Unleashing Innovations for Sustainability: An Indian Perspective
In this article, Professor Archana Patankar takes an overview of innovations for environment in India, with specific focus on innovative ideas, technologies and programmes in the water and energy sector. It also brings forth the fact that environmental/green innovations are absolutely necessary to move towards the sustainable development pathways.
The Basics of Creative Problem Solving – CPS
Creative problem solving isn't just brainstorming, although that's what many people may associate it with. It's actually a well-defined process that can help you from problem definition to implementing solutions, according to Jeffrey Baumgartner.
How to Manage in the Age of Turbulence
In times of global turbulence the role of innovation is more important than ever. InnovationManagement spoke to global strategist John Caslione who, together with marketing guru Philip Kotler, recently published their new book CHAOTICS: The Business of Managing and Marketing in The Age of Turbulence.
Collaborating Downstream in Emerging Markets
Not so long ago, internal R&D activities were considered one of the most valuable assets a company could have. The rather “outmoded” concept of closed innovation, in contrast to open innovation, was built on self-reliance and on the principle that successful innovation required control and secrecy.
Innovation and the hidden value of the primacy effect
People will remember the first and last times they interact with you. Use innovation to make sure each touch point is memorable and makes a good impression.
Innovating Products, Processes and Business Models in India
Over the past few years, innovation in India as a corporate theme has constantly gained importance, becoming a prerequisite for long-term success, or maybe even survival, due to the discontinuous pace of change of the environment. Thus, innovation has now reached for some companies as a corporate priority, affecting every single aspect of an organisation.
New research study discovers important dynamics of innovation and collaboration between networks
Researchers from Case Western Reserve and Temple University conducted an analysis of how innovations are created among multiple parties within a project at the Frank O. Gehry architecture firm. What they discovered is that networks of people and communities of interest are remarkably adept at creating innovations through an iterative process.
Saving the Climate is Saving the Business – Aligning Sustainable and Open Innovation
''Climate change is a result of the greatest market failure the world has seen. The evidence on the seriousness of the risks from inaction or delayed action is now overwhelming. We risk damage on a scale larger than the two world wars of the last century. The problem is global and the response must be a collaboration on a global scale.'' (Professor Lord Nicholas Stern, London School of Economics, at Royal Economic Society Manchester, November 2007, guardian.co.uk)
True Innovation – The Key to Success
“There are no quick fixes and no easy answers for succeeding at innovation” says Dr Robert Cooper, senior consultant to Fortune 500 firms and top scholar in the field of innovation management (PDMA) in an interview with InnovationManagement. “It’s back to basics – an aggressive innovation strategy that focuses your businesses’ R&D efforts; effective portfolio manage to pick tomorrow’s growth engines; a climate and culture that fosters innovation in your business; and a robust idea-to-launch system.”
Innovation strategy: Praise the behaviors you want to see
If you want to change the culture of the organization then one of the best ways to do it is to praise the behaviors you want to see. If you want your people to be more adventurous, more entrepreneurial and more innovative then make a point of singling out for recognition those people who are acting like that, says Paul Sloane.
Improvisation is an essential element of the new paradigm of work, says Jay Rhoderick
What does improvisation have to do with the needs of business today? Plenty, says improv expert Jay Rhoderick, who shares some practical strategies for using it to break out of our rutted thinking and generate new insights.
Successful Approach for Improving Innovation Management for SMEs
It's a well known fact that Europe's competitive potential is dependent on the capacity to be truly innovative and creative in launching new successful products and services. This can be a daunting challenge for many organizations, not the least for small and medium sized enterprises that often lack proficiency in innovation management. IMP³rove is an approach developed especially to meet the needs of SMEs to help them develop innovation management performance with sustainable impact.
Market Orientation Supports Innovativeness Over Time
We know that clusters of co-located firms play an important role in supporting innovation and wealth creation. Spatial proximity can allow firms to take advantage of scale and positive externalities such as access to skilled labour, specialized subcontractors and rapid flows of information. Shared history, trust, and common understanding of phenomena may also enhance cluster members’ ability to interpret, and learn from, each other’s strategies. Yet location in regional clusters in and of itself does not guarantee success.
Three levels of open innovation maturity
There are three levels of open innovation maturity: externally aware, fully integrated and ecosystem orchestration. Innovation and growth performance improve as maturity increases.
What is lateral thinking?
Lateral thinking is one of those terms that many people have heard of, but probably very few of us really know what it means. So when I saw a very clear definition and description of it in Paul Sloane's excellent new book, How to be a Brilliant Thinker: Exercise Your Mind and Find Creative Solutions, I couldn't resist sharing it with you.
Why open innovation alliances fail
One of the reasons why open innovation is so hard to implement is because you must open up your internal innovation processes to another organization. According to one innovation expert, you actually need to manage three sets of relationships in any potential partnership, which explains why it's so hard to create a successful open innovation alliance.
How to find potential open innovation partners
The world if filled with incredibly smart people. If you can locate them and convince them to partner with you, they can help to drive your open innovation efforts forward. Stefan Lindegaard shares several strategies for making that happen.
How to Avoid Open Innovation Failure
Make sure your internal innovation capabilities and processes are in order before you open up your idea and innovation strategy to the world.
Allocate Time for Innovation
One of the most common barriers to innovation is lack of time. People are just too busy doing their day job to spend time trying new things. Here are some common-sense strategies to help your people to be creative, from Paul Sloane.
Social Innovation – a Charity or Business as Usual?
Innovation in today’s business environment is a must. Opportunities for innovation can be a problem to solve, a demand to satisfy, needs to meet. However, increasingly inspiration for innovation does not come only from underserved or emerging markets, but also from the social sector.
Does your company have a process for nurturing ideas?
One of the most prevalent and dangerous misconceptions in innovation is that it’s all about coming up with ideas. So when companies catch the innovation bug, their tendency is to run off and immediately launch [...]
The Cave Model of Innovation
It is time to rethink the main drivers of innovation. The key activities for successful innovation are not just company research and participating in innovation systems. One activity that is just as important is skilful information search directed towards opportunities in the world outside the organizaton or innovation system. To understand this line of thinking, we introduce the cave model of innovation.
How to Create More Growth Through Disruptive Innovation
According to disruptive innovation theory, companies have the best chance of creating new growth through the introduction of disruptive innovations in the market. But what is it and how can firms be disruptive? And why do they fail to be disruptive? Learn more about disruptive innovation in this article by Gunjan Bhardwaj, head of Ernst & Young´s Global Business Performance Think-tank.
Challenges for Innovation in Network Markets
Markets can be quite hostile to new products launched, and in fact they refuse most new products. This hostility to new products can even be stronger in network markets, where all players are interconnected. Read more about the challenges to be addressed when you enter into network markets in this third article in a series of five by Gunjan Bhardwaj, head of Ernst & Young´s Global Business Performance Think-tank.
Innovation Strategy: Matching What is Possible with What is Needed
Corporate innovation has traditionally been driven from the technology side; from departments like R&D and engineering. It’s an approach that can be very successful. Indeed, it has often led to great breakthroughs. But if a company wants to win in today’s value-based economy, this is no longer the best way of doing things.