1.High-performance innovation teams. ‘ Skunkwork’: a small group of people develop an innovative project in isolation. .

Co-innovation: the concept, its benefits, and why you need to embrace it

hackerearth

Innovation is the key to gaining and sustaining competitive advantage, especially in today’s fast-paced, tech-fueled business ecosystem. Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. However, businesses soon understood that innovation cannot take place in a vacuum and it requires different points of view, diverse skill sets, and collaboration. What is co-innovation?

Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. The SMEs, unlike the larger companies, are clearly stating that they are prioritizing innovation.

Case Study: Regional SME Development Project Brings Innovation Lift to Manufacturing Hub

Innovation 360 Group

And yet, when it comes to innovation, SMEs often do not have the resources and tools to manage a process that consistently delivers results. They need a common framework and language to describe and quantify innovation efforts, and to collaborate internally and externally. While they don’t have the same resources as large corporations, SMEs can potentially be quite innovative. Innovation area in Growkomp project was very interesting. The Situation.

Building upon the four essential pillars for innovation

Paul Hobcraft

It is always welcome to read a thoughtful article that reminds me, no, it actually inspires me, by reinforcing my own belief that innovation is progressing, even if this is sometimes frustratingly slow. The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. Establishing a Comprehensive Innovation Strategy.

Tools 138

Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

We need to open up our thinking about risk and innovation management. We should aim for a really healthy construct that does help all involved or associated with innovation and managing risk, that gives a better chance of pushing beyond the incremental innovation that avoids most risk and disappoints those seeking real growth. In this post two, within a three part series, I build the argument on why we need to treat innovation differently within any risk assessment.

Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

We need to open up our thinking about risk and innovation management. We should aim for a really healthy construct that does help all involved or associated with innovation and managing risk that better chance of pushing beyond the incremental innovation that avoids most risk and disappoints those seeking real growth. In this post two, within a three part series, I build the argument on why we need to treat innovation differently within any risk assessment.

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.

Fostering Innovation with Technological Solutions – Part 1

Wazoku

What might the link be between Barcelona, fostering innovation with technological solutions and organisations looking to give the people what they want? This two-part series will explore the topic of a session I recently gave at a Design Thinking and Business Innovation Summit. The series opens by considering how organisations are using various technology solutions to tackle everything from continuous improvement through to grand challenges.

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.

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. Innovation Managed. Open Innovation.

Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Blockbusters seem a thing of the past but perhaps they don’t need to be with a very different innovative approach.

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. It is surprising then, to discover that the majority of these institutions are not fully utilizing the tools that are available to them in their pursuit of innovation in the 21 st century. The change has also been manifested in business, where many companies are now using innovation software to collaborate, innovate, and improve processes.

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. It is surprising then, to discover that the majority of these institutions are not fully utilizing the tools that are available to them in their pursuit of innovation in the 21 st century. The change has also been manifested in business, where many companies are now using innovation software to collaborate, innovate, and improve processes.

Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading organizations deliver innovations across a range of industries and use cases.

Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading organizations deliver innovations across a range of industries and use cases.

Why do innovation programs fail

hackerearth

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. Leaving innovation to chance is more often a gamble where odds are not always in your favor. Take the following innovation management process for example.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

When innovation led to a reversal of fortunes

hackerearth

The term innovation has been much bandied about this decade. Although a hackneyed word especially in the world of education and business, “innovation” has much in its favor. Read WSJ ’s “Is a Peanut-Butter Pop-Tart an Innovation?” There are plenty of expert definitions of innovation out there. Companies are leaving no stone unturned in their attempts to drive innovation, be it radical, incremental, or breakthrough. It is a story of disruptive innovation.