Category: Innovation Perspectives
This is the fourth of several ‘Innovation Perspectives’ articles we will publish this week from multiple authors to get different perspectives on ‘Should companies treat innovation management as a core competence? And if so, how?’. Here is the next perspective in the series: by Jose Mello How to create an innovation strategy that fits the organization needs and culture? Innovation management, for sure, is a core competence to be developed in all companies. It is the best way of creating sustainable growth and surviving in such competitive scenario. But how to create an innovation strategy that fits the organization needs and culture? First of all, the company needs to think about what is your motivation to innovation. The employees of a company won´t become more innovative just because their senior management wants them to be. It is necessary to identify what is your reason to innovate, a common reason that … Continue reading
This is the third of several ‘Innovation Perspectives’ articles we will publish this week from multiple authors to get different perspectives on ‘Should companies treat innovation management as a core competence? And if so, how?’. Here is the next perspective in the series: by Steve Todd Gary Hamel, in his book The Future of Management, provides a framework for changing a command-and-control culture to an environment of empowered innovation. His bottom line is that corporations need to innovate, but not only in the “new product” sense. They must innovate in their methods of managing employees! This means that corporations must manage their innovators using methods and processes that have not yet been created. Hamel outlines four types of corporate innovation areas that merit consideration: Operational Innovation: this type of innovation, “which is about how the work of transforming inputs into outputs actually gets done “(taken from CuriousCat), rarely leads to … Continue reading
Leveraging Your Constraints This is the second of several ‘Innovation Perspectives’ articles we will publish this week from multiple authors to get different perspectives on ‘Should companies treat innovation management as a core competence? And if so, how?’. Here is the next perspective in the series: by Mike Dalton Most companies reinvest (aka spend) anywhere between 30 and 50% of their net income in R&D. However, even with that level of spending, most CEO’s are dissatisfied with the return on that investment. Getting more out of that investment requires a core competence in managing new product innovation. Easier said than done, but knowing where the leverage points are can dramatically speed improvement. Here’s how the five focusing steps of Theory of Constraints can help in this process. 1. Identify your innovation bottleneck and its constraints. To increase new product profits and time to market, you need to identify the bottlenecks … Continue reading
This is the first of several ‘Innovation Perspectives’ articles we will publish this week from multiple authors to get different perspectives on ‘Should companies treat innovation management as a core competence? And if so, how?’. Here is the initial perspective in the series: by Ric Merrifield My growing fear is that innovation is on course to become the fad of the day in the same way quality was in the 90s. For those of who missed, or were too young for it, the quality movement, it was everywhere. There was a big quality award called the Malcolm Baldridge award that top companies did everything they could to win. The premise was that everything needed to he high quality and at the time as a young Accenture employee, it actually seemed to make sense. Why wouldn’t you want everything to be high quality? These days it’s really obvious to me why … Continue reading
September’s opportunity to contribute your Innovation Perspectives is now here. This monthly feature presents our loyal readers (320,000+ unique visits last month) with different perspectives on a single topic all in one place – from several different authors. It gives our innovation community the opportunity to compare, contrast and discuss them in the comments here on Blogging Innovation and with the 3,750+ people in the Continuous Innovation group on LinkedIn. Here is this month’s topic from Graham Horton for publishing the week of September 27 – October 3, 2010: — Should companies treat innovation management as a core competence? And is so, how? Thank you to Brightidea for sponsoring Blogging Innovation this month. Find out more about Brightidea here. The submission deadline is midnight GMT on September 25, 2010 Several contributing authors will be writing articles on this topic, but you are also welcome to submit an article. The process … Continue reading
Innovation Perspectives is our monthly feature to present our loyal readers with different perspectives on a single topic all in one place along with the ability to compare, contrast and discuss them in the comments here on Blogging Innovation and in the Continuous Innovation group on LinkedIn. August’s topic was: “What do you consider the most important single development in innovation methodology?” Drew Boyd – Voice of the Product Bob Donnelly – Customer Friendly Innovation Kathy Robison – Innovation From the Inside Out Mike Dalton – A Contrarian View If you would like to suggest a topic for next month’s Innovation Perspectives, or would like to contribute, please leave a comment or contact us. You can check out all of the ‘Innovation Perspectives’ articles from the different contributing authors on ‘What do you consider the most important single development in innovation methodology?’ by clicking the link in this sentence. Braden … Continue reading
