article thumbnail

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

Innovation 360 Group

While they don’t have the same resources as large corporations, SMEs can potentially be quite innovative. The EU funded-development project was launched in 2016 with 8.2 It brought together a coalition of regional business development organizations from Nässjö, Vaggeryd, Sävsjö and Jönköping. million Swedish crowns.

article thumbnail

15 most important Innovation Theories your company should be using

Idea to Value

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. Instead, it is integrating new innovations into the business without affecting the performance of core business operations negatively.

Company 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Balancing Large and Small Firm Capabilities

Integrative Innovation

development of existing business) and exploration (i.e. The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Teaming up with small firms or startups. This angst is largely misplaced.

article thumbnail

Why do innovation programs fail

hackerearth

It is definitely not a failure of a single product, acquisition, or bad campaign. There are at least 10 different types of corporate innovation programs that can be leveraged. Open innovation, internal and external accelerators etc. Absence of an exclusive team. IP expert, Real innovator. Guest innovator.

article thumbnail

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

But even participating in other firms’ ecosystems can be highly attractive, as demonstrated by e.g. several app developers. Conclusion: developing a culture of experimen-tation is vital for both building new businesses as well as for competing in existing businesses – with distinct characteristics, though.

article thumbnail

When innovation led to a reversal of fortunes

hackerearth

That is the lesson learned at Lego — just in time,” says David Robertson, Professor of Practice teaching Innovation and Product Development at Wharton. The company encourages open innovation via Lego Ideas. Another turnaround story is Netflix’s using tons of data to drive innovation and beat competitors and challenges.