Corporate Innovation Managers Exchange Best Practices

We may be on the cusp of a whole new way of tapping the creative problem-solving potential of large companies, and finally making the phrase “idea management” a reality. This was Robert Tucker’s reaction to spending a day participating at an idea exchange of what he calls here “innovation managers”, although the work these people do in their respective organizations…
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Avoid These Mistakes in Launching an Innovation Initiative

Recently Innovation Resource had occasion to return to a large financial service company that operates in multiple countries and has multiple divisions. They had assisted the company in launching an innovation initiative in 2000, and their efforts to derive revenue growth via innovation continue after several years of turbulence in their market environment as well as numerous changes in leadership.…
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Is Innovation the Next, New Thing?

This from the Newsletter “Tucker On Innovation” August 2004 – Part I. Visit the website at http://www.innovationresource.com The predictions many of us made about innovation becoming the next big thing appear to be coming to pass – even more rapidly than expected. Think back to a year ago when the global economy was in the tank, and a hunker down…
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Innovate or Stagnate

Companies that rest on their laurels often wither and die but those that are always improving their products or services will thrive. Without innovation any business is going to become stagnant. You just can’t rest on your laurels and wait for something good to come along. You have to do something to make sure this happens. Innovation is an ongoing…
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See Differently

The post talks about a set of guidelines on how to see differently. Listen to the radicals Embark on journeys of discovery Look across disciplines Question the routine Recognize the barriers Practice flying upside down Destroy the old model Envision multiple futures From the Innovation Weblog – Permalink
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Innovation in Germany

Innovation should be every manager’s duty Innovation is returning to center stage after being pushed to the wings over the past three years, during which time German companies focused mostly on cost-cutting. Innovation management is now considered as an important lever for more growth and is therefore high on the agenda of German managers. Today, systematic innovation management is considered…
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Institutional Innovation Pathway to Growth

With “innovation” the watchword, China today is bent on pressing ahead with overall reforms. “To cross the river by feeling the stones” has proved a successful development approach which has conformed well to the country’s realities these past 25 years. However, challenges are mounting as the country deepens reform efforts to address many underlying and emerging institutional problems. The robust…
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Want to Innovate?

It may look like black magic but there is a lot of discipline and thought behind innovation.Leaving nothing to chanceInnovation is often associated with serendipity (the faculty of making happy discoveries by accident). The image of the scientist stumbling upon something at his lab, alone, is too anecdotal an approach to how innovation happens.Shake up status quoInnovation inherently focuses on…
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Olympic Innovation Scorecard

This from Adam Bostock @ Acro Logic and the if++ The Innovation Forum http://www.acrologic.co.uk/if++/ Use this score card every few months, and plot the results on a graph. The Olympic Innovation Aim is to keep increasing all of the scores. The gradient of the graphs indicate how dynamic and innovative your organisation really is. Note that each of the above…
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Tracing Origins of Innovation

Everyone’s had an idea just pop into their head, seemingly out of the blue. Ever wonder how that happens? Scientists are putting on their thinking caps to figure it out. Dan Steinberg, 18, is a study volunteer in a research project about insight. “That’s this flash of inspiration when we’re trying to solve a problem, and you just don’t know…
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India and Innovation

Arindam Banerji has been writing a Guest Column on Rediff.com on “Can India produce billion-dollar innovation?” It is a four-part series and the fourth part will come out tomorrow, that is 13th August 2004. Some interesting portions are excerpted below – this is from parts I, II and III. I have also added the links to all the four parts…
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Evolutionary Approach To Innovation

Reproduced from: FastCompany Innovation Station Need to kickstart your innovation practices, processes, and production? Take a hint from the world of biology and consider how evolution — idea Darwinism — can help inspire change and creativity.Can biology teach us anything about innovation? The essence of Darwinism is that progress is created by adaptation to changed conditions. What starts as a…
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Edward De Bono – Creative Organizations

From the e-newsletter Management Intelligence Where does your organization stand? Quiet Life A new idea is a distraction and a disturbance. The idea may fail. So just don’t have any. Me-Too Let someone else develop the new idea. Let someone else carry the development costs. Let someone else develop the market. When the idea is seen to be successful then…
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Diagnostic For Disruptive Innovation

Complete Article: HBS Working Knowledge You have three potential innovations, but resources to develop just one. Here are diagnostics to help you make the best decision. From Strategy & Innovation newsletter. A brief follows: Customer diagnostic This diagnostic assesses customers in order to identify “disruptable” market segments. Conducting this diagnostic involves looking for signs that specific customer groups either are…
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Innovation Brings Jobs

The key to U.S. economic success is innovation. The reason the US has stayed ahead of the rest of the world, despite globalization and growing competition, is it tends to have the best ideas – and the United States continues to be a magnet for people from around the world with the best ideas. And the US will only be…
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Innovation Disruption

The 90-Day Plan CIOs should monitor both their own and surrounding environments for signals of disruptions. This requires training, infrastructure changes, and some difficult analysis. Recognizing precise signals that indicate disruptive developments can help CIOs predict important market changes. First month: Identify training requirements Many of the concepts of disruptive innovation appear counterintuitive. Therefore, institutionalizing its use as an analytical…
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