Asian companies are different from Western companies in their approach to innovation. A recent study has identified four generic elements of the Asian approach that might help any Western company think differently and to be more effective in their business creation. In this article Peter Hesseldahl gives a brief overview of the conclusions.
What can design really teach business leaders about how to run their organizations? And where does it fit into the ever-evolving lexicon around innovation? Nicole Chen sketches out the top four values that business leaders should adopt from design thinking.
Look at an example like Nokia and you can see the mobile device and services giant rapidly evolving different types of ecosystems around its devices, services and solutions – these are all ad hoc innovation platforms or ways to introduce the unplanned into corporate strategy. Ad hoc innovation is extremely important but a poorly understood element of change. Yet companies have been evolving complex ad hoc innovation systems for perhaps the past three years.
In times of global turbulence the role of innovation is more important than ever. InnovationManagement spoke to global strategist John Caslione who, together with marketing guru Philip Kotler, recently published their new book CHAOTICS: The Business of Managing and Marketing in The Age of Turbulence.
What does improvisation have to do with the needs of business today? Plenty, says improv expert Jay Rhoderick, who shares some practical strategies for using it to break out of our rutted thinking and generate new insights.
Robert Richman, Product Manager of Zappos Insights, says the most successful companies will be those that have people with the best ideas, and who can execute them most effectively.
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.