Four Innovation Predictions for 2011

For those of you who receive our newsletter, these predictions are the same ones we made in our December 2010 edition. For those who don’t know about the newsletter or our yearly predictions about innovation, please read ahead. Keeping with the publishing traditions that demand that most articles in December relate to a “top ten” list from the year just past or predictions about the near future, each year we boldly stake out several predictions about the future of innovation. Each year we also recap the predictions we got right, and wrong, from the previous year. For 2011, we’re making the following predictions about innovation: Ideas come from everywhere – “open” innovation is ubiquitous Experience is more important than product – the outcomes change from new products to new experiences Timeframes shorten – while organizations are getting better at generating ideas, the timeframe from idea to commercialization hasn’t changed. Creativity … Continue reading

Posted in Innovation | 4 Comments
When to Restructure

To restructure or not to restructure? That is the question that many a business is forced to ask at some point during their life cycle. The mere discussion of corporate re-engineering can cause fear, anxiety, and in some cases even panic. This is so much the case that some CEOs will avoid restructuring initiatives at all costs. There are even some business theorists that warn against undertaking complex restructurings because of the great risks involved. Continue reading

Posted in Leadership, Leadership & Infrastructure, Management, Strategy | 1 Comment
Open for Innovation Renovation in 2011

If only we could start 2011 and the new decade by putting up a “closed for renovation” sign clearing the way to transform our education, health care, energy, and economic systems. We don’t have the luxury. Tweaks won’t work and nothing short of systems transformation is needed. Our collective challenge in 2011 is to catalyze transformational change while continuing to pedal the bicycle of today’s systems. We need real-world platforms, connected to existing systems, with the autonomy and resources to design, prototype, and experiment with transformational solutions. Going to war with current systems won’t work. If we’re going to transform the next decade we should start by putting up an “open for renovation” sign. Have you ever done a major renovation of your home while you were still living in it? We did. I don’t know what we were thinking. I’m not talking about a …

Posted in Government, Innovation, collaboration | 1 Comment
Humanity's Next God - You?

In a recent article in The Economist, futurist Paul Saffo claims humanity’s overdue for a new god. He points out that throughout history, great new religions took shape during times characterized by uncertainty and social unrest, combined with an ability to spread compelling new ideas and world views virally. And here we are today, he says, equipped with the Web as our communication channel, and a cultural climate bubbling with that same potential for something new to emerge. The article ends there, with only an image of worshippers gathered around an iPad to suggest where we might be placing our faith next. It was just a prompt, but it’s made me wonder.. is this where we’re headed? Will the next “great” mythology be a story about how technology is going to save us? And can we do better? If a new zeitgeist were to capture the minds of billions, what … Continue reading

Posted in Psychology, Social Media | 1 Comment
Slow Moving Social Technology Not New

I came across a recent article Making Social Business Strategy Work posted on AMA and I forgot who wrote it because I didn’t want to know. The title is bad enough, but it managed to attract me to spend three minutes reading the article. The article was obviously written by a ‘consultant’ advocating that formulating a sound social business strategy requires understanding the key factors driving current market opportunity which includes the following: The changing nature of work. We have shifted to an “always-on” culture, where definitions of where and how jobs get done have radically evolved. Time-shifting, hoteling, and telecommuting are increasingly accepted as lifestyle choices, not just cost-cutting tactics. A shift to cultures of public sharing. Social psychology tells us that humans harbor a fundamental need to connect. In more analog times, the public display of this inclination was a 6,000-card Rolodex on an executive’s desk. Maybe two. … Continue reading

Posted in Innovation, Management, Social Media, Strategy | 1 Comment
5 Ways to Get Smarter on Open Innovation

I believe the best way to get smarter and acquire new knowledge on innovation is through articles and blog posts rather than reading books. It is just my experience that it works better both in terms of value and time spent. Let’s say you want to learn about open innovation. I would advice you to follow these five steps in order to understand what open innovation is and decide whether it is relevant for your situation. Sign-up for Twitter and get TweetDeck which is an application that helps you stay in touch with what is happening right now. Use the search function and enter the keywords you want to follow – in this case open innovation and perhaps also words such as crowd-sourcing or co-creation. This will give you plenty of leads on blog posts, articles and other insights worth reading. Your LinkedIn profile is an important part of your … Continue reading

Posted in Innovation, Open Innovation, collaboration | 1 Comment
All That is Remarkable About Innovation

Like many of you I participate in the social media world. That world has opened up new relationships and new sources of information for me that were completely unexpected. I’ve learned a lot from individuals on Twitter and Facebook and Linkedin, and I’ve become a real believer in the use of social media to support innovation. I was following a Tweet chat recently led by Boris Pluskowski in his new role at Spigit. Boris was interviewing the head of Allstate’s innovation program, who was talking about how the folks at Allstate deployed their innovation capabilities. Boris did a great job, and along with a number of folks on Twitter, commented on the factors that helped Allstate succeed at innovation. What was remarkable about the commentary was how unremarkable it is. This is not to say that Boris or the other folks who were Tweeting weren’t …

Posted in Innovation, Psychology, Social Media | 3 Comments