Innovation Strategy Archives - Page 8 of 16

Innovation Governance – How Well Does it Work?

This series of articles has explored the definition and scope of innovation governance as well as the different organizational models that companies typically choose to allocate responsibility for innovation. This last article will discuss questions linked to the perceived general effectiveness or inadequacy of innovation governance endeavors, and it will characterize the managers’ level of satisfaction or dissatisfaction with the various organizational models that their companies have adopted.

Ideascale2021-12-05T16:51:43-08:00May 16th, 2013|Categories: Leadership, Organization & Culture|Tags: Best Practices, company-wide innovation, decision making, goal setting, in-depth article, innovation champion, innovation champions, Innovation Culture, innovation governance, Innovation Leadership, Innovation Management, Innovation Strategy, Teamwork|

How to Shock Management into Rethinking the Business Model – Prove They can be Blindsided by a Fingerprint

Despite a detailed process with countless hours of work, and sincere efforts to take a longer-term, strategic look at where to play and how to win, many businesses fail to anticipate fundamental shifts that should cause them to rethink their entire business model. The results are often disastrous - too many businesses end up on life support. This article presents a new concept called “Competitive Fingerprints” that will allow readers to anticipate shifts and adapt their business model to capitalize on future market realities.

Ideascale2019-11-28T09:29:03-08:00May 15th, 2013|Categories: Strategies|Tags: business development, business model, Business Model Innovation, Change Management, Communication, disruptive innovation, Failure, how to, industry change, Innovation Strategy, risk management, Samsung, senior management, strategy, value proposition|

9 Different Models in use for Innovation Governance

Research from Jean-Philippe Deschamps, Professor of Technology and Innovation Management at IMD, indicates that there are at least nine possible models of innovation governance, some of which are more widely used than others. This second article in a series of three on the topic of Innovation Governance will review the various governance approaches or “models” that companies have put in place.

Ideascale2022-12-13T12:12:16-08:00May 8th, 2013|Categories: Leadership, Organization & Culture|Tags: Best Practices, Business Model Innovation, company-wide innovation, decision making, goal setting, in-depth article, innovation champion, innovation champions, Innovation Culture, innovation governance, Innovation Leadership, Innovation Management, Innovation Strategy, Teamwork|

What is Innovation Governance? – Definition and Scope

Innovation governance can be thought of as a system of mechanisms to align goals, allocate resources and assign decision-making authority for innovation, across the company and with external parties. In this series of articles, professor Jean-Philippe Deschamps delves deeper into this topic; what is innovation governance, what different models are there and which ones seem to be the most effective?

Ideascale2021-12-20T18:18:49-08:00May 3rd, 2013|Categories: Organization & Culture|Tags: Best Practices, budget, Communication, company-wide innovation, decision making, goal setting, in-depth article, innovation champion, Innovation Culture, innovation governance, Innovation Leadership, Innovation Management, Innovation Strategy, model, open source, roles, strategic partnership|

Getting a Better Return on Your Innovation Investment

In its latest Global Innovation Excellence Study Arthur D. Little provides hard evidence on which innovation practices separate top innovators from others within and across a wide range of industries. The study zooms in on the relationship between innovation success - based on impact of innovation - and innovation performance - based on a comprehensive framework which breaks down innovation activity into different areas and looks at adoption of best practices in each – and is available as an online toolkit. The toolkit is readily accessible and provides valuable feedback on innovation performance as measured against peers, including opportunities for improvement.

Ideascale2021-12-05T16:34:26-08:00April 22nd, 2013|Categories: Enabling Factors, Strategies|Tags: benchmark study, benchmarking, Best Practices, business intelligence, idea management, in-depth article, industry innovation, innovation excellence framework, innovation investment, Innovation Strategy, innovation success, innovation toolkit, innovation value, measuring innovation, performance, profit, research, ROI|

How to Emerge from Crisis by Knowing your Innovation Growth Opportunities & Competitors’ Strengths

Companies sometimes behave like the ostrich with their head in the ground while others emerge from the crisis like a phoenix. Not knowing with which new products or services your company really earns money is a bit like the ostrich. However there are effective means to gain transparency on innovation spending without too much effort. These tools also allow a comparison with your competitors to understand what they are doing differently in their approach to successfully managing their innovation activities. Finally, they help companies which currently struggle with the economic situation to become more effective and efficient in their innovation management.

Ideascale2021-12-05T09:40:52-08:00February 28th, 2013|Categories: Strategies, Support for SMEs|Tags: benchmarking, Competition, competitiveness, crisis management, in-depth article, Innovation Culture, Innovation Strategy, measuring innovation, portfolio management, project management, SME, strengths and weaknesses, transparency|

Why Bother about Innovation Strategy as SMEs?

There is discussion about how much effort should be put into developing an innovation strategy especially by small and medium-sized companies (SMEs). Aren’t many successful innovative offerings just a result of trial, error and finally good luck? Insights in more than 1,500 SMEs from the IMP³rove database demonstrate that strategic focus helps secure profitable growth by innovation.

Ideascale2021-12-05T09:33:09-08:00January 28th, 2013|Categories: Leadership, Strategies, Support for SMEs|Tags: Best Practices, case study, in-depth article, Innovation Management, Innovation Strategy, report, small business, SME, smes, sustainable growth|

Creating Innovation Value: Four Key Drivers to Success

The ability to increase business value through innovation is a critical success driver for most organizations. The markets that we operate in provide both opportunity and risk from an innovation perspective as they are rapidly changing. This article takes a look at a useful framework; The Innovation Diamond™, that examines the complexity and addresses some of the challenges in product innovation.

Ideascale2019-10-15T15:12:34-07:00January 21st, 2013|Categories: Strategies|Tags: brand loyalty, company culture, competitive advantage, framework, Innovation Culture, innovation diamond, innovation framework, innovation process, Innovation Strategy, innovation value, portfolio management, Product Development, product innovation, risk assessment, Success|

How to Deal with Innovation Management When You Are Small?

Innovation is frequently marketed as driver of growth and prerequisite for remaining competitive. However, the process is often risky, especially for small or medium sized enterprises in search of ways to successfully manage their new products, services or businesses in a systemic and stable manner. Luckily, tools such as the “A.T. Kearney House of Innovation” are available to lend an essential helping hand.

Ideascale2021-12-05T09:16:56-08:00December 19th, 2012|Categories: Leadership, Strategies, Support for SMEs|Tags: benchmarking, business growth, Business Model Innovation, competitiveness, entrepreneur, growth, in-depth article, Innovation Culture, Innovation Strategy, small business, smbs, SME, startup, sustainable growth|

The Seven Essential Characteristics of Innovative Companies

What makes a company innovative? Innovation is nothing more than a tool that enables companies to achieve unique, strategic goals. It should not simply be a slogan, nor an end unto itself, argues Jeffrey Baumgartner. To be truly innovative, an organization should have seven essential characteristics.

Ideascale2021-12-20T16:34:52-08:00December 18th, 2012|Categories: Leadership, Organization & Culture, Strategies|Tags: autonomy, Best Practices, entrepreneur, Failure, goal setting, goals, Innovation Culture, Innovation Strategy, innovative companies, inspiration, trust|

How Companies Tap the Potential of Innovative Users – Four Examples from Germany

Open innovation has found its way into companies’ innovation processes and is a widely used approach to spur collaborative innovation with consumers. A multitude of methods and tools have come into being, creating confusion about how to make the most out of users’ knowledge and creativity. This article provides innovation managers with insights into four popular open innovation practices at four German blue chips and contrasts the various approaches.

Ideascale2021-12-05T09:12:35-08:00December 4th, 2012|Categories: Enabling Factors, Open Innovation|Tags: case study, co-creation, Crowdsourcing, Employee Engagement, ethnography, europe, Germany, in-depth article, innovation champions, Innovation Strategy, innovative companies, lessons learned, netograpgy, Open Innovation, product innovation, social media, user innovation|

A Strategically-Focused Innovation Process

Many people assume that creating new ideas is the beginning of the innovation process, but actually that’s not true, according to Langdon Morris. He explains that ideation occurs in the middle of a disciplined, strategically-focused innovation process. In this article, he outlines an 8-step innovation process that promises better results than the traditional 'spray and pray' approach to developing and managing ideas.

A Simple Template for Choosing an Innovation Challenge

People who practice collaborative innovation envision a compelling future. They transform their communities, their organizations, and themselves by helping people realize their potential for leadership as they form and evolve ideas. Reality check: effective visionaries use pragmatic tactics to move from point A to B. In this article, innovation architect Doug Collins shares a simple template that practitioners can use to help sponsors of innovation challenges choose where to begin their journey.

Ideascale2021-12-05T09:09:28-08:00November 27th, 2012|Categories: Collaborative Innovation|Tags: Best Practices, collaborative innovation, decision making, diversity, efficiency, growth, how to, indecision, innovation challenge, Innovation Management, Innovation Strategy, prioritization, sponsor, template|

Preparing Ourselves for Innovation Standards

There has been a continued debate around finding and adopting a set of standards for innovation. I blow a little hot and cold on this - not dependent on the time of day but the very “force” that is pushing the agenda along. Far, far too many who push for standards often have very narrow agendas, where this fits their commercial purpose and you get the feeling that they are not as aligned to the broader innovation communities as they should be.

Ideascale2021-12-05T09:09:17-08:00November 22nd, 2012|Categories: Enabling Factors|Tags: community, europe, innovation drivers, Innovation Management, innovation standards, Innovation Strategy, policy, siloing, standard, trends|

Systematic Innovation and the Journey Towards a Unified Innovation Management Standard

As the need for systematic innovation deepens, establishing common innovation management standards becomes a precondition for sustained value creation in all organizations – longstanding or new, large or small, public or private.

Ideascale2021-12-05T09:09:07-08:00November 19th, 2012|Categories: Enabling Factors, Strategies|Tags: collaborative innovation, europe, Innovation Culture, Innovation Management, innovation standardization, innovation standards, Innovation Strategy, policy, public policy, systematic innovation|