Does your company have a process for nurturing ideas?
One of the most prevalent and dangerous misconceptions in innovation [...]
How to Align Innovation with Your Corporate Strategy
For any corporate innovation initiative to succeed, it is important that it is aligned with corporate strategy. Jeffrey Baumgartner shares a simple three step approach to help ensure that this happens and to avoid common pitfalls.
Focus on Business Model Innovation and Increase Growth
There are many different types of innovation, but business model innovation shows the strongest correlation with increased operating margin. Focus on Business Model Innovation is the first in a series of five articles by Gunjan Bhardwaj, head of Ernst & Young´s Global Business Performance Think-tank. The topics of the other articles are: Disruptive Innovation; Innovation in Networks; Social Innovation; and the Impact of Location on Innovation.
2 frameworks for linking innovation and strategy
Describes a method for tying innovation efforts to the strategic framework of the firm
The importance of linking strategy with innovation
The importance of integrating strategy and innovation processes.
Be Careful: Downsizing your Workforce Downsizes Innovation, Too
There are two key reasons why downsizing is bad for innovation. Neither is immediately obvious, explains Jeffrey Baumgartner in this must-read article.
The Best Strategies for Dealing with Disruptive Innovation
What lessons can you learn about handling disruptive innovation? Author Jeffrey Baumgartner uses several examples from the photography market to highlight successful strategies for dealing with this increasingly common phenomenon.
Brainstorming Techniques for New Product Development
There are several ways to incorporate brainstorming into a new product development session. Here are two of the most productive techniques.
Need a great idea? Feed your brain
To increase the odds of coming up with a great idea, you need to feed your brain. Michele Pariza Wacek offers three strategies for keeping your creative muse well fed.