We can all see that global commerce has evolved, innovative excellence has advanced and entrepreneurialism has accelerated. Just to make things more interesting, all of this change happened extremely rapidly. But how about our own intelligence? Are we really smart enough for 2017 and beyond? Ambition encourages us to reach for success, so let’s test our own entrepreneurial intelligence to see if we’re up to the challenges of 2017.
“Core competences” are a major concept in managing innovations and technologies. In the era of Open Innovation, the established concept of core competence management needs to be updated. innovation-3’s Frank Mattes recently met with a group of 20 innovation / technology managers from leading firms to work out how this could be done – with the practitioner’s perspective in mind. In this article you will find the key results of the discussion.
When conceptualizing a new idea, it is essential to direct the thinking to specific dimensions and search answers to certain questions to help evolve the idea from the initial thought through the various stages of innovation. This article suggests a framework for conceptualizing an idea and helps develop an understanding of the dimensions and questions that you need to consider.
Realising the limitations of their own knowledge, and internal R&D capabilities, an increasingly high number of companies are currently making the decision of partnering externally to develop new technologies. Companies’ interactions with their business partners or even competitors are becoming more and more frequent.
I happened to learn about a new book by the legendary Charles Handy when I visited him a couple of months back at his home in Norfolk England ' the new philanthropists'. True to the title of the Book of probably Britain's most prolific management thinker (together written with his wife Elizabeth who is a portrait photographer), Charles talks about a new trend of successful young businessmen who don't only believe in giving money for just causes but by working on the spot with the needy so as to create a sustainable impact. He offers examples from entrepreneurs from South Africa, Ireland and Australia among others.
We hear often that smaller companies innovate better as they are more flexible, faster and creative as compared to larger organisations. This is all but half true. Its not the size of an organisation that decelerates the innovative pace-rather complexity. Hence organisations seeking sustainable growth need to find the balance between innovation and complexity.
Henry Chesbrough, the father of open innovation, was one of the key note speakers when more than 500 innovative minds met on a European innovation conference in Lund, Sweden. InnovationManagemenet.se asked him and some of the other participants a few questions.
Henry Chesbrough is known as the father of Open innovation. InnovationManagement.se asked him about the concept and how companies can benefit from working with Open innovation.