A study among US companies shows that employees of corporations are eager to be entrepreneurial. More than half of those surveyed (52 percent) have pursued an entrepreneurial idea within their company. But what they lack, is support from their management. Only one in five employees feels supported by their management to be entrepreneurial. Continue reading
What is Participative Innovation? And how does it intersect with Open Innovation with the Crowd? Continue reading
First, how do you bring diverse knowledge and insights into the organization to create these unexpected connections? Second, how do you ensure that the creative ideas generated are relevant to your business? Third, how do you support a business process that seems fuzzy and turn it into reproducible steps that invite broad contribution? Continue reading
Innovation without implementation is mere ideation. And buyer beware: this “mere” ideation can often be expensive, morale-killing, and potentially business-imploding. To prevent getting infinitely stuck in the ideation phase wasteland, remember that innovation typically doesn’t fail due to a lack of creativity but rather due to a lack a discipline. Continue reading
Does the Startup innovation strategy apply, in full or in part, to established organizations and business in other industries?
Although some strategy consultants may fancy the idea of every company in the world to get back to their startup age, I find it preposterous as well as unnecessary. It is in managing uncertainty where the old guys can learn valuable and interesting lessons from the young crew. Continue reading
For the innovation practitioner observing or, indeed, participating in this frenzy of shopping, two aspects of this period are worthy of additional investigation and can provide insights into the art of new thinking. Continue reading