Category Archives: innovation strategy
A Few Innovation Ideas
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Ten Great Free e-Books for Innovators
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Linking Innovation to Strategy, part 4
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I’ve been talking recently about tools that you can use to link innovation to your organisation’s strategy. Jeffery Phillips explains the relationship between the two quite nicely in his post Do You Need An Innovation Strategy? So, the takeaway is this: innovation is an ENABLER to corporate strategy, and what innovation needs to succeed is […]
Tradition is Not a Business Model
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I’m currently reading The Nature of Technology by W. Brian Arthur. It’s a fantastic book. This morning I ran across this quote discussing the spread of innovations: There is another reason the old pricniple persists beyond its time, an economic one. Even if a novel principle is developed and does perform better than the old, […]
Building Innovation
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The more I study business in general, and innovation in particular, the more clear it is that we don’t do a very good job of taking time into account. This leads to a lot of problems – management focused on quarterly results at the expense of building a long-term success, innovations that spread quickly and […]
Combining Ideas – a Key to Innovation
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One of the challenges of managing innovation is figuring out what your industry is going to look like in a few years’ time. The big difficulty here is that you are juggling data from three domains, and all of them are changing rapidly: the external environment that shapes your industry, innovations within your industry, and […]
How to Assess Your Innovation Capability
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How do you know how good you are at innovation? One of the tools that we have found very useful for assessing innovation within organisations is the Innovation Value Chain. The tool was developed by Morten Hansen and Julien Birkinshaw and published in an article called The Innovation Value Chain in Harvard Business Review in […]
Who is Responsible for Innovation?
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Linking Innovation to Strategy, part 3
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One of the more alarming aspects of the global financial crisis has been the corresponding downturn in innovation-related spending by firms. Obviously, if you lost your job or your house or your retirement savings this issue doesn’t seem so critical, but I think it is important even so. The reason is that future jobs and […]
Linking Innovation to Strategy, part 2
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One of the critical elements of managing innovation is linking your innovation efforts to your overall strategy. Over the weekend, I talked about how you can use the Strategy Diamond by Hambrick & Fredrickson to help achieve this coordination. Another tool that you can use is the Business Models idea, something that we’ve discussed here […]
James Boyle’s Important Ideas on IP & Innovation
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Intellectual Property rights encourage innovation, right? Right? Well, not necessarily. Actually, people that study this empirically consistently find that the evidence suggests that they don’t. Here’s a fantastic talk by James Boyle discussing his book The Public Domain, which addresses this exact issue: (Thanks to Gerd Leonhard for the tip on this talk) Boyle’s book […]
