Everett Dirksen

Stronger than all the armies on earth is an idea whose time has come.

A Life Cycle Perspective on Intellectual Assets

Are you unsure how to extend the use of your organization’s intellectual asserts? Scant progress has been made in defining and calculating the value of intellectual assets, despite their obvious importance. The Accenture Institute for Strategic Change applies a physical resources life cycle perspective to help managers clarify how, and how well, intellectual assets are used, and reused, in business processes. The framework enables managers … [ Read more ]

Building an Innovation Engine

Disruptive innovation enables companies to do business in ways they never could before, but its turbulent track record promotes scepticism among managers. New research shows how to harness its strategic value for the long-term by following a three-step blueprint.

Innovation Sourcing Strategy Matters

Companies are increasingly looking to external sources to ramp up their levels of innovation in new products and services, but most lack a strategy for innovation sourcing. Research by the Accenture Institute for Strategic Change pinpoints how leading companies have been successful in creating a diverse set of innovation “channels” and managing an entire innovation-sourcing network to drive profitable growth through innovation.

Nicholas Negroponte

Innovation is inefficient. More often than not, it is undisciplined, contrarian, and iconoclastic; and it nourishes itself with confusion and contradiction. In short, being innovative flies in the face of what almost all parents want for their children, most CEOs want for their companies, and heads of states want for their countries. And innovative people are a pain in the ass.

T.S. Eliot

Immature poets imitate, mature poets steal; bad poets deface what they take, and good poets make it into something better, or at least something different.

Six Keys to Building New Markets by Unleashing Disruptive Innovation

Managers know they need growth to survive-but innovation isn’t easy. In this Harvard Management Update article, HBS professor Clayton Christensen and co-authors detail the six keys to creating new-growth businesses.

Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

In this book Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy. The topics addressed include the extent to which purely technical risk is separable from market risk; how industrial managers make decisions on funding early-stage, high-risk technology projects; and under what circumstances government can and should act to reduce the technical risks of innovative … [ Read more ]

Why Go it Alone? How Alliances Serve to Accelerate Innovation

It used to be, if you had a good idea, you kept it within the confines of your own company. Today, the fast pace of business development is creating a whole new wave of collaboration, across borders and industry boundaries. In this new Working Paper, Professor Peter Williamson and Sarah Meegan explore alliances.

Gordon MacKenzie

What is the biggest obstacle to creativity? Attachment to outcome. As soon as you become attached to a specific outcome, you feel compelled to control and manipulate what you’re doing. And in the process you shut yourself off to other possibilities.

Our Shared Playground: An Interview with Michael Schrage

Michael Schrage is co-director of the MIT Media Lab’s e-markets initiative and author of Serious Play. In this interview, he elaborates on his concept of shared space and it’s use in fostering innovation and collaboration.

Innovation and the Economics of Good Enough

“Welcome to the ‘good enough’ economy, where the likelihood that a technological innovation will be taken up depends on how well it answers six critical questions.”

Eric Mankin

The fundamental distinction between a platform or line extension product and a breakthrough product is that the latter establishes a need by its mere existence, or establishes an entirely new product category.

Innovation Now!

Conventional wisdom says to get back to basics.
Conventional wisdom says to cut costs.
Conventional wisdom is doomed.
The winners are the innovators who are making bold thinking an everyday part of doing business.

Editor’s Note: The meat of this article is found in the three systemic beliefs that inhibit innovation and the four dominant innovation lenses toward the middle of the article.

Innovation as a Deep Capability

It is well understood that in today’s world of discontinuous change, there is no continuity without constant renewal…There are two core challenges to making innovation a deep capability in any organization. First, most companies have a very narrow idea of innovation, usually focusing just on products and services. We need to enlarge our view of innovation. Second, most companies devote much more energy to optimizing … [ Read more ]

Disrupt And Prosper

CIOs at established companies can help identify and foster disruptive innovation to ensure future growth in existing and emerging markets.

Developing Breakthrough Innovations with a Crash Helmet

“The key to successful breakthrough innovation lies in learning constantly from the bumpy ride.

Traditional product development races steadily along a linear track toward a pre-defined formal launch date at the finish line. At that moment – and not until that moment – will ultimate success or failure be revealed.

Effective breakthrough product development is different. The breakthrough race is around a circular track – … [ Read more ]

Why Know-Who Trumps Know-How

A six-step guide to the promotion of corporate entrepreneurship and the exploitation of innovation.

Beyond Here, Sea Monsters Lie: Identifying Edges, Boundaries, and Barriers (.pdf)

This ‘Just Thinking’ paper (a CBI term) is a discussion-starter for an element of the topic Strategic Exploration. It offers up four general innovation boundaries: Physical, Knowledge, Context, and Time.

Peter Drucker

Because its purpose is to create a customer, the business has two – and only two – functions: Marketing and Innovation. Marketing and Innovation produce results. All the rest are costs.