strategy

Managing Innovation Portfolios – Operational Portfolio Management

This is the second of two articles, co-written by Ralph-Christian Ohr and Kevin McFarthing. In our previous post, we discussed how Strategic Portfolio Management (SPM) ensures that the content of the portfolio is driven by innovation strategy and associated targets. We would now like to move on to Operational Portfolio Management (OPM), where the portfolio directs resource allocation, metrics and reporting on an operational and tactical level. The link between the two is shown in Figure 1 below.

Ideascale2020-03-30T12:24:57-07:00October 11th, 2013|Categories: Strategies|Tags: adaptability, Best Practices, case study, execution, in-depth article, innovation, Innovation Management, innovation portfolio, Innovation Strategy, long term innovation, organizational ambidexterity, portfolio management, project management, short-term innovation, strategy|

Imperatives for an Effective Innovation Governance System

In this article, the final in a series of six, Professor Jean-Philippe Deschamps, discusses the imperatives for an effective innovation governance system. Innovation performance is often not directly dependent on the type of governance model used. Rather, innovation performance reflects the strength of top management’s commitment and engagement, and the credibility, skills and energy of the actors who under take the governance mission.

Ideascale2019-10-15T15:16:43-07:00September 30th, 2013|Categories: Leadership, Strategies|Tags: Best Practices, company-wide innovation, decision making, goal setting, in-depth article, innovation champion, Innovation Culture, innovation governance, Innovation Leadership, Innovation Management, Innovation Strategy, strategy|

PharmaX, the CEO’s Dilemma and Open Innovation – Part 2

In the first installment, Gordon the newly appointed CEO at Pharmax is confronted with an innovation gap of 5 years. Certainly, the potential of the portfolio is high, but the risks are even higher. With market pressure breathing down his neck, Gordon tries to make sense of the options that he has and make the right decisions.

Ideascale2020-04-01T11:50:07-07:00September 18th, 2013|Categories: Open Innovation, Strategies|Tags: case study, CEO, chemical industry, innovation portfolio, Open Innovation, pharmaceutical, portfolio management, Problem Solving, R&D, risk management, strategy|

Managing Innovation Portfolios – Strategic Portfolio Management

Facing increasingly dynamic and unpredictable environments, firms are required to develop convenient innovation strategies, constantly adapt them to changing conditions and properly implement strategically aligned initiatives throughout their organizations. Innovation portfolio management (IPM) can act as the pivotal tool to translate strategic objectives and priorities into project-based innovation activities. Furthermore, it provides a framework to convert raw ideas into real investment opportunities, based on their risk profile.

Ideascale2021-11-16T13:48:05-08:00September 16th, 2013|Categories: Strategies|Tags: adaptability, Best Practices, case study, execution, in-depth article, innovation, Innovation Management, innovation portfolio, Innovation Strategy, long term innovation, organizational ambidexterity, portfolio management, project management, short-term innovation, strategy|

Open Innovation – An Integrated Tool in Siemens

“If Open Innovation is not seen as a long term capability building exercise then it will fail”. In this interview Thomas Lackner, Head of Open Innovation and Scouting at Siemens Corporate Technology, shares some of his experiences and how Siemens has evolved on the open innovation front. Thomas, who has been personally involved in many of Siemen’s innovation programs, also elaborates on some critical success factors that strongly influenced the outcome and quality of their programs.

Ideascale2020-03-30T12:09:24-07:00September 5th, 2013|Categories: Interview, Open Innovation, Strategies|Tags: culture, Innovation Culture, Innovation Management, Interview, interviews, Open Innovation, platform, strategy|

Balancing Innovation via Organizational Ambidexterity – Part 2

In the first part of a 3-part article series innovation-3’s Frank Mattes and Integrative Innovation’s Ralph-Christian Ohr worked out why successful firms need to balance radical and incremental innovation. They introduced the concept of organizational ambidexterity as an appropriate way for simultaneously conducting exploration and exploitation, the two paradigms behind radical and incremental innovation.This second part shows some best practice examples of how the most innovative firms are setting up organizational ambidexterity.

Ideascale2019-11-28T07:59:45-08:00August 12th, 2013|Categories: Organization & Culture|Tags: ambidexterity, best practice, Best Practices, business development, business model, case study, in-depth article, incremental innovation, innovation, Innovation Management, Organization, organizational ambidexterity, radical innovation, strategy, X Adaptability|

How to Innovate: The Innovation Process

Many people assume that creating new ideas is the beginning of the innovation process, but actually that’s not true. Ideation occurs in the middle of the disciplined innovation process, which we present in this chapter.

Ideascale2021-12-05T17:22:26-08:00August 8th, 2013|Categories: Serialized Book, The Innovation Master Plan|Tags: funnel, innovation portfolio, innovation process, metrics, portfolio management, research, serialized book, strategy, The Innovation Master Plan, the innovation master plan book|

How to Assess your Organization’s Capability to Innovate

In today’s rapidly evolving world the ability to create new value and the ability to be innovative is now more important to an organisations survival than at any other time in our history and the ability of organisations to assign the right level of resources in the right manner is a critical to creating a successful innovation practise.

Ideascale2019-10-15T15:15:04-07:00July 8th, 2013|Categories: Strategies|Tags: competitive advantage, innovation, Innovation Culture, Innovation Management, innovation process, innovation quotient, innovation toolkit, resource management, strategy|

Balancing Innovation Via Organizational Ambidexterity – Part 1

Organizational ambidexterity is becoming a Key Factor for Success in many industries. With a proper ambidextrous set-up, firms can optimally balance radical and incremental innovation.This is part 1 of a 3-part article co-written by innovation-3’s Frank Mattes and Ralph-Christian Ohr from Integrative Innovation. In this article we are showing the need for organizational ambidexterity, introduce the concept, show how it can be implemented and provide two case studies from leading German firms

Ideascale2020-03-30T12:07:52-07:00May 29th, 2013|Categories: Organization & Culture|Tags: adaptability, ambidexterity, Best Practices, breakthrough innovation, business development, business model, case study, in-depth article, incremental innovation, innovation, Innovation Management, innovation portfolio, Organization, organizational ambidexterity, Product Development, radical innovation, strategy|

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|

How to Build a Lean High Performance Innovation Team

The world we live in is changing at a dizzying rate and sectors including energy, technology, entertainment, communications, finance, sports, manufacturing and engineering are all experiencing shifts on a seismic scale. Many of the innovative advances of the past ten years, from smart phones to digital cameras have become commoditised and creativity has become the currency of success. In this article author Matthew Griffin shows how large and small organisations alike can build lean, agile, high performance innovations teams and bridge any shift successfully.

Ideascale2019-10-15T15:13:28-07:00May 13th, 2013|Categories: Strategies|Tags: Best Practices, Communication, Creativity, Employee Engagement, Failure, HR, in-depth article, Innovation Culture, Innovation Management, innovation team, leadership, lean innovation, performance, strategy, Teamwork, trust, vision|

Asian Aviation Takes Off

While most of the world’s airlines and markets suffer low growth rates, Asia stands out with growth rates of 9% in 2012. Asia is one of the most competitive aviation markets with 75% of routes serviced by 3 or more carriers. Seven of the ten busiest global air routes are in Asia.

Ideascale2019-10-15T15:13:28-07:00May 10th, 2013|Categories: News, Trend Alert|Tags: air travel, asia, aviation, china, strategy, travel, trend|

A Hitchhiker’s Guide to Open Innovation in Corporate Venturing

Although plagued with mixed opinions that are influenced by mythology surrounding the investment industry, corporate venturing is finally resurfacing as an important component of the corporate innovation toolbox. As companies reassess the contribution that corporate venturing can make to their innovation objectives, it is critical that the fundamentals of corporate venturing are understood. This article addresses a number of important points to consider when applying corporate venturing in a global innovation strategy.

Ideascale2019-11-28T07:58:21-08:00April 24th, 2013|Categories: Open Innovation, Strategies|Tags: corporate venture, corporate venturing, deal flow, direct investment, financial industry, indrect investment, innovation toolbox, investment, investment industry, Open Innovation, strategy, Technology, vc, venture capital|

In Loving Memory of Traditional Strategy

Traditional Strategy, the dominant model of doing business for nearly half a century, is fast becoming a thing of the past, pushed aside by the fast-moving forces of social business - which include innovation, collaboration and co-creation.

Ideascale2021-12-05T09:40:28-08:00February 22nd, 2013|Categories: Life Cycle Processes, Strategies|Tags: Business Model Innovation, business strategy, inspiration, strategy|

Playing to Win Means Being Willing to Lose

Inspired by Susanna Bill’s post regarding the importance of vulnerability for innovation, I was reminded of an eye-opening story from the book Sway by the Brafman brothers. This story may explain why we retrospectively look at what we have done and ask ourselves “how could I be trapped like that?” It also applies to companies that have an ambidextrous innovation strategy that incorporates both the “play-to-win” approach and the far more common “play-not-to-lose” approach.

Ideascale2021-12-05T08:27:17-08:00October 9th, 2012|Categories: Innovation Psychology, Strategies|Tags: IoT, psychology, risk management, risk-taking, strategy|