722 Posts Found

“Innovation is for CFOs, too,” say IESE’s Tony Davila and co-authors of this article identifying six levers of innovation applicable to any field.

Content: Article | Author: Tony Davila | Source: IESE Insight | Subjects: Finance, Innovation

Nearly everywhere you turn these days, you are exhorted to innovate, disrupt, or otherwise prove yourself a game changer. It’s enough to make you feel that if you haven’t put a couple of Fortune 500 incumbents out of business this week, you’ve taken your eye off the ball.

There’s nothing wrong–and plenty that is right–with trying to innovate. But what if innovation is not the panacea … [ Read more ]

Content: Article | Author: Adam Bluestein | Source: Inc. Magazine | Subject: Innovation

When a product that has been in development for one year can be copied and brought to market in days, first mover advantage has lost its…well, advantage. Once stigmatized, imitation is now acceptable. In fact, this author says that to stay in the game and not fall behind, firms must imitate. In this article, he describes why imitation is as valuable as innovation, and why … [ Read more ]

Content: Article | Author: Oded Shenkar | Source: Ivey Business Journal | Subjects: Innovation, Management, Strategy

I wrote the popular book The Myths of Innovation to capture everything I wish I learned about big ideas before I started my career. I’ve seen bloggers summarize the book into a simple list (or cheezy video), but here’s a version written by my own hand.

Content: Article | Author: Scott Berkun | Subject: Innovation

The term Myths of Innovation has become popular on the web, but few of these articles link to each other, which is sad. Much like the abuse of the term innovation itself, the meaning stretches further all the time.

And somehow in all this innovation abuse we’ve forgotten inventions like web searches, links and footnotes to credit what others have done.

As a response I’ve compiled a … [ Read more ]

Content: Article | Author: Scott Berkun | Subject: Innovation

Imagination is the beginning of creation. You imagine what you desire; you will what you imagine, and at last you create what you will.

Content: Quotation | Author: George Bernard Shaw | Subjects: Creativity, Innovation

Just as a company should always be inventing new concepts, products and services, it should also be inventing the customer of the future. Company leaders who play it safe ask themselves, “What do we know how to make?” Company leaders who are a little bolder ask, “What does the customer demand right now?” And the most successful innovators of all ask, “What will the customer … [ Read more ]

Content: Quotation | Source: Ivey Business Journal | Subjects: Customer Related, Innovation

When the New Yorker this week published Harvard historian Jill Lepore’s sharply written dismissal of “disruptive innovation,” it was an attack on one of the most widely cited and celebrated ideas in modern business. Christensen hasn’t responded in writing to the essay, but when I reached him by phone on Thursday afternoon, it was clear he’d been thinking about it. Consistently described by those who … [ Read more ]

Content: Article | Authors: Clayton M. Christensen, Drake Bennett | Source: BusinessWeek | Subject: Innovation

Many established global companies discount the need to innovate when competing in emerging markets. After all, innovation is expensive and risky. So, how can it make sense to spend heavily on an innovation for a market in which customers have so little money? Readers will find out just why it does make a lot of sense.

Content: Article | Author: Chris Trimble | Source: Ivey Business Journal | Subjects: Innovation, International

Above all, we know that an entrepreneurial strategy has more chance of success the more it starts with the users—their utilities, their values, their realities […] the test of an innovation is always what it does for the user […] it is by no means hunch or gamble. But it is also not precisely science. Rather, it is judgment.

Content: Quotation | Author: Peter F. Drucker | Subjects: Entrepreneurship, Innovation

Many executive teams still treat innovation as a black box, the serendipitous achievement of a few gifted individuals. But our survey found that innovation leaders consistently outperformed laggards on five manageable capability areas. The disparity suggests that innovators rely on a systematic approach, not just on finding people who happen to be innovative.

Content: Article | Authors: Alex Roth, Darrell K. Rigby, Eric Almquist, Mitchell Leiman | Source: Bain & Company | Subject: Innovation

All organizations have two objectives: to manage today’s business profitably and to create the future through innovation.

Content: Quotation | Author: Mitch McCrimmon, Ph.D. | Source: Ivey Business Journal | Subjects: Innovation, Management, Mission

There’s an element […] that is completely disregarded in formal management education. We’re supposed to figure things out. We’re supposed to make the machine work and correct problems when they come up. But, in fact, in creating something, a lot of the most important developments are what you didn’t expect. And it’s how you recognize and deal with surprise. It’s a very different mindset. The … [ Read more ]

Content: Quotation | Author: Peter Senge | Source: Across the Board (ATB) | Subjects: Education, Entrepreneurship, Innovation, Management

Five ways to boost the impact of new endeavors without adding bureaucracy or cost.

Content: Article | Authors: Jørn Bang Andersen, Robert C. Wolcott | Source: strategy+business | Subjects: Innovation, Management, Organizational Behavior

The Columbia Business School professor says the era of sustainable competitive advantage is being replaced by an age of flexibility. Are you ready?

Content: Thought Leader | Authors: Rita Gunther McGrath, Theodore Kinni | Source: strategy+business | Subjects: Innovation, Management, Organizational Behavior, Strategy

Innovation can be defined as a process whereby ideas are transformed into new or improved products, services, or processes to solve practical problems and meet needs or to advance, compete, and differentiate organizations in the marketplace. In today’s world of increasing complexity, to compete effectively it is imperative that corporations explore ways to foster new ideas such as increasing their sources through loose ties to … [ Read more ]

Content: Article | Authors: Kalle Lyytinen, Marty Abbott, Michael Fisher | Source: Graziadio Business Report | Subjects: Customer Related, Innovation

There will always be advantages to size and scope, but the industrial company was built for optimization, not innovation.

Content: Quotation | Author: Gary Hamel | Source: strategy+business | Subjects: Innovation, Management, Organizational Behavior

A leader’s failure to walk the talk is, arguably, especially conspicuous if that leader fails to make good on his or her talk about innovation. The promise to focus on innovation ends right there, with a promise. The inability or unwillingness to follow through on the promise creates what these authors call an Innovation Gap. In this article they suggest how leaders can close that … [ Read more ]

Content: Article | Authors: Claude Legrand, David S. Weiss | Source: Ivey Business Journal | Subjects: Innovation, Leadership

People involved in “risky work”, as opposed to “repetitive work,” face three challenges: to create, to communicate, and to collaborate.

Content: Quotation | Author: Richard P. Gabriel | Source: CGE&Y Center for Business Innovation (CBI) | Subjects: Innovation, Organizational Behavior, Work

The late Michael Dertouzos observed in his last book, The Unfinished Revolution, that all too often, humans are at the service of computers, rather than the much more desirable opposite. To take full advantage of new technologies, to really enable the widest range of possibilities opened up by innovation, we must make sure that technologies aren’t designed in isolation from their eventual users; technology ought … [ Read more ]

Content: Quotation | Source: CGE&Y Center for Business Innovation (CBI) | Subjects: Innovation, IT / Technology / E-Business