The Secrets to Making Open Innovation Projects Work
Open innovation often requires global teams with national culture differences to work together, which presents some challenges. Here’s how to navigate them.
How to Select Your Best Value Innovation Project – The Secret is in a Well-Managed Product Project Portfolio!
Innovation is on everyone's lips as a solution to post-COVID economic recovery. The world of innovation has a very broad definition: It’s often referred to as an information technology innovation... but our worldwide economy is still very reliant on manufacturing. How you select your best innovation project is undoubtedly a starting point!
Why Let Others Disrupt You? Take the Smart Self-Disruption Journey!
In a time when uncertainty reigns, the fear of being disrupted can brutally hurt any business. Responsible leaders who dare to anticipate disruption and take steps to self-inflict it to their organization in a smart and controlled way are best positioned for the future.
The Constant Tension Between Managing Innovation vs. Managing Risk
Managing innovation is a big role that puts a lot of weight on the shoulders of management teams. Depending on how much a company cultivates an innovative culture and environment, innovative ideas either go through chains of command, or are workshopped in specific departments.
Managing Risk and Shortcuts for Project Managers
Project managers are often dealing with loads of stress coming from all fronts, such as the pursuit of deadlines. Pressed by senior managers to deliver, project managers may find themselves resorting to risky shortcuts to make ends meet. Here are some ways to manage these risky shortcuts in project management.
Risks of Incremental, Differential, Radical, and Breakthrough Innovation Projects
From incremental to breakthrough innovation projects, managers need to handle different activities and with them dissimilar venues of risks. In this article the internal, external and hidden risks of incremental, differential, radical, and breakthrough innovation projects are identified and ranked accordingly. In addition, for every category a general innovation eco-system has been analyzed.
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.
Clues to Innovation Risk Management
In today’s societies where science and technology are becoming more and more important, risk is seen as inevitable. At the same time risk has negative connotations and creates anxieties. It must be managed in order to achieve desired goals and for companies to survive. But how can you do that? Read more in this article that gives you some clues to innovation risk management to achieve sustainable innovation.
Strategies for Evaluating Radical Innovations
A rigid idea evaluation process can prematurely kill radical innovations. Here are some strategies to prevent this from happening from Jeffrey Baumgartner.