One of many good reasons for you to focus on your business model is that companies focusing on Business Model Innovation outperform their industry peers in terms of operating margin and total shareholder return. In this in depth article Marc Sniukas provides you with a framework to describe your business model in three easy steps; a process to start and drive Business Model Innovation within your company and an overview of tools and how they can be used in Business Model Innovation.
Involving suppliers in new product development provides organizations with a range of benefits, including shorter development time, better quality products, and lower cost of development. In this new in-depth article Dr Sanda Berar delves deeper into some of the best practices and the most common pitfalls associated with suppliers’ involvement in NPD.
As innovation is a necessity for any organization today, the ability to assess and measure the progress and impact of your innovation efforts might be a true source of competitive advantage. This in-depth article offers fresh experiences, best practice and insights from how a number of multinational companies within the MedTech, telecom and manufacturing industries are working with establishing and implementing innovation measurement programs.
Today’s University is a rich resource for companies seeking game-changing technological breakthroughs. In this in-depth article Melba Kurman looks at the benefits of open innovation partnerships between companies and American university researchers.
Are you effectively using the creative potential of your employees, customers and partners to address your innovation challenges? Collaborative idea management is a method to learn from the “wisdom of the crowd” in order to drive innovation. This in-depth article gives you an introduction including best practice from how Ericsson, the global telecom company worked with introducing and designing a successful collaborative idea management system.
Innovation is actually easy – when the corporate culture is supporting it. Unfortunately today many companies show ”excellent” practise killing the innovative spirit. In this new in-depth article Dirk Loop explores the opportunities every employee – not just executives and innovation managers – has to enhance a culture of innovation. He gives a brief overview on common weaknesses within corporate process frameworks and shows hands-on solutions.
For many companies being and continuing to be innovative is essential. But how can companies become ‘more’ innovative? Carmen Kobe & Ina Goller asked experts, consultants, and managers how they experienced successful improvement of innovativeness in their business life. Out of the interviews four interventions that are used to develop companies’ innovation capabilities could be extracted.
Transforming your firm in R&D innovation approach from a closed to an open one promises huge benefits. Increased agility and effectiveness, lowered risk and revenue growth through new products are some of them. In this In-Depth Article Frank Mattes shows how a firm can find the best approach to R&D-driven Open Innovation (Outside-in) based on the insights from a number of projects in this space.
Innovation doesn’t have to be a mystery. It can be organized and managed by people who are not, themselves, innovators. But management’s usual command and control tools are not sufficient for this task. Innovation emerges from a system whose behavior is non-linear. For this reason, management tools must be flexible and adaptive.
Radical innovation presents both a threat and an opportunity to firms. It has frequently turned entire industries on their heads. History shows us that large, successful firms may very suddenly become vulnerable when the underlying technology shifts. In this in-depth article Christian Sandström examines how radical innovation can be managed, despite the seemingly insurmountable problems created by the transition from one technology to another.
Many companies harbour narratives around overlooked opportunities that can come back to haunt them when it comes to attracting and retaining top talent. What can we do to develop the right culture? Kathy Mast explores.
This in-depth article provides you with fresh experiences and insights from how SCA, a consumer goods multinational company, has developed and worked with a new model for managing both incremental and radical innovation projects.
As already said so many times before; innovation is a necessity for any organization today. But how can you make it happen? In this in-depth article you will learn about an interesting approach to obtaining a huge innovation impulse, in addition to current innovation processes. The approach builds on semi-structured, physical get-togethers in which the principle of self-directness is paramount.
In this in-depth article Jackie Hutter, top IP Strategist and counselor to innovation driven organizations, writes about how to improve the ROI of innovation outcomes by including patent expertise in the front end of the innovation process. The article also includes managerial implications and guidelines for including patent experts in the front end of the innovation process.
Innovation communities are a new and vitally important focal point for innovation in industries where the enterprise has or needs extensive contacts with its supply chain, vendor partners of development communities. This ecosystem is an important source of practical and implementable ideas and by inviting contributions, the enterprise can also seed acceptance of change in the wider community.