Sustainable Innovation: Balancing Inspiration with Execution

Inspiration. Creativity. Meaning. Purpose. Human-centeredness. These terms are at the forefront of the very lively discussion around what design can bring to business and innovation -- and they are extremely powerful. Nicole Chen asks if design thinkers have thought enough about their new role.

Recalibrating the Innovation Metrics System

In last week's IM article we looked beyond national innovation metrics at how in the French system innovation is stifled by education, culture and systemic factors. Can we recalibrate innovation through national policy? This weeks concluding article looks at how the policy makers should be redirecting their efforts beyond traditional measures.

What Can We Learn from National Innovation Metrics? France as a Case Study in Change

National innovation statistics are regularly produced to make some Government agencies feel good about themselves and others feel bad – but do they really tell us how to make innovation happen more easily? In the first of a two part series we see how the French example holds salutary lessons for companies and governments.

Is it Time to Rewrite the Innovation Playbook: Ten New Requirements in the Age of Hyperinnovation

In the world of hyperinnovation innovation itself is changing. In place of a monolithic R&D based innovation culture we suddenly have a proliferation of innovation approaches and new pressures on enterprises to innovate. Haydn Shaughnessy and Nick Vitalari argue the innovation playbook needs to be rewritten, and relabelled.

Changing How We Measure Up The Innovators

An EU benchmark of national innovation capabilities has the United States out in front with some European countries falling behind the emerging economies. The US Government on the other hand is deeply concerned about its innovation capability. Haydn Shaughnessy asks if the benchmarks give us a way to rethink innovation.

2021-12-02T07:54:36-08:00February 2nd, 2011|Categories: Report|Tags: , , , , |

Managing Information, People and IT to Improve Business Performance

How can companies acquire greater maturity in the use of information? Ground-breaking research reveals some answers. Following an ambitious program of “field” research – involving more than 1200 managers in more than 100 companies across 26 economic sectors and 40 countries – we at IMD have scientifically demonstrated a causal link between a company’s performance and its maturity with regard to its “information orientation” (IO)

Changing Mental Models to Make Innovation Work

We see a lot of programs being run in companies in the name of innovation. Of course some of the large corporations need to run innovation programs for name sake. They need some window dressing for analysts and industry observers lambasting the same for not being innovative enough.

Keeping a Constant Flow of Innovations at BASF

InnovationManagement recently spoke to Dr Thomas Weber, Managing Director of BASF’s Future Business, about what it takes for a large company to maintain a constant flow of innovation ideas and a spirit of enthusiasm to feed the pipeline.

Innovate to Thrive –The Importance of Inspiration

This is the first in a series of articles that take the need of Innovation under the loop and share some of the imperatives, must have’s if you will, to create and sustain “NEW” in business or organizations. The material is based on 25 years of hands on experience in the innovation space and the recently published book “Robert's rule of innovation”.

Measurement is Critical to Increase Return on Innovation

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.

Successful Approach for Improving Innovation Management for SMEs

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.

Nordic countries score very low for their innovation efficiency

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.

Standards for Innovation Management – a Helpful Tool?

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.

Lean Innovation Management for SMEs

The use of innovation management increases your operational margins. This was one of the key findings of a European study on Innovation Management performance within SMEs. The growth champions were reaching approximately 12% operational margins, an exceptional performance compared to the 5% operational margin of the average SME. In this article Dr. Dirk Balfanz and Dr. Bernhard Kölmel describe a lean and efficient approach to Innovation Management specifically targeted to the needs of SMEs.

Interview with Mark Turrell: How metrics are driving innovation today

Mark Turrell is CEO of Imaginatik, a developer of enterprise idea management applications. He has spent a lot of time researching innovation, investigating new business processes, new product development methods, and innovation metrics. He is truly one of the "deep thinkers" of business innovation. In this interview with InnovationTools founder Chuck Frey, Mark shares his insights on trends in the world of innovation.

2020-09-08T17:52:13-07:00November 9th, 2005|Categories: Interview|Tags: , , |