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.
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.
Innovation is a powerful tool, not only to create competitive organizations, but also to improve the daily lives of people in developing countries and emerging markets. Innovations can in many cases make a critical difference and contribute to empower people and make the world a more equitable place to be.
InnovationManagement spoke to Tony Ulwick, founder and CEO of Strategyn, Inc., and publisher of numerous articles on innovation management in the Harvard Business Review and the Sloan Management Review. What are his views on innovation management, what does he like about his job and what should the newly appointed innovation manager who is having a hard time getting the much needed support and buy-in from the top management do?
What has complexity science to do with innovation management? Quite a few things if you ask Dr. Curt Lindberg of Plexus Institute, NJ, the States. Complexity science is the scientific study of complex systems, systems with many parts that interact to produce patterns of behavior that cannot easily be explained by the behavior of the individual constituent elements. From a business perspective you can use it to better understand the importance of relationships and interactions to your innovation efforts.
Innovation is so important that most senior executives say that it’s integral to their company’s success. Because companies invest so much in it, getting a return is critical. Poor measurement practices result in bad or incomplete information, wasted resources, and a lower return on innovation investments. InnovationManagemenet asked James Andrew, senior partner of BCG and coauthor of the senior management survey Measuring Innovation 2009 a few questions about the importance of measuring your innovation efforts.
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.
Today’s business leaders view innovation as a means to fight the financial crisis, however a new European study by INSEAD and Logica warns that the link between the money spent and the final result is broken. Their findings show that the majority of business leaders commit substantial resources to innovation, but only nine percent use ROI as a measure of innovation. What’s more, the Nordic countries achieved the lowest rating when it comes to measuring and implementing innovation.
To promote innovation is a key issue at political, economical and professional levels and has become a critical effort across Europe. That´s why 13 European countries are currently collaborating to create a European standard that will provide guidance and good practices to beginners as well as a systematic method to strongly innovative companies. InnovationManagement.se asked Fernando J. Utrilla, Secretary of the committee about the work in progress.
The Innovation Value Institute (IVI) is a unique industry-academic open innovation consortium. IVI researches and develops unifying frameworks and road-maps for IT and Business executives to create more value from IT and better deliver IT enabled innovation.
The role of innovation in industry has changed. What used to be a closed and often secretive exclusive business of the R&D department is now being transformed to an open and collaborative eco system in many companies. InnovationManagement.se spoke to GBS Bindra, Global Innovation Director at Logica about the role of innovation.
Leading companies in Europe have abandoned their old and more or less closed systems, and are building new eco systems that include collaboration with academies, suppliers and sometimes even competitors to create more value for their customers. These companies are examples of a successfully managed innovation process.
A desire to act as a bridge builder between technology and people has taken him from Sweden to New Delhi where he now heads Ericsson ConsumerLab Asia Pacific, a unit within the Ericsson Group that gathers in, processes and analyses data on end consumer needs. Their surveys are based on a cross section of the world’s population in all parts of the world.
We are in the middle of a huge shift in our economy. According to Eric von Hippel, one of the hottest names in the area of innovation, that also includes a major paradigm shift, from closed manufacturer-centered innovation to an innovation system centered on “open” - intellectual property-free - innovation that is often developed by users. Manufacturers have to learn how to adapt their business models to this.
There is an urgent need to rethink the way firms innovate. We need to change from a manufacturer-active perspective to a user-active perspective, according to professor Nikolaus Franke of Vienna University. The Lead user method, Toolkits for user innovation and Innovation communities. These are three ways that firms can apply to benefit from users innovativeness and create better innovations and more value and growth.
