The Explosive and Profitable Growth of Infosys
As we look for models of corporate success, the European and North American management establishments need to become much less ethnocentric and more curious about Asia’s ascending actors. This article takes a closer look at the success of a Bangalore-based firm in global outsourced IT services. Infosys is a striking example of successful, rapid, profitable growth.
Stand Out from the Competition by Stepping Back
Now that you have successfully developed an innovative new product or service, how do you stimulate market demand? Your customers are overwhelmed with the number of product and service choices that exist in the market today and the volume of marketing messages that bombard them. It is estimated that the average American is exposed to hundreds of advertisements a day and this number is only growing. The only way to stand out from the competition is to step back and establish a clear and credible point of distinction.
The Need for a New Product Development Process
This is the third part in a series of articles that take the need of innovation under the loop and share some of the imperatives, must haves if you will, to create and sustain “NEW” in business or organizations. This article focuses on the new product developing process.
International Co-operation: Seek Interference, Not Interaction!
“We welcome your visit, but only if you are prepared to enter meaningful collaboration immediately!” This is the message that the Innovation Unit of the Central Denmark Region distribute to our international colleagues – and it seems to work. A case of breaking the paradigm of co-creating in the public sector.
How to Leap over the Shortcomings of Traditional Group Brainstorming
Brainstorming can be effective if it is performed properly. In this article, Jeffrey Baumgartner explores some of the weaknesses of traditional brainstorming and explores several potentially fruitful alternatives.
To Focus Employees on Innovation, Align Their Goals and Compensation
The ability to deliver new value requires systemic evolution in business strategy, culture, organizational design, and customer awareness. Employees can and will deliver new customer value, but the way they are paid and directed must change first and then the results will follow.
Achieving Success in the Fuzzy Front End Phase of Innovation
Activities in the front end of the innovation process are often difficult to anticipate, overview and perform. Yet they are critical to successful outcomes of the innovation process. In light of a growing managerial interest in the front end, this article identifies key success factors for managing the front end, balancing acts which innovation managers need to address, as well as key contingencies affecting front end activities. Proficiency in the front end is indeed no easy task, but will have an enormous positive impact on performance for those firms that succeed.
Is Corporate Venture Dead? Is Open Innovation the New Thing?
Once upon a time, we had many corporate venture units that invested in external projects as well as in internal projects from the corporate groups that they belonged to.
Report from Integro Innovation Lab
InnovationManagement.se was invited to participate in an innovation lab conducted by the Chair of Technology and Innovation Management (TIM), School of Business and Economics of the RWTH Aachen University. Read more to find out about their recent studies and key points from professor Frank Piller, globally acknowledged expert on user innovation and Open Innovation, mass customization and continuous/incremental vs discontinuous/radical innovation.
Reshaping Strategy: Exploring the Content, Process and Context of Strategic Innovation
In this book review Paul Hobcraft looks at “Reshaping Strategy: Exploring the Content, Process and Context of Strategic Innovation” a book by Marc Sniukas, published at VDM Verlag.
Scott Anthony on Innovation Management
This week InnovationManagement spoke to Scott Anthony, leading innovation expert, author and Managing Director of Innosight Ventures. Learn more about what he finds inspiring in the field of innovation management, what can be improved, and finally what projects and challenges he is currently working on.
Creativity is key to organizational and individual sustainability, says Annalie Killian
Creativity is not only essential to the sustainability of organizations, it's also key to individual health and happiness, points out maverick woman Annalie Killian.
Embrace Mistakes as a Source of Learning and Invention
How does your company deal with mistakes? If continuous learning from your employees, innovation and even breakthrough innovation are important to you, it is critical you embrace mistakes, at least as sources for learning and invention.
The Future Role of Innovation and Innovation Policy
Since 2009 we have been suffering a serious global economic crisis and the situations in most small countries, including Denmark, has been very difficult due to growing unemployment and unsustainable public finance deficits. This crisis has occurred at a time of structural problems related to an ageing population. InnovationManagement interviewed Bengt-Åke Lundvall, Professor in the Department of Business Studies at Aalborg University, on the role of innovation and innovation policy in this context.
Rethinking the Financial Drivers in Innovation Culture
Recent reports in the Harvard Business Review question the efficiency of the traditional Silicon Valley venture capital innovation funding model and more emphasis is now being placed on how to manage the innovation process in a low finance environment. In this article we look at one grass roots movement that is providing a model for creating the widest possible innovation culture, at the same time bringing this new innovation management thinking into the mainstream.
Braden Kelley on Innovation Management
This week InnovationManagement spoke to Braden Kelley - innovation expert, consultant, author and tremendously popular blogger. Learn more about his perspective on innovation management and even get a sneak peak into his new book.
The other side of innovation
In this week's book review Ellen DiResta looks at The Other Side of Innovation: Solving the Execution Challenge, by Vijay Govindarajan and Chris Trimble, two faculty members from the Tuck School of Business at Dartmouth, published by Harvard Business Review.
Structuring Companies for Innovation and Operations
The appropriate structuring of companies is becoming more and more relevant as a mechanism for managing and enhancing their innovation capability. This article explores the concept of the Viable Systems Model (VSM) of Stafford Beer as a tool to better structure organisations for effective innovation and efficient operation.
Stepping off the Hamster Wheel: How to Stay Creative even When You’re Insanely Busy
At precisely the time when leaders need creative managers, we're all so overworked that we don't even have time to think. Here are some tips to help you counteract the forces of 'mass distraction' and cultivate your creativity.
Vision, evangelism and innovation
What does it take to keep innovation going in today's turbulent times? One strong possibility is a compelling vision that transforms employees, partners and customers into evangelists for your cause.
Embrace Collaboration and Co-creation: They are here to Stay!
Diversity of usage and increased exposure are sure-fire indicators to determine whether a particular business practice is destined for faddish despair, or for more enduring glory. Using these indicators, the new and emerging platforms of marketing and innovation - customer collaboration and co-creation - are here to stay. Though still in the early stages of growth and adoption they are fast becoming mainstream business practices, as the following examples illustrate.
Use co-creation to drive public sector innovation
Creating new solutions with people, not for them, can help drive radical innovation in the public sector. By focusing on citizens’ own experiences and resources, co-creation can help identify truly valuable services. Public managers should embrace co-creation to deliver better services and outcomes at less cost.
Strategically Engaging Your Organization
Strategic management today must focus not only on meeting short term targets and budgets but also on building an organization prepared to succeed and lead into the future. This is obvious, you may say. But how is this simple reality reflected in how we strategically lead and engage our organizations? Read more in this article by IMD Professor Thomas Malnight.
Developing an Innovation Toolbox
InnovationManagement spoke to Alexander Osterwalder, sought-after author, speaker, workshop facilitator and adviser on the topic of business model design and innovation. Find out more about his views on innovation management, what projects he is currently working on, and why big organizations should enable their creative innovators.