Tag Archives: research

Companies Are Failing To Get Value From Innovation

Innovation is something that everyone says they want to do, but it seems increasingly clear that this desire is often rather superficial.  For instance, recently I wrote about a new study from Harvard Business School showing that innovation is rarely a top priority for executives.  Indeed, just 30% placed it in their top 3 issues to focus on in the ...

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You Don’t Have an Innovation Problem, You Have a Trust Problem! (Part 3)

In the first part of this article mini-series I demonstrated, based on my original research, that for innovation to exist, you must be able to create a culture of innovation, first. A culture of innovation exists when leaders give their employees autonomy, employees show accountability and are willing to try things (even if it means that they might fail), and ...

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How Universities Support Recombinative Innovation

The importance of recombination is something I’ve touched upon numerous times over the years.  Indeed, research suggests that innovations today are much more likely to apply an existing innovation in new ways than to invent something truly unique. The study highlights that 40% of all patents submitted throughout the history of the USPTO are refinements of existing works.  What is ...

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Let’s Get Real About Innovation Hurdles

This is a brief case study for meaningful & constructive conversations about why things aren’t working within our innovation efforts. — Quick intro I’m passionate about helping people take their best ideas to market, and I’m fully aware that ideas can come from anyone or anywhere. But to get to market is often a complicated process full of ambiguity and ...

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Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Five Innovation Lessons from 3M

3M is an iconic innovative company. Although mostly known for “sticky and scratchy things” (post-its and sandpaper), 3M have over 55,000 products, releasing 25 new products per week and had over 3700 global patents granted in 2016. Over 90,000 employees, 200 manufacturing plants and 86 labs are all focused on progressing 3M’s innovation agenda, but how do 3M maintain and ...

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