PMO is not a Dirty Word
Many product organizations have some type of Project Management Office (PMO), even if they refer to it by a different name. The PMO is a critical component to a successful product delivery, yet it often carries a reputation for being heavy-handed policy enforcers. When focused on the right things, the PMO plays a pivotal role in driving innovation process excellence and ensuring profitability.
Activities To Support Your Employee Intrapreneurs
In part two of this series looking at ways organizations can support intrapreneaurs, Anthony Ferrier suggests a list of strategies and approaches to improve the effectiveness of intrapreneurs in your organisation.
Como Implementar Modelos de Negócios Radicais
O sucesso na inovação em modelo de negócio radical exige que as empresas vão além da modelagem tradicional: ideias são apenas uma parte da equação da inovação. Implementação do modelo de negócio requer mudanças estruturais na sua organização; caso contrário, você só vai ficar emperrado com um belo modelo no papel.
How to Make Innovations Business Relevant
Innovations should clearly contribute to growth, optimization and protection of the business. However, CEOs often challenge innovations already at the beginning of respective discussions and huge amounts of ideas get lost, together with prospective business benefits. In this IM Channel One Roundtable Discussion we introduced EY’s way of utilizing innovation management to address the three most relevant board room challenges: top-line growth, bottom-line growth and business resilience.
Innovation Games: Going Beyond the Traditional Creativity and Analytical Tools and Methods
Innovation Games and its rapidly increasing applications are not anymore unknown concepts to innovation driven organizations. Either referred to software applications or other online and offline game methods, all its elements are powerful means for fostering workplace social intelligence and innovation practices. In the fifth of a series of articles focused on Innovation Culture, our attention is on the emerging business use of innovation games beating all the traditional creativity and analytical tools.
Fueling Your Employees’ Entrepreneurial Spirit: A New Approach to Intrapreneurs and the Value They Create
Cast your mind back, to pre-2008 times, when bright and bushy tailed graduates would come out of business school looking for roles in the relevant employers of choice. Generally those organizations were large businesses, providing incentives such as expensive dinners, a career advancement path and generous financial packages.
Overcommitting and Underutilizing Resources is Risky Business
Bringing innovative products, methods, and ideas to market requires companies to apply resources to their most promising concepts and that can be expensive, requiring lots of talent, if they want to be fast and first to market. The problem is that most companies overcommit their limited resources by approving more ideas than they execute. They do it because they lack a clear view into their resource capacity.
Creating the Optimal R&D Organization
Driven by the need to respond to global hyper-competition and the increasing clock speed of technological change, companies are relying heavily on their R&D functions to accelerate innovation while maintaining tight budgets. However, organizational structures for R&D in large international companies are often sub-optimal and act as a major barrier to performance improvement. In order to successfully optimize R&D’s contribution to business value, companies need to address the three key dimensions of structure, governance and process. From our extensive work with the R&D functions of leading global companies, we have identified eight imperatives to ensure a successful transformation across these dimensions.
What Could Possibly Go Wrong With Open Innovation?
Everyone understands the value and promise of open innovation in the business world – from brand awareness and customer engagement through to the search for fresh answers. But, truth be told, most programmes are failing to deliver results because their dynamics are too complex and the processes used are proving inefficient. A lack of relevance is also strongly affecting returns.
Working the Crowd – Don’t Get Lost
Utilising crowd led approaches to create value is increasingly familiar in both the literature of business comment and reporting and through our own experience. Crowdassets, as we refer to them, represent a profound and enduring source of innovation and we must adapt and respond to this opportunity. In the fourth of a series of articles focused on Innovation Culture, we are going to provide a more holistic view of the concepts as well as the means to embrace the growing opportunities presented by the crowd empowered ecosystem.
The Critical Lead Time to Eruption in Brainstorming Sessions
Dr. Stephen Sweid has conducted more than a hundred structured group brainstorming sessions in recent years, as well as many one-to-one discussion sessions as a consultant and trainer. He has observed a number of common patterns related to timing and evolution of the brainstorming process.
Usar Insights Globais para Impulsionar Inovação Local
“Inovação” tornou-se outra palavra da moda, usada majoritariamente por organizações para se distinguir dos concorrentes. Este artigo examina uma estratégia que os líderes locais podem usar para ser mais inovadores em seus mercados locais: explorar o mundo por tendências e insights e gerar insights e ideias que podem ser adaptados para impulsionar a inovação ao nível do mercado local.
Scale and Impact: Supercharging The Success of Your Innovation Efforts
How do innovation leaders access additional resources to enhance the scale and impact of their efforts across complex, global organizations?
How Your Organization Can Cash-In on the Latest Trends in Innovation
Innovation is such a hot topic of discussion that it can be difficult to determine the next initiatives to undertake to grow the maturity of your innovation program. In this enlightening webinar on November 12, 2014 we highlighted several innovation trends to consider implementing today for measurable results tomorrow.
Top 100 Innovators List Reveals Japan Surges Past U.S.
Which companies lead the world in turning creative ideas into protected, commercialized inventions? The IP & Science business of Thomson Reuters, the world's premier provider of intelligent information for businesses and professionals, answered that question today with the announcement of its fourth annual 2014 Top 100 Global Innovators list. The program honors the 100 most innovative organizations globally, as measured by a series of patent-related metrics.
Open Innovation Intermediaries: Are they valuable?
The success of Open Innovation hinges on many organizational aspects as we have discussed extensively on the MOOI forum in the past months and will continue to do so until the end of this year. From the beginning of next year, we will start co-creating our e-book on the Management and Organization of Open Innovation in a joint effort with the MOOI forum members.
New HR and Talent Partnerships to Drive Innovation Value
As the global economy improves, many progressive HR leaders are focusing attention on better leveraging innovative activities from across the organization. The resulting new level of partnership and support not only enhance existing employee focused metrics (such as employee engagement), but also align HR / Talent more closely with generating direct financial impact and growth to the organization. This whitepaper provides a high-level overview of how these new approaches can work and steps to consider before proceeding.
Elements of a Successful Innovation Roadmap
Countless articles argue: To remain competitive, companies need to consistently build their innovation portfolio. Value-oriented improvement and new developments must permeate the business. This article discusses a structured approach, known as a Rapid Innovation Cycle, which brings a repeatable process to innovation, empowering individuals to contribute more and organizations to look beyond themselves—all leading to a higher success rate.
The Future of Work – The Transformation from Within
Which companies are ensuring their place in the future? Definitely not those sticking to conventional models in work organisation or in structuring and running their businesses. As evolution teaches, the ability to adapt to environmental changes, such as the ones we experience in the corporate world, determines who has a better chance of thriving. So, is your company’s DNA set to evolve?
Oito Fatores Importantes sobre Gestão de Portfólio de DNP e P&D
Frequentemente, as tarefas momentâneas tiram o nosso foco do todo. Na gestão de portfólio de desenvolvimento de novos produtos (DNP) e P&D existem vários "dados" que podem parecer óbvios quando indicados, mas são muitas vezes negligenciados. Traga a sua atenção para estas oito formas experimentadas e verdadeiras de melhorar a sua gestão de portfólio e aumentar a sua produtividade de desenvolvimento de produto.
Fun and Games – Changing the World of Innovation Assessments
Innovation Assessment is one of the pillars of an innovation program. Evaluation should be done as an on-going activity and revised with the most valuable feedback gathered along the entire innovation journey. In the third of a series of articles focused on Innovation Culture, we are going to propose a different approach for Innovation Assessment that by offering a different user experience could increase awareness, engagement and elicit more valuable contributions from key stakeholders.
Beyond Tech and Elusive Geniuses – The Everyday Innovation Heroes
Apple, Google and General Electric success stories centre on groundbreaking characters and geniuses. But 99% of companies worldwide are unlike any of these. Most organisations are made up of people like you and me: reasonably proficient in innovation management but surrounded by innovation agnostics. People who can share with us the tough, yet stirring mission of pushing boundaries to shape a bit of future.
Should I Talk About My Co-creation Partners?
Research and practice have investigated firms’ benefits of co-creation with external stakeholders, such as more creative ideas, reduced development costs, and improved product quality. However, little is known about how consumers perceive products and their firms that communicate about such co-creation activities. Using two experimental studies, we investigated how consumers’ knowledge about the involvement of different types of stakeholders during the innovation process changes the adoption of new products.
Portais Corporativos de Inovação Aberta, Parte II: Dois Exemplos de Casos de Sucesso
Jos Tissen da Unilever, com sede na Holanda, e Shawn Heipp da Elmer’s Products, com sede em Ohio, EUA, têm algo em comum. Cada um administra o portal corporativo de inovação de sua empresa, o website utilizado para incentivar a submissões de soluções de tecnologia por clientes, fornecedores, inventores e empresas externos. Tissen e Heipp descrevem suas escolhas de implementação de portal e seus resultados até a data.