As outlined in earlier posts, organizations need to balance exploitation (i.e. development of existing business) and exploration (i.e. creation of new businesses) in order to thrive on the short and long term. The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities Established organizations with larger size usually target at extending their core business by incementally innovating [...]
Both Lean Startup and Design Thinking are promising approaches in order to target innovation. The Lean Startup concept is an appropriate choice for creating new businesses through development of an already existing idea or vision. Design thinking, on the other hand, might be preferred if the right business idea has not been found yet and customer needs or problems are still vague. Therefore, [...]
This is part two of a two-parts article co-written with Kevin McFarthing from Innovation Fixer. The first part can be found here. In our previous post, we discussed how Strategic Portfolio Management (SPM) ensures that the content of the portfolio is driven by innovation strategy and associated targets. We would now like to move on to [...]
This is part one of a two-parts article co-written with Kevin McFarthing from Innovation Fixer. The second part can be found here. Facing increasingly dynamic and unpredictable environments, firms are required to develop convenient innovation strategies, constantly adapt them to changing conditions and properly implement strategically-aligned initiatives throughout their organizations. Innovation portfolio management (IPM) can act [...]
PwC has released the 2013 issue of their Global Innovation Survey, titled ‘Breakthrough Innovation and Growth‘. One of the main outcomes is that there is a clear correlation between innovation and growth. 93% of the executives surveyed indicate that organic growth through Innovation will drive the greater proportion of their revenue growth. Only 2% of companies expect [...]
This is part two of a three-parts article co-written with innovation-3‘s Frank Mattes. In the first part we worked out why successful firms need to balance radical and incremental innovation. We introduced the concept of organizational ambidexterity as an appropriate way for simultaneously conducting exploration and exploitation, the two paradigms behind radical and incremental innovation. This second part [...]
Among others, Tim Kastelle (here and here) and Paul Hobcraft (here and here) have recently highlighted the increasing importance of business model innovation. A newly published report from the IBM Institute for Business Value confirms this point, the need for balanced innovation portfolios and some other key issues being outlined in a previous post. I’d like to summarize the main results [...]
This is part one of a three-parts article co-written with innovation-3‘s Frank Mattes. Organizational ambidexterity is becoming a key factor for success in many industries. With a proper ambidextrous set-up, firms can optimally balance radical and incremental innovation. In this article, we are showing the need for organizational ambidexterity, introduce the concept, show how it can [...]
In a previous post, I have pointed out the importance of diversity for innovation and organizational adaptability. Diversity is a crucial precursor to serendipity. In the Power of Pull, John Hagel, John Seely Brown and Lang Davison emphasize the rising need for serendipity: We need to find ways to attract relevant innovators and edge participants [...]
In my previous post I have stressed why an integrative approach to sustainable innovation management seems increasingly important to me. The main reason is, that modern organizations range in an environment of various tensions and continuous complexity. This situation requires structures, strategies and cultures to be in place that support dynamic balancing of opposing and complementary elements in the innovation process. Recently, [...]
- Integrative Innovation February 19, 2013
- Innovation and Serendipity May 23, 2013
- Integrating Lean Startup and Design Thinking February 1, 2014
- Balancing Innovation via Organizational Ambidexterity – Part 2 August 12, 2013
- Innovators Hold Strong Visions Weakly February 3, 2013
- Balancing Innovation via Organizational Ambidexterity May 29, 2013
- Managing Innovation Portfolios – Part 1: Strategic Portfolio Management September 21, 2013
- Evolutionary and Revolutionary Innovation February 3, 2013
- Innovation and Diversity February 3, 2013
- Innovation and Growth September 12, 2013
- Innovation Excellence | Balancing Large and Small Firm Capabilities: […] established firms to complement their in...
- Innovation Excellence | Balancing Large and Small Firm Capabilities: […] outlined in earlier posts, organizations...
- Innovation Excellence | Integrating Lean Startup and Design Thinking: […] merge these increasingly upcoming framew...
- Ralph-Christian Ohr: Thanks for your comment, Kimon - it's great to he...
- Ralph-Christian Ohr: That's a good point, Nancy. I agree with you that...
- Nancy shea: I agree that larger organization should partner wi...
- Kimon Tousmanof: Dear Ralph-Christian, First of all I would like...
- Gerardo: Me parece muy acertado el enfoque, normalmente la ...
- Ryan Wynia: ABC! Always Be Creating (value) I fear we're ...
- Ralph-Christian Ohr: Thanks for your kind feedback, Pavel - it's good ...
- Good post - RT @stevedenning: "No managers? No hierarchy? No way!" http://t.co/YdyaYciBfC Such phrases don't help dialogue. 4 hours ago
- ICYMI - RT @LeadershipABC Balancing Large and Small Firm Capabilities l Excellent blog post http://t.co/wlDpRevpMF #innovation #leanstartup 15 hours ago
- Happy to see this post has been taking off. RT @Accumi2 Lean Design Thinking http://t.co/cUF2tnbETK #leanstartup #designthinking 15 hours ago
- @BDoorn Well deserved Bart! 17 hours ago
- Insightful series from @Paul4innovating: Exploring Diffusion and Adoption of New #Innovation http://t.co/ekuqbPHZMR 17 hours ago
Recommended Blogs and Sites
- Innovation for Growth
- Irving Wladawsky-Berger
- Innovate on Purpose
- Paul4innovating's Blog
- Game Changer
- It's Saul Connected
- Sonnez en cas d’absence
- Innovation Excellence
- Innovation Fixer
- Innovation Management
- Steve Blank
- Yes & Know
- MIT Technology Review
- 3M Die Erfinder (german / deutsch)
- Andrew Hargadon
- Working Knowledge
- HBR Blog Network
- MIT Sloan Management Review
- ISEIC Blog
- Business Model Innovation
- I'm Not Actually a Geek
- Startup Lessons Learned
- Ash Maurya - Practice Trumps Theory
- Harold Jarche
- Gaurav Bhalla
- Business Model Innovation
- Unconventional Wisdom
- Inknowaktion (german / deutsch)