partnership

Strengthening Your Intra- and Inter-Department Partnership – The Welcome Side Effect of Design Thinking

Imagine a world where customer service, procurement, marketing, finance, operations, human resources, and sales can truly help each other and work together, instead of stepping on each others’ toes and pointing fingers. A world where all parts of the organizations work together with a shared sense of purpose, no matter how different their cultures, processes, and systems, have been in the past.

Global Expansion – The First Things You Should Consider

Taking an innovation, product or other service global has many advantages, but also throws up many challenges. Overcome the challenges and what you are likely to see is a more robust and profitable concern - but get it wrong and you are likely to incur some losses and potentially damage your business.

How to Get Your Innovative Idea off the Ground in the Current Economic Climate

Incredibly, business confidence in the UK is continuing to rise, despite the spectre of Brexit and its potential implications on citizens. Many experts have attribute this to the growth of the manufacturing sector, which recorded a Credit Manager's Index (CMI) score of 62.7 during the first quarter of 2017 and a 1.5% increase from the previous quarter. This hints at significant growth potential for product-oriented firms, which are currently able to increase exports due to a more competitively priced (and fundamentally weaker) pound.

Picking the Right Stakeholders for Open Innovation

What external stakeholder groups can you tap into to build value for your innovation initiatives? Are your relationships with these external stakeholder groups solid or do you need to do additional work to build good, mutually beneficial working relationships? Are there potential stakeholder groups that you have not yet tapped at all? If so, what is your plan for reaching out to organizations within these pools so that you can further expand your innovation ecosystem? Are your channels for communicating with your external stakeholders strong or do they need further work?

Intrapreneurs, Catalysts, Champions, etc: The Changing Needs Within Innovation Development

In part three of this series Anthony Ferrier considers why organizations are seeking ways to identify, engage and drive their employees towards innovative activities, with titles such as Intrapreneaurs, Innovation Catalysts, Innovation Champions, etc.

Lessons from Public-Private Innovation Strategic Alliances for SMEs

Strategic alliances are an effective way to provide diversity of resources and gain entry to new knowledge and markets. Large corporations have entered recently into alliances with public sector organizations to support innovation in SMEs, combining private and public policy agendas. This article looks into the structure and management of these strategic alliances, their strong practices and inhibitors and how they impact the different parties involved.

Enter the White Space – A Business Interpretation of Scott and Amundsen’s Race to the South Pole

The analyses and stories told about Amundsen and Scott’s fascinating and epic race to the South Pole are numerous. In this article I will try to make sense of the race in relation to the lessons derived in view of companies entering the white space[1] or aspiring to succeed with disruptive innovations. The lessons begin from using the holistic innovation management framework the Innovation Radar (IR) published in MIT Sloan Management Review in 2006[2].

Managing Innovation Through the Stress Points

Building innovation management as a discipline requires us to take a closer look at the hurdles innovative firms face as they develop new products, services and partnerships but also at how those firms integrate the learnings from making tough choices. Andrew Gaule takes a look at building innovation culture as we manage through the stress points.