SME

  • designing-your-innovation-portfolio

    Designing Your Innovation Portfolio

    May 11, 2015 | By: | In: The Innovation Formula

    The process of designing and developing your own innovation portfolios occurs as a series of steps that are described in a sequence because the output of one step will help you to think about the subsequent ones. The process builds towards design conclusions and decisions about the choices you’ll have to make, and then the investments that will back them up. In this chapter excerpt, Langdon Morris walks us through the process.

  • innovation-formula_managing-risk

    Managing Risk with Your Innovation Portfolio

    May 7, 2015 | By: | In: The Innovation Formula

    Probably the single greatest threat to most small businesses is “concentration risk,” also known as “keeping all your eggs in one basket.” In this chapter excerpt of of The Innovation Formula Langdon Morris discusses innovation portfolio design, and how it translates the goals and intents of your aims and strategy into a set of risk-managed innovation projects.

  • elements-of-the-innovation-formula

    Elements of The Innovation Formula

    April 23, 2015 | By: | In: The Innovation Formula

    In the first chapter of The Innovation Formula for small business leaders and entrepreneurs, Langdon Morris explained the importance of questions and maps that describe competition, change, the future, innovation and strategy that are intended to help you understand the significant forces that are shaping business today, and to harness the ones that are already shaping tomorrow. In the second chapter, we look at a third core element that this book is organized around, which is the innovation formula.

  • the-innovation-formula-sme-serialized-book

    Innovation in the SME and Entrepreneurial Context

    April 21, 2015 | By: | In: Support for SMEs, The Innovation Formula

    Innovation is as important for small business as for large ones, but most of the books and other writings available focus on the big firms. In his new book The Innovation Formula, Langdon Morris provides insights for the small business leader or entrepreneur about how to be fantastically successful at innovation even with very limited time and capital to invest.

  • Business

    4 Ways To Encourage Innovation In Your Startup Business

    March 18, 2015 | By: | In: Strategies, Support for SMEs

    As the market becomes saturated, it becomes difficult for many businesses, especially startup enterprises, to stay on top of their competitions. Technology has paved a way for firms to revolutionize their marketing and management strategies. Another tried and tested way to infiltrate their specific markets successfully is to inspire innovation within their offices, from employees to their brand. 

  • innovation-mid-size-companies

    Driving Innovation in Middle-Market Companies

    January 21, 2015 | By: | In: Organization & Culture, Support for SMEs

    For those of you who read my articles on a regular basis, you will know that I tend to focus on driving innovative activities and cultures within large, corporate organizations. Today however, I would like to focus on the value of innovation to growing, mid-market companies. For the purposes of this article I will consider mid-market companies as anywhere from 300 – 3,000 employees. This is just an arbitrary number, but it provides context for our discussion.

  • shutterstock_175340078

    Developing a Strong Eco-System Which Drives Innovation

    May 14, 2014 | By: | In: Strategies

    Innovation policy is about the challenge of contributing to the wide objectives such as employment, sustainability and economic growth. How to approach such a task? The answer is simple but the effort complex: Aim for a strong innovation eco-system. Referring to the case of the IMP³rove Euromed Project the article suggests four systematic steps on how to establish an effective, innovation inducing eco-system.

  • A paradigm shift for SMEs: Leveraging sustainability as a driver for innovation

    A paradigm shift for SMEs: Leveraging Sustainability as a Driver for Innovation

    November 27, 2013 | By: | In: Strategies, Support for SMEs

    SMEs have sustainability on their radar. Their main goal is economic sustainability. To achieve this goal, they can take ecological and social sustainability as an opportunity for innovation instead of just considering it as a mere cost driver. Thus innovation and sustainability become the two sides of the coin called profitable growth.

  • Lessons from Public-Private Innovation Strategic Alliances for SMEs

    Lessons from Public-Private Innovation Strategic Alliances for SMEs

    November 11, 2013 | By: | In: Enabling Factors

    Strategic alliances are an effective way to provide diversity of resources and gain entry to new knowledge and markets. Large corporations have entered recently into alliances with public sector organizations to support innovation in SMEs, combining private and public policy agendas. This article looks into the structure and management of these strategic alliances, their strong practices and inhibitors and how they impact the different parties involved.

  • Innovation For International Markets - How Export Oriented Are Innovation Oriented Smes In Europe?

    Innovation For International Markets – How Export Oriented Are Innovation Oriented SMEs In Europe?

    September 25, 2013 | By: | In: Strategies, Support for SMEs

    The recent economic crisis has confronted companies across Europe with major challenges. Small and medium sized companies in particular seemed to have a customer base too reduced to maintain their business. In such a situation there are two options: invest in developing new customers or invest in developing new, more attractive, offerings.

  • Negotiating Win-Win Strategic Innovation Partnerships

    Negotiating Win-Win Strategic Innovation Partnerships

    August 5, 2013 | By: | In: Strategies

    Recognizing that every collaborative endeavor is unique and should be evaluated on its own merits, companies must do their homework before starting to work together. Successful innovation collaborations start with a clear understanding of how each company wants to benefit from the partnership, and how they will work toward a win-win outcome. This article highlights matters to be considered and memorialized in this formative stage of a partnership.

  • Do SMEs lose their appetite for innovation during the economic crisis?

    Do SMEs Lose their Appetite for Innovation During the Economic Crisis?

    July 16, 2013 | By: | In: Strategies, Support for SMEs

    Innovation is always a result of taking risk and mastering these risks successfully. However, in the past few years the risks resulting from the overall economic situation seems to have increased for small and medium sized enterprises (SMEs). As they cannot control these external risks many of them seem to stay away from too risky innovation projects. This has implications for the SMEs and for those who provide innovation support for SMEs?

  • Introducing: HYPE GO!

    Introducing: HYPE GO!

    June 10, 2013 | By: | In: Life Cycle Processes

    Last week, innovation management software provider HYPE Innovation launched HYPE GO! – an online platform for collaborative innovation and innovation management – targeting the needs of small and medium-sized enterprises. We talked to Christian Hagemeier, Director SaaS Business at HYPE Innovation, to learn more about the thinking behind the tool.

  • Do-It-Yourself Open Innovation: Discovering Your Complementary Partner

    Do-It-Yourself Open Innovation: Discovering Your Complementary Partner

    May 16, 2013 | By: | In: Strategies

    Open Innovation relies on collaboration to achieve success. To determine which firm is the best suited to be an innovation partner, small and medium-sized entities (SMEs) should consider using an approach modeled on the “Want, Find, Get, Manage” methodology developed by Alliance Management Group (AMG). Because of their unique characteristics, broadly summarized as limited resources,SMEs should substitute “want, find and get” with “need, know and negotiate.” Capable and stable management remains a constant.

  • Exchange of ideas

    Share your views on: Creating a vision of ideal conditions for European SMEs to innovate

    April 25, 2013 | By: | In: Support for SMEs

    Small and medium enterprises (SMEs) are the backbone of our economy. Even though every single one of them has, by definition, only up to 250 employees, the collective of SMEs accounts for more than 75% of employment in some EU states. In this article we invite you to join us in creating a vision of ideal conditions for European SMEs.

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