Why Business Model Innovation Matters
Managers frequently rely on innovation to drive profitable growth. In many industries new products and services are fundamental. However, although product and service innovations are and have been important to firms for decades, competitive pressures and the search for increased profit have pushed business model innovation higher on the priority list.
How to Think What No One Else Thinks
How can you think of things that no-one else thinks of? The answer is by deliberately taking a different approach to the issue from everyone else. There are dominant ideas in every field. The innovative thinker purposefully challenges those dominant ideas in order to conceive new possibilities, explains Paul Sloane.
Don’t be a prisoner of your patents
A short case history that demonstrates the catastrophe that can result when technically and commercially superior innovations are ignored because of the desire to remain within the boundaries of a company patent.
How to define your strategy
The key element in developing business strategy is to define your intent. A company's intent could be to lead in some markets, and be a follower in another. A company can be a niche player, or a low cost leader, or the high value leader. Whatever the selection, it should be based on the desire to win and to determine what can be versus what is.
2 frameworks for linking innovation and strategy
Describes a method for tying innovation efforts to the strategic framework of the firm
The importance of linking strategy with innovation
The importance of integrating strategy and innovation processes.
Rethinking the role of HR as the Catalyst for Sustainable Innovation
With many companies downsizing, rightsizing and reorganizing lately, human resources is about as popular as bird flu these days. But savvy companies have a real opportunity to rethink the role of HR - into the engine that drives the cultural changes needed to achieve sustainable innovation, according to Rowan Gibson.
The impressionist’s approach to business creativity
Lessons on the competitive advantages of creativity can be seen from Google to Monet. Author Chad Cooper takes a scientific approach to how knowledge and experiences fuel creativity.
Innovation technique: Define your ideal competitor
Paul Sloane's new book, The Innovative Leader: How to Inspire Your Team and Drive Creativity, contains a fascinating innovation exercise that can help you to identify new opportunities for your business, and hopefully prevent it from being blindsided by an unexpected competitor. Here's how it works.
Innovation: A Leadership Issue
Creating a sustainable innovative environment is a leadership task. In order to succeed at this task, leaders must develop innovative abilities and develop them in their constituents. Here's how.
Personal Innovation: Seize the initiative to profit from change, uncertainty
How can you ensure that in turbulent times you not only survive an organizational restructuring but actually benefit by it? How can you maximize your chances in the change maelstrom? One way is to take a positive approach to change and to be seen as an innovative go-getter who will help make the re-organization a success.
Innovation: Creating the best practices of tomorrow
The best way to create value is to innovate your way ahead of the competition. You need to create temporary monopolies where yours is the only show in town. You can do this by harnessing the creative power of your greatest asset, your people. The goal is to turn them into opportunistic entrepreneurs who are constantly looking for new ways of doing business.