More Innovation for the New Year

2013 saw a lot of exciting development within the field of innovation management. A growing number of companies are realizing that innovation management is not “nice to have”, but rather a “must have”. And it is a discipline that can be learnt. This is also reflected in the launch of a growing number of high quality online training programs as well as attempts to create a standard for innovation management.

Once again it’s that time of year when you might reflect on what has passed, and look forward to what’s to come in the year ahead. For Innovation it has been the most exciting year since we started in 2009, full of hard work and also very satisfying because of all the positive reactions we receive from around the world, as well as the steadily growing number of visitors.

2013 has seen an increased awareness for the need for knowledge about how to manage innovation and treat innovation management – not as something random that might happen if you are creative enough – but as a discipline that can be learnt. This is what we hoped for back in 2009 when we first launched – and now it has become a reality.

This change in perspective became very obvious while working with the Executive Market Report: The compass for Managing Innovation, based on surveys and interviews with more than 500 innovation management vendors as well as in-depth interviews with experts in the field. For example, according to Scott Anthony, Managing Partner at Innosight, innovation is no longer a nice to have it´s a must have:

“Given the pace of change in the market, innovation is a necessity. There is a common frustration that investment in innovation feels hard to measure and hard to manage. A decade ago, people would say IM is an oxymoron, innovation is random, it just kind of happens. People recognize now that it is a discipline”

In conjunction with the above I would also like to mention the work initiated by the European Commission back in 2008 now has lead to an approval of the first European technical specification that indicates how to develop an Innovation Management System.

Increasing demand for Online Training

During 2013 launched a number of collaborations with providers of high quality online training. One example is the Apollo Group Inc., which launched Innovator’s Accelerator, an online learning program created by the world’s leading innovation experts—Clayton Christensen, Jeff Dyer, and Hal Gregersen—giving emerging leaders the tools and techniques they need to become innovators.

Examples of other collaborators are Stanford University and the Stanford Innovation and Entrepreneurship Certificate, the program will teach participants essential skills and effective strategies for working in and managing innovative organizations – and for starting new ones. Last but not least is HYPE Innovation and HYPE GO! Ready-program which is an online training concept to help business leaders tap into the collective insight of their chosen target community, using their own case studies and actually creating a real campaign.

MOOI – creating new best practice on how to manage and organize Open Innovation

Another exciting project that was launched during 2013 is the MOOI Project, created in collaboration with professors Henry Chesbrough, Wim Vanhaverbeke and Nadine Roijakkers. MOOI is an online community of OI-professionals who want to collaborate in discussing, structuring, and qualifying best practices of “Managing and Organizing Open Innovation”.  It offers a platform to bring open innovation management one level up by examining, in a structured way, a new management challenge each month during one year. The insights developed around each management theme will be summarized in an e-book, to be published mid 2014.

New design – adapted for mobile platforms

As is turning five years old in January 2014 we will celebrate by launching a new design for the site. The new site will be adapted for mobile platforms because we see a strong increase in visits from mobile devices. We will also introduce a new design of our newsletters; our goal is to bring you applicable knowledge in an easy and accessible way and at a frequency that is convenient for you. We don’t only want to focus on the fact that innovation is a must, rather address how to accomplish this.  That’s what we are doing and will continue to do. Before the challenges of the New Year we are taking a break – to relax and recharge, and we hope that you can do the same.

Wishing you and your loved ones a festive and joyful holiday season and an innovative New Year!

By Lars Andersson

About the author

Lars Percy Andersson, CEO & Founder, is an international entrepreneur with over 30 years of experience in business development. He is an Economist by profession who has extensive management training from IMD in Switzerland and holds a Bachelor´s degree in Behavioral Science and Psychology. Prior to staring up he was Senior Vice President of Mediaring Inc., one of the world´s leading IP telephone companies. After 10 years building and developing Mediaring, the management team took the company to IPO at the Singapore Stock Exchange as the first Internet technology company in 1999. His innovation management experience includes that of Senior Consultant. He was responsible for executing a major innovation programme for multinational companies in the food and clean tech industry. The program’s success garnered the Company and himself several awards, including on from the Swedish Ministry of Agriculture.

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