Open innovation is a strategic game for big companies and one of the most important moves to consider for their innovation leaders is the allocation of focus and resources in the context of open innovation. Here we need to consider that big companies like GE, Cisco or Microsoft tend to...
When IBM recently polled 1500 CEOs across 60 countries, they rated creativity as the most important leadership competency. Eighty percent of the CEOs said the business environment is growing so complex that it literally demands new ways of thinking. Less than 50 percent said they believed their organizations were equipped to deal effectively with this rising complexity.
But are CEOs and senior leaders really willing to make the transformational moves necessary to foster cultures of real creativity and innovation?
Here are the six fundamental moves we believe they must make.
General Electric (GE) believes in restless innovation. They announced internally this summer a new significant research and development initiative, called: "The Next List'. It is a blueprint for the company’s R&D priorities for the next several years. In a great interview with Re/code's Arik Hesseldahl, GE's CTO Mark Little elaborates on the six themes GE will focus on:
Innovation is certainly flavour-of-the-month. But are UK manufacturers innovating successfully? More importantly do they really need to? Find out what 75 UK manufacturers identified as the key strategic challenges facing their business, and how you can tackle them head-on using the Five Golden Innovation Tips. You might be surprised…
To foster an environment of smart risk-taking, leaders should use guardrails, not handcuffs.
As business leaders, we devote plenty of oxygen to the relationship between positive cultural change and innovation. Everybody wants happy, fulfilled employees who execute intelligently and create value. But when a culture is being reshaped, the journey is just as critical as the destination. Through my work with companies around the world, I can attest to the uncertainty caused by the change process—even in the most ideal circumstances. When leaders aren’t prepared for this interim phase, they may unwittingly find themselves hindering progress rather than supporting it.
Fresh, new ideas are the currency of growth. Companies are best served when they nurture a culture of ideas. To do so, an enterprise needs to be that crucible where everyone feels safe enough to let his or her imagination soar and create the innovati...
Tony Hsieh, the phenomenally successful CEO of Zappos likes to say that, “your brand is your culture” and believes so strongly in preserving his that he offers new recruits $1000 to quit. Anybody who doesn’t fit in will happily take the money and run.
Juridisch advies per sms voor Kenianen en een rijdende tv-rechter die in Mozambique conflicten beslecht. Het zijn voorbeelden van succesvolle juridische vernieuwingen die via het platform Innovating Justice internationale aandacht krijgen. Voor de beste plannen is jaarlijks een lucratieve prijs te winnen. De website www.innovatingjustice.com is een platform met als missie het versterken van de […]
Crowdsourcing is often used as a means to generate funds for a small business, but what about generating ideas? Four experts share the benefits of harnessing the power of a crowd, and some tips for how to do it successfully.
An animated look at the innovation battle between upstarts and the establishment.
With the launch of this year’s Global Innovation 1000 study, Booz & Company’s annual analysis of R&D spending, the topic of innovation has been on my mind. As I combed through scores of innovation-themed multimedia pieces on the web, I was particularly struck by a bite-sized video on Harvard Business School Professor Clayton Christensen’s disruptive innovation theory, produced by Harvard Business Review (video embedded below).
Companies that rely on traditional project management methods could be getting an incomplete picture of their own vulnerabilities and opportunities.
I recently sat down with Winston to explore how companies need to think differently in these shifting circumstances. If a company is to survive, even thrive, in such turbulence, it must be willing to move past the significant (yet insufficient) projects that pay back quickly, he says. Companies must get radical, which means exempting some (though not all) investments from the requirements of the standard business case with a two-year ROI.
The word innovation appears frequently in advertisements, positioning statements, branding, marketing, mission statements and is used by most businesses and organizations in some fashion or form. But the question is how many businesses and organizations really make innovation a top priority? And how many businesses and organizations are truly good at innovation? One recent AMA/HRI study found that although most organizations say that innovation is a top priority, few companies are actually good at it. So, with that in mind, Your Strategic Thinking Business Coach offers the following list of twenty (20) tips to inspire and initiate innovation for you and your business.
To produce a climate of innovation that trickles down from the top, start by following this effective formula for leadership role modeling.
If innovation could be achieved simply through vision statements, press releases, or rally cries, we’d all be successful at it. But developing a strategy and mind-set that enables creative thinking to percolate takes much more work than that. At the core of every truly innovative organization is a leadership team that invests and actively participates in the process of coming up with new ideas. Instead of paying mere lip service to the concept, these leaders are role models who reflect the behaviors they want to see from their staff.
In this increasingly challenging business environment, innovation – or, rather, the ability to be innovative on a continuous basis – is the elusive big beast. To judge from the extensive library dedicated to the subject, you might think that the problem is a lack of ideas, a dearth of creative [...]