Tag Archives | Collaboration

Digital Transformation: Dual Approach to Business Model Innovation

By on June 14, 2020

Recently, Karolin Frankenberger from University of St. Gallen gave a worthwile presentation, one chart of which neatly illustrates why Dual Innovation is essential nowadays: Digitally transforming a company calls for true ambidexterity, i.e. simultaneously succeeding on the S-curve of today’s business model AND that of the future business model which is supposed to eventually supersede […]

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Centralizing vs. Decentralizing Innovation

By on March 14, 2019

In the light of increasing demand for self-organization and organizational agility, there is a lot of discussion around centralizing vs. decentralizing ownership and decision-making – in particular when it comes to corporate innovation. Therefore, it might be useful to get back to ‘basics’, which have been well outlined by Hermann Vantrappen and Frederic Wirtz in […]

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Innovation is About Getting Beyond the Idea

By on September 2, 2018

Thomas Edison said it over a century ago: Genius is 1 percent inspiration, 99 percent perspiration. Unfortunately, no one listened. When companies launch innovation initiatives, they typically allot almost all of their time and energy to that initial 1 percent – the thrilling hunt for the breakthrough idea. The real innovation challenge, however, lies beyond […]

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Venturing Activities in Corporate Innovation: Types, Features and Success Factors

By on August 4, 2018

Corporate Venturing, i.e. corporate engagement in external and internal ventures, plays an evermore critical role in fueling the innovation engine of larger companies. Most of those activities have a non-incremental innovation focus in nature, commonly targeted at bringing about radical, yet sustaining opportunities to adapt/extend the current core business (e.g. digitalizing products, services or operating models) exploring novel disruptive opportunities (e.g. technologies, business models […]

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Dual Innovation Ecosystem Strategy: Broker vs. Orchestrator

By on August 3, 2018

Being faced with disruption and increasing pace of change, many established companies fail to keep up. They often turn out to be ill-prepared to innovate under uncertain and time-critical conditions. Rather than going it alone, some companies reach out to suitable partners with the aim to build up innovation ecosystems that complement the companies’ capabilities, competences and strategies. A decisive question is: What types of ecosystems […]

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Agile Innovation in a Nutshell

By on June 23, 2017

The notion of Agile seems to be on everybody’s lips these days. Studies have proven agile companies to generate above-average margins and revenues up to five times more often boost average innovation success rates to 39% from 11%, in complex projects even up to six times that of conventional approaches But what actually is Agile Innovation? Bain captures the essence in a […]

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Four Models of Intrapreneurship Innovation

By on June 15, 2017

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. But the litmus test is: How can established organizations build successful new businesses through corporate entrepreneurship, also referred to as Intrapreneurship, on an ongoing basis? This is also one of the key questions that […]

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Modern Dual Corporate Innovation Balances Defense with Offense

By on April 4, 2017

This is an excerpt of a post of mine, recently published at Haydn Shaugnessy’s journal “Hack & Craft”.     Modern Dual Corporate Innovation Management approaches encompass two complementary directions of impact: Transforming the Core (by largely changing or even disrupting the existing operating model) Creating the New (by largely changing or even disrupting the existing business model) With […]

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Aligning Organizations for Digital Transformation

By on February 3, 2017

To understand the challenges and opportunities associated with digitalization, MIT Sloan Management Review and Deloitte surveyed more than 3,700 business executives, managers, and analysts from organizations around the world. They have recently published their findings in a report, titled “Aligning the Organization for Its Digital Future“. Some key outcomes (quoted and depicted in an infographic) as well […]

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A Model for Integrative Innovation Management

By on March 21, 2016

In previous posts, I have shared my view on important cornerstones for successful innovation management systems. As pointed out several times, balanced and up-to-date innovation management requires organizational ambidexterity, i.e. the capability to explore novel offerings and capabilities while simultaneously exploiting existing ones. In the following, I would like to summarize and complement these thoughts by suggesting an innovation management model that may help organizations to innovate more […]

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