The Top Practices That Separate Great Leaders From The Rest
How do great leaders separate themselves from the rest? This article will examine how several excellent leaders, including Rich Teerlink and Steve Jobs, were able to inspire their teams, develop incredible products, and transform their companies.
15 Things Leaders Should Not Do – if They Want Innovation
We hear plenty of advice for leaders on what they should do to drive entrepreneurship and innovation in their organizations. It might be smarter to just stop making some of the common mistakes which inhibit innovation.
The Boring Parts of Digital Innovation, or 3 Reasons Why Testing Matters
When it comes to innovation in an enterprise setting, the majority of attention usually goes to all the exciting things. The bold ideas, the grand technological possibilities, the potential benefits of digital and structural transformation, the trailblazing.
Crowdsourcing Risk and Reward – How to Evaluate Options for Success
To be upfront about where we stand, yes - we are great supporters of tapping into the wisdom of the crowd for many pursuits – for citizen engagement, open innovation, or crowdfunding. That said, we realize that it’s important to be aware of the fact that there are risks to consider. This article is a response to the concerns raised by people we meet along an organization’s path of considering crowdsourcing to fulfill a particular need for their organization or their constituents.
The 7 All-time Greatest Ideation Techniques
Which brainstorming techniques should you use to attack your next innovation challenge? Here are the "super seven" that innovation consultant Bryan Mattimore says have the advantages of being easy to learn, flexible to adapt to different types of creative challenges and are diverse enough to deliver different types of ideas.
Balancing Innovation Via Organizational Ambidexterity – Part 1
Organizational ambidexterity is becoming a Key Factor for Success in many industries. With a proper ambidextrous set-up, firms can optimally balance radical and incremental innovation.This is part 1 of a 3-part article co-written by innovation-3’s Frank Mattes and Ralph-Christian Ohr from Integrative Innovation. In this article we are showing the need for organizational ambidexterity, introduce the concept, show how it can be implemented and provide two case studies from leading German firms
The Professional Facilitator as Innovation Catalyst
“Innovate or die,” heralds the Digital Age. The wise leader, mindful of the limits of the latter, embraces the practice of collaborative innovation as a way for their organization to pursue the former. Organizations, too, have professional facilitators on staff and on call. Working as an adjunct to the human resources function, they have remained largely absent from the dialogue around the practice. Innovation happens elsewhere.
6 Ways To Commit Innovation Suicide
When starting innovation, a lot of the same mistakes are made over and over again. Here is how you can recognize and avoid them.
Governing Innovation in Practice – The Role of the Board of Directors
Is innovation part of the governance mission of boards of directors? At first sight, the answer seems to be “no”. In this new series of two articles professor Jean-Phillipe Deschamps delves deeper into the specific role of the board of directors and that of top management in exercising their innovation governance responsibilities.
Innovation Governance – How Well Does it Work?
This series of articles has explored the definition and scope of innovation governance as well as the different organizational models that companies typically choose to allocate responsibility for innovation. This last article will discuss questions linked to the perceived general effectiveness or inadequacy of innovation governance endeavors, and it will characterize the managers’ level of satisfaction or dissatisfaction with the various organizational models that their companies have adopted.
How to Build a Lean High Performance Innovation Team
The world we live in is changing at a dizzying rate and sectors including energy, technology, entertainment, communications, finance, sports, manufacturing and engineering are all experiencing shifts on a seismic scale. Many of the innovative advances of the past ten years, from smart phones to digital cameras have become commoditised and creativity has become the currency of success. In this article author Matthew Griffin shows how large and small organisations alike can build lean, agile, high performance innovations teams and bridge any shift successfully.
9 Different Models in use for Innovation Governance
Research from Jean-Philippe Deschamps, Professor of Technology and Innovation Management at IMD, indicates that there are at least nine possible models of innovation governance, some of which are more widely used than others. This second article in a series of three on the topic of Innovation Governance will review the various governance approaches or “models” that companies have put in place.
What is Innovation Governance? – Definition and Scope
Innovation governance can be thought of as a system of mechanisms to align goals, allocate resources and assign decision-making authority for innovation, across the company and with external parties. In this series of articles, professor Jean-Philippe Deschamps delves deeper into this topic; what is innovation governance, what different models are there and which ones seem to be the most effective?
Getting a Better Return on Your Innovation Investment
In its latest Global Innovation Excellence Study Arthur D. Little provides hard evidence on which innovation practices separate top innovators from others within and across a wide range of industries. The study zooms in on the relationship between innovation success - based on impact of innovation - and innovation performance - based on a comprehensive framework which breaks down innovation activity into different areas and looks at adoption of best practices in each – and is available as an online toolkit. The toolkit is readily accessible and provides valuable feedback on innovation performance as measured against peers, including opportunities for improvement.
7 Tips to Speed Time to Innovation
This article delves into the goals every organization should work toward to boost product development performance, looks at how these goals further a product organizations ability to bring innovative products to market, and outlines the ways that a Product Portfolio Management (PPM) Solution helps companies reach these goals.
Do-it-Yourself Open Innovation: Start By Looking In the Mirror
To succeed in a fast-paced competitive global economy, small and medium-sized entities (SMEs) are increasingly adopting Open Innovation (OI) management strategies. A lack of resources, however, frequently requires SMEs to implement OI strategies on their own without the assistance of a management strategy professional. This article offers clear, do-it-yourself steps to initiate an OI program successfully within an SME.
How to Unseat the Incumbent
Incumbents. Everyone who isn’t one hates them and if they don’t already tease you enough from their ivory towers you just know that their lazy overpaid salesman is playing golf somewhere waiting for orders to drop into his inbox before he goes to the nineteenth hole. So how will your sales teams topple the golfer?
Better Living through Collaborative Innovation
Organizations big and small have begun to explore the practice of collaborative innovation as a way to increase engagement and to foment a culture of innovation. Let’s say you work for such an organization. What’s the quid pro quo when you find yourself part of the crowd from which wisdom is sought? In this article innovation architect Doug Collins wrestles with questions that you may want to ask the practice sponsors and yourself.
How a Decision Room Can Enable Change and Innovation
One of the challenges leaders face in times of uncertainty and rapid change is helping senior managers to engage in bigger-picture thinking. To enable this process, a growing number of companies are creating “decision rooms” – dedicated areas that help them visualize challenges and opportunities from a number of perspectives and make better decisions.
Breaking the ISE: Mashup for Innovation Success
Mash-ups are an innovation power tool. Most breakthrough innovations are the result of combining concepts or ideas that at first glance would have no relationship with each other. Finding the relationship between concepts often breaks new ground. This article delves deeper into the concept of mashups and how you can work with it to achieve innovation success.
Getting Out of the Commodity Trap – Part II
The basics of Prospect Theory by Daniel Kahneman tell us that we hate to lose 3 times more than we love to win. This mindset, probably deeply engraved in our DNA, has implications on the way we develop and brand our products as we are more prone to reduce the drawbacks we have relative to our competitors rather than to improve our advantages. According to Bengt Järrehult this leads to commoditization.
What’s That Smell? Skunk Works® Meets Collaborative Innovation
The front and back ends of innovation test us in different ways. At the front end we wrestle with, “What problem is worth solving?” At the back end we wrestle with, “How do deliver something that offers greater relative advantage than the next best alternative?” The back end can test us the most. We tap fully our potential for leadership to produce something new—something that, in its newness, disrupts the status quo. In this article, innovation architect Doug Collins explores the link between the Skunk Works®, a successful approach to the back end developed during World War II, in the context of today’s approach to collaborative innovation.
How To Become A Business Model Architect
Our first article in this series, titled “Include Business Model Review as a New Year Resolution”, described a method to reveal weaknesses in your business model. So, what do you do next after you complete your business model assessment and find weaknesses in one or more of its cornerstones? You find Value Accelerators (VA)™! VA’s are specific and market-proven ideas, assets or strategies that directly accelerate revenue and profit growth. This article discusses how to develop, assess and prioritize the best VAs to strengthen weaknesses in your business model. It also gives you a link to download an example of a scorecard to help prioritize the VAs.
Measuring Innovation part 1: Frequently Used Indicators
One of the most common questions people ask me is how I measure innovation when conducting my research. The question echoes an underlying concern about how innovation can be captured and adequately measured. In this article I delineate the most frequently used innovation indicators, their strengths, and their drawbacks.
The Supremacy of Innovation
Successful programs like TQM, Balance Scorecard and Six Sigma dramatically improve quality and performance. They are designed to rightfully calibrate the hard asset issues of production. There is a serious lack of three dimensional modeling for soft issues, like innovative thinking and the dimensions of the core vision itself enveloping all production issues. These image supremacy rules challenge current methods and offer checklists to assess the need of newer, softer and special agenda-centric approaches.
How to Develop your Innovation Management Consulting Business in Tough Times
Companies become increasingly restrictive in their consulting spending, especially during times of economic crisis, where the return on the investments on consulting services is questioned and carefully considered. Consulting in the area of innovation management is even more under pressure as it is usually much lower on the CEOs’ agenda than e.g. restructuring or general cost-cutting. Therefore, innovation management consultants face the challenge to develop their client base, be effective by providing the right recommendations and be efficient by developing these recommendations in as short a period of time as possible. Mastering such a challenge seems like searching for Columbus’ Egg in innovation management consulting.
The Persuasive Innovator: Influencing People to Collaborate
When you introduce the practice of collaborative innovation to your organization, you make the case to your colleagues that the approach will benefit them more than the status quo. Why might they agree with you? Why might they change their beliefs and behaviors? Have you developed your campaign of persuasion? Innovation architect Doug Collins shares his thinking on how you might influence people to share your beliefs about the benefits of the practice.
Making Ideation a Part of the ‘Innovation Project Machine’
Why is the way we work with ideation so different than the way we normally execute projects? This article argues that the two ways of working can be combined into an ‘innovation project machine’ that more effectively captures new ideas and executes innovation, inspired by agile project management and with learning for managers.