Tag Archives | Innovation Strategy

Leveraging New Ventures for Innovation

As pointed out in a recent post, teaming up with startups provides an opportunity for established firms to drive innovation without risking major interference with their core businesses. Particularly, with regard to radical or disruptive innovation, investing in startup incubators, accelerators or corporate venturing increases the chance to get access to promising novel technologies and business models. On the other […]

Continue Reading · Comments { 7 }

Managing Innovation Portfolios – Part 2: Operational Portfolio Management

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 […]

Continue Reading · Comments { 0 }

Managing Innovation Portfolios – Part 1: Strategic Portfolio Management

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 […]

Continue Reading · Comments { 6 }

Innovation and Growth

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 […]

Continue Reading · Comments { 2 }

An Integrative Approach to Strategy and Innovation

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, […]

Continue Reading · Comments { 2 }

Key Issues in Innovation Management

This post was co-written with Tim Kastelle from Innovation for Growth.   What are the key innovation issues facing the business community right now? When we met up in person recently we had a great talk about this question. We’ve continued the discussion over email, and these are the four innovation management issues that we […]

Continue Reading · Comments { 1 }

Reconciling Organizational Improvement and Reinvention Through Social Business Design

This is the second part of a post co-written with Thierry De Baillon from Sonnez en cas d’absence. Read the first part here.   A striking change of focus in the social business arena occurred during the last five years. Despite the fact that Andrew McAfee’s original definition specified its scope as «within companies, or between companies and […]

Continue Reading · Comments { 1 }

Business Model Innovation as Wicked Problem

This is the first part of a post co-written with Thierry De Baillon from Sonnez en cas d’absence. Read the second part here.   We live in an age where emergent technologies continue to have massive effects on business and society. Rising complexity requires companies and economies to cope with increasingly interlocking systems. If we […]

Continue Reading · Comments { 2 }

The Future of Innovation is Open

Sustainable innovation requires evolution and revolution. Over the long term, organizations need to be capable of both moving along existing growth trajectories and creating new ones when the old business matures or stalls. This can be depicted as recurring movement along innovation s-curves. In the case of a new venture, acquiring lean start up skills […]

Continue Reading · Comments { 4 }

Evolutionary and Revolutionary Innovation

Triggered by a couple of recent discussions, I’ve been pondering for a while now over the question how evolution relates to revolution when it comes to innovation. In the following, I’ll try to develop my view on this. Let’s define  evolution as continuous and incremental innovations of a firm’s existing business. Whereas revolution can be […]

Continue Reading · Comments { 4 }