Top 5 Innovation Trends

Top 5 Innovation TrendsWhat is happening in the innovation community right now? In this post, I give a quick overview of the top trends and issues that I see based on the interactions I have had over the last month or so.

1. Intrapreneurship

How can we establish – or improve – programs that makes us better at identifying and developing ideas and let our own people (intrapreneurs) – turn them into revenue and profits?

I have had two requests on this within a few weeks after a long time with almost no focus on this. A new trend? Perhaps. It also comes with a new twist as some companies finally try to combine this with their open innovation efforts. Very interesting…

Check this article to get an idea of intrapreneurship programs: Driving Innovation In Large Corporations

2. Crowdsourcing

There is a lot of focus on crowdsourcing at the moment. I know of several journalists at big media outlets who work on crowdsourcing stories and corporate examples keep popping up all the time.

There is also much discussion on how to define crowdsourcing as this article, Definitions: Crowdsourcing vs. Co-Creation, gets into.

3. Brazil

This might just be me as I currently focus a lot on Brazil in relation to the upcoming Open Innovation World Tour, but it seems as if Brazil is really taking off with innovation.

One sign is that conferences and events are popping up including Conecta, Innovation Challenge Brazil and Open Innovation seminar with Chesbrough. I also hear from my local contacts that the government tries to get closer to business in order to speed things up even further.

4. Metrics

I have just had several interactions on this timeless – and difficult – topic. The interest on metrics will go up and down as companies try to find their approaches and answers on this.

Personally, I believe metrics can be useful as well as misleading so a suggested approach depends a lot on the situation and the company (their focus, processes and values)

Here are five links that might give you new insights or inspiration on metrics:

  1. http://www.roundtable.com/conferences-workshops/Metrics09
  2. http://events.roundtable.com/PDmetrics/PDm_ART_Mackey_Current_State.html
  3. http://www.15inno.com/2010/03/15/howtomeasure/
  4. http://www.15inno.com/2010/03/26/howtomeasurepart2/
  5. http://www.business-strategy-innovation.com/wordpress/2010/02/innovation-metrics-of-leading-companies/

5. Peer-to-peer learning

I am involved in several conferences and one key topic for the organizers is to find the right combination of keynotes, talks, panels and facilitated sessions in which the participants create the content and discussions themselves.

This makes sense as corporate innovation directors and managers seem to be quite interested in peer-to-peer learning sessions.

This list is based on my current interactions in the innovation community. What do you think? What do you see happening?

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Stegan LindegaardStefan Lindegaard is a speaker, network facilitator and strategic advisor who focus on the topics of open innovation, intrapreneurship and how to identify and develop the people who drive innovation.

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3 Responses to Top 5 Innovation Trends

  1. Robert says:

    Stefan:

    I really enjoyed this post, specifically your point on Intrapreneurship. I was recently talking with someone who works at RedHat and how they encourage this very activity (although they didn’t use this term).

    Also, Brazil’s innovation may come from its youth…recently saw a youtube video (Did you know? sort of thing) and one deck said that Brazil’s population is at 153 million with 70% being 30 yrs-old or younger.

    Thx for sharing!

    -Robert

  2. Hi Robert,

    Thanks for the tip on RedHat. I will try to look into this. Yes, Brazil is quite interesting…

    Stefan

  3. Pingback: #Innovation posts of the week: Innovation is not creativity | Game-Changer

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