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Innovation & Institutions, Will it Blend?
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Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co.

Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co. | Innovation & Institutions, Will it Blend? | Scoop.it

The culture of innovation across the globe is more robust than ever. Here are 5 innovation trends excerpted from the full list of 12 from Fast Company's World's 50 Most Innovative Companies of 2014:

   

1)  EXCEPTIONAL IS EXPECTED   Google, the No. 1 company, did not land there for the range of its activities--despite the 29 achievements we list. ...today's smartest businesses tend to laser-focus on just a few goals; broad ambition can distract from the nitty-gritty required to turn goals into reality. Yet from Google Fiber to Google Glass to investing in new health technologies, Google executes at a high level repeatedly. That's why it tops the list.

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How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them.

    

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2.   INNOVATION IS EPISODIC   ....From breakthrough change at Philips (No. 50), development of LED lighting has been under way there for 50 years--and a specific 11-month deadline provided the essential innovative exclamation point.
     

3.  MAKING MONEY MATTERS
….great businesses are self-sustaining. Dropbox (No. 4) and Airbnb (No. 6) are darlings of the venture set, but they also charge real customers real money for a product with real value. Unlike …pre-2008 whose business models rely on advertising for revenue (Facebook, Twitter, et al.), these enterprises are transaction based--and are reaping the rewards.

     


5.  SUSTAINABILITY HAS FOUND A NEW GEAR
…Today, energy efficiency, alternative fuels, and recycling are core advantages for successful enterprises. Brazil's Braskem (No. 41), a $19 billion petrochemical giant, uses sugarcane rather than oil to create in-demand plastics. Levi Strauss (No. 30) produces more than 10% of its clothing with recycled materials, on its way to 100%. ....You don't have to own a Tesla (No. 20) to see the impact.


7. CONFLICT ISN'T REQUIRED
How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them. …DonorsChoose.org (No. 9) …avoidied unions and politicos by crowdsourcing direct assistance to teachers. Bloomberg Philanthropies (No. 2) uses data to answer questions other foundations aren't asking and SHoP Architects (No. 33) manages to both create cutting-edge designs à la indie firms and get them built at the appropriately industrial scale.


See the full list of 12 here.

 

Related tools & [posts by Deb:

     

        



Deb Nystrom, REVELN's insight:

These qualities are a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  Deb

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Deb Nystrom, REVELN's curator insight, February 26, 3:18 PM

This is a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  D

Richard Platt's curator insight, February 26, 11:43 PM

Pretty sure that I don't agree with some of what's on this list, but hey have a look, everybody's entitled to an opinion

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What It Takes to Be a Serial Innovator INSIDE established companies

What It Takes to Be a Serial Innovator INSIDE established companies | Innovation & Institutions, Will it Blend? | Scoop.it

"Researchers discuss the characteristics of people who successfully develop significant innovations in established companies."


Why serial innovators are fairly rare:  The low percentage make sense as the qualities needed are difficult to nourish in many corporate cultures.


Excerpt:


Serial innovators, whom the authors define as people who develop and bring to market at least two successful breakthrough products in an established company, are not all that common.


Griffin, Price and Vojak estimate that they represent anywhere from one in 50 members of an R&D and engineering staff at a smaller organization to one in 200 at a larger organization — and perhaps as few as one in 500 at most Fortune 200 companies.


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   ...willingness and ability to “cross the bridge,” ...taking on the organizational politics required to convince others ...of the value of their innovation

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Typical characteristics of serial innovators:

  

  • a track record of technical excellence (which helps them gain freedom to innovate within their organizations) and 
    
  • a strong focus on solving important problems for customers (which helps them choose commercially relevant problems to tackle). 
  
  • They also have a willingness and ability to “cross the bridge,” as the authors put it, from merely inventing a good solution to taking on the organizational politics required to convince others in the company of the value of their innovation. 

     

  • curiosity and 
   
  • systems thinking => integrate disparate data and information, creatively connect the dots in logical and powerful ways.

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