From manufacturing to accounting: in every sector, organizations sooner or later declare themselves ‘innovative players’. Sad but true: as a mantra for businesses far and wide, ‘innovation’ too often becomes a catchphrase devoid of meaning. So let’s break it down and get back to the nitty-gritty: what is innovation exactly, and why should you care about the word’s core meaning?
This question has baffled many executives for quite some time. Management tries to replicate the special event or circumstances that created a successful innovation project but often fails. Companies have created positions such as Chief Innovation officer, innovation teams, and organizational strategies that promote innovation through diversity, team dynamics, and social networking. However, failure rates of 90% are common when innovations occur due purely to chance. What distinguishes whether an innovation is hit or miss?
Forget the buzzword, what is true innovation? How should it be used and how does it affect our everyday lives? Harvey Briggs takes a critical look at how the concept of innovation is used today, and what it should be.
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.
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 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?
Innovation is very much the word of the moment. We hear it used in science, the arts, in politics, in society, and often for good reason. For example, the creation and building of the European Union, is one of the most innovative – and indeed frustrating – processes in history. So what actually is innovation? Read more in this article by IMD professor Georges Haour, IMD, one of the world's top business schools.
Managers frequently rely on innovation to drive profitable growth. In many industries new products and services are fundamental. However, although product and service innovations are and have been important to firms for decades, competitive pressures and the search for increased profit have pushed business model innovation higher on the priority list.