How to Manage Innovation as a Process
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The Innovation Value Chain is a great tool to use to help you manage innovation as a process. This post uses a small case study to show how to use it.
Yearly Archives: 2012
There Must Be Forty Ways to Innovate
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Here’s a list of forty different ways that we can innovate. When we start to combine them, we can come with thousands of potential ways to structure our innovation process. Innovating the way we innovate is a huge opportunity.
Why You Need to Be Vulnerable to Innovate
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How many great ideas get killed because we’re scared to put them out in the world? We need to be vulnerable to innovate – Brené Brown’s book Daring Greatly gives some insights into how to do this.
Innovation Big & Small
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Can big organisations innovate? Of course they can. This is actually an uninteresting question. It’s more valuable to figure out how to best innovate given your circumstances – whether you’re big or small.
Different is Interesting
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Xiameter Case Study: Adding Business Model Innovation
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We often think that it’s particularly hard for big, established firms to innovate. Yes, there are obstacles. And yet, many manage to innovate, and to do so very effectively. Dow Corning and their business model innovation in launching Xiameter is a good case study of an innovative big firm.
Where Does Innovation Fit in Your Business Model?
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If you are using a tool like the Business Model Canvas, where does innovation fit? The answer depends on your strategy. I use The Innovation Matrix to outline several different strategies, and how the business models for these will be different.
Business Needs More Art
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Business needs more art, as simple as that. Art teaches many critical skills, including risk taking, dealing with ambiguities, discovering patterns, and the use of analogy and metaphor. And we need all of those.
Strategy in the Zone of Mediocrity
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Several years ago I had a discussion with an MBA class on how to recognise good or bad strategy. After a lot of consideration their conclusion was….. good strategy works, it delivers the numbers, bad strategy doesn’t. I attempted to point out some issues in their response, especially that it precluded assessing strategy in advance […]
The Attacker’s Dilemma
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The Bing It One challenge would have been a great tool in 1998. Unfortunately, now that Google dominates search, an improved algorithm isn’t enough to get people to switch. This is the Attacker’s Dilemma: unless you bring a major performance improvement, there is no point in directly attacking a strong incumbent in their area of strength.
Change Your Frame of Reference for Better Innovation
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What we can accomplish is enabled by how we view the world. It’s also constrained by how we view the world. Figuring out how to change our frame of view is a powerful innovation tool.
Are You Ready for the #SocialEra?
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What are the implications of the new ways that technology allows people to connect and interact? Nilofer Merchant explores this in her book 11 Rules for Creating Value in the #SocialEra – it’s a good book with some important lessons.
