If you’re like a lot of people, your company is trying to drive innovation internally, with a workforce that wasn't really hired for that. It's a tough nut to crack, and the very reason we started Swarm Vision.
Common sense says that if one wants to improve the innovation output, one needs to either (a) increase the size of the opportunity set that goes in the so called 'Innovation Funnel' ; (b) Speed up the throughput of the 'Innovation Funnel' and/or (c) improve the variety of the opportunity set passing through the 'Innovation Funnel'.
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.
The role of innovation in industry has changed. What used to be a closed and often secretive exclusive business of the R&D department is now being transformed to an open and collaborative eco system in many companies. InnovationManagement.se spoke to GBS Bindra, Global Innovation Director at Logica about the role of innovation.
