308 Articles found for subject: Innovation

Fractal innovation enables large companies to be more responsive to customer needs, leverage their global scale, and set the pace for their competition. Multinationals often face strong competition in geographies where nimble, local companies are able to succeed by meeting the changing demands of local customers with speed, responsiveness, and innovation.

• Large companies face two main innovation challenges: They have a limited understanding of the

… [ Read more ]

Content: Article | Authors: Saurabh Chhajer, Sharad Verma | Source: Boston Consulting Group (BCG) | Subjects: Innovation, International, Management, Strategy

Models, concepts, and frameworks offer approaches to innovation, with varying success, and those who have pursued innovation attribute their successes and failures to varying levers. Is it possible, then, to get to the heart of what spurs creativity and innovation in a company?

We think it is, but what is there is anything but logical. We have observed 10 factors that play a significant role in … [ Read more ]

Content: Article | Author: Himanshu Saxena | Source: Ivey Business Journal | Subject: Innovation

For organizations to truly innovate and grow, leaders in every role and at every organizational level must be attuned to how they are creating new value while simultaneously protecting existing value. Just as a soccer coach must simultaneously pursue both scoring and defending, leaders must constantly focus their attention on opportunities to create value — through innovation, risk-taking, and experimentation — and to protect value … [ Read more ]

Content: Article | Authors: David A. Hofmann, John J. Sumanth | Source: Harvard Business Review | Subjects: Innovation, Management, Organizational Behavior

New ventures often fail—but digital capabilities change the odds. By following a business-building playbook based on your company’s strategic assets, you can accelerate growth dramatically.

Content: Article | Authors: Austin Gispanski, Beth Viner, David Tang-Quan, James Tucker, Jürgen Eckel, Ketil Gjerstad, Sylvain Duranton, Yoichiro Hirai | Source: Boston Consulting Group (BCG) | Subjects: Entrepreneurship, Innovation, Strategy

Five lessons for incumbents on how to build and scale new digital ventures—and increase their odds of success.

Content: Article | Authors: Nimal Manuel, Ralf Dreischmeier, Tomas Beerthuis, Tomas Laboutka | Source: McKinsey Quarterly | Subjects: Entrepreneurship, Innovation, Management

Worries about failure, criticism, and career impact hold back many people from embracing innovation. Here’s how to create a culture that accounts for the human side of innovation.

Content: Article | Authors: Alex Morris, Erik Roth, Laura Furstenthal | Source: McKinsey Quarterly | Subjects: Best Practices, Innovation, Organizational Behavior

This article presents some practical guidelines for executives seeking to design a high-impact innovation culture. It also outlines four areas of focus that offer a clear path for change, drawing on examples from leading innovators.

Content: Article | Authors: David Blanchard, Deborah Lovich, Hannah Lu Schmitt, Johann D. Harnoss, Justin Manly, Robert Werner | Source: Boston Consulting Group (BCG) | Subjects: Culture, Innovation, Organizational Behavior

Here’s how to balance psychological safety and intellectual honesty for better team performance.

Content: Article | Author: Nathan Furr | Source: INSEAD Knowledge | Subjects: Culture, Innovation, Organizational Behavior

One of the biggest challenges facing organizations today is the need to be agile. To achieve this goal, leaders must seek a deeper understanding of the power of social interaction in furthering the flow of ideas, information, and insight. Michael Arena explains how building relational structures that foster 4D connections, discovery, development, diffusion, and disruption, can usher in the new, innovative ideas and concepts necessary … [ Read more ]

Content: Article | Author: Michael J. Arena | Source: Management and Business Review (MBR) | Subjects: Innovation, Organizational Behavior

Every company strives to be innovative, but most are missing key ingredients. How can you identify which ingredients your organization needs — and which employee styles can fill in the gaps? The authors’ research distills four key innovation styles that can lead to success — generators, conceptualizers, optimizers, and implementors — and explains how common they are across sectors. Then, they outline a four-part framework … [ Read more ]

Content: Article | Authors: Andy Wu, Goran Calic, Min Basadur | Source: Harvard Business Review | Subjects: Innovation, Organizational Behavior

New data highlights five things incumbent businesses could learn from venture capitalists and unicorns.

Content: Article | Authors: Jerome Königsfeld, Kai Vollhardt, Leo Leypoldt, Markus Berger-de León | Source: McKinsey Quarterly | Subjects: Entrepreneurship, Innovation, Venture Capital

A recent BCG study suggests that increasing the diversity of leadership teams leads to more and better innovation and improved financial performance. In both developing and developed economies, companies with above-average diversity on their leadership teams report a greater payoff from innovation and higher EBIT margins. Even more persuasive, companies can start generating gains with relatively small changes in the makeup of their senior teams. … [ Read more ]

Content: Article | Authors: Katie Abouzahr, Matt Krentz, Miki Tsusaka, Nicole Voigt, Rocío Lorenzo | Source: Boston Consulting Group (BCG) | Subjects: Diversity, Human Resources, Innovation, Organizational Behavior

There are two camps on the most effective way to frame an innovative idea. One contends you should emphasize why the idea is desirable. The other says you should focus on how to implement the idea. Which one is right? A research project found that the answer depends on your audience. If you’re making a pitch to novices, focus on why. If you’re making it … [ Read more ]

Content: Article | Authors: Denise Falchetti, Gino Cattani, Simone Ferriani | Source: Harvard Business Review | Subjects: Communication, Entrepreneurship, Innovation, Organizational Behavior

As business environments become more changeable and long-term growth rates decline, companies increasingly need to innovate—across their operations, offerings, and business models. We know the powerful effects of innovation, but what is upstream of innovation? How can we understand and shape the murky mental territory that leads to good ideas: the realm of imagination?

Content: Article | Authors: Jack Fuller, Martin Reeves | Source: Boston Consulting Group (BCG) | Subject: Innovation

Despite all the talk from leaders about innovation and investment in developing new products and services or new lines of business, growth remains elusive.

A big part of the growth problem is most corporate innovation initiatives, siloed in R&D divisions and idea labs or corporate accelerators, never reach customers. These initiatives are very good at generating ideas but weak in commercialization.

Why? Because companies are too … [ Read more ]

Content: Article | Author: Sangeeta Bharadwaj Badal | Source: Gallup Management Journal | Subject: Innovation

Success in this new era of accelerated disruption requires a holistic approach to technology.

Content: Article | Author: Sameer Hasija | Source: INSEAD Knowledge | Subjects: Innovation, Management

Crowds are not inherently wise. They become so under the right set of conditions.

Content: Article | Authors: Henning Piezunka, Lars Bo Jeppesen, Linus Dahlander | Source: INSEAD Knowledge | Subjects: Innovation, Organizational Behavior

Talk all you want about strategy and operational efficiency—the truth is, firms succeed because they offer something irresistible.

Content: Article | Authors: Bill Ding, Jian Sun, Stephen W. Dyer | Source: Kearney | Subject: Innovation

To catalyze breakthrough growth, leaders must set bold aspirations, make tough choices, and mobilize resources at scale.

Content: Article | Authors: Brian Quinn, Daniel Cohen, Erik Roth | Source: McKinsey Quarterly | Subject: Innovation

What does it take to truly change the world? In The Wise Company, Hirotaka Takeuchi shares the practices that help leading companies turn knowledge into lasting breakthroughs.

Content: Article | Authors: Hirotaka Takeuchi, Kristen Senz | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Innovation, Organizational Behavior