Innovation

How a Blizzard Saved the ATM

“Build it and they will come.” We hear that mantra a lot. But with innovation, it is often more like, “Solve a pain and they will come.” The ultimate success of the Automated Teller Machine (ATM) is a great example of this. The other night I was having dinner with someone who in the mid-1970’s worked with Citibank, the second ...

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Inspiring Your Team with a Chief Innovation Officer

Who inspires your team? Who develops the ideas, promotes an environment that fosters creative camaraderie, nourishes espirit de corps – and steers the organization toward greatness? In short, who is your Chief Innovation Officer? Every organization that grows by creating new products or services or aspires to out-class the competition needs a Chief Innovation Officer, or CIO. In Robert’s Rules ...

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Can Innovation Create Competitive Advantage?

Over the last six or seven years, definitely since about 2003 or 2004, there has been an increased focus on innovation in many businesses. I think much of this was driven by several factors, including an increased rate of change in competition, especially the growing capabilities of India and China. I also think that information costs have fallen as the ...

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October's Innovation Contest Winners

Thank you to everyone who entered our innovation contest for October. After much deliberation, I have chosen the three winning articles. The three winning article authors win one of three signed copies of Bill George’s latest book “7 Lessons for Leading in Crisis”, and the opportunity to have their article republished here on Blogging Innovation if they so desire. For ...

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150,000 Good Ideas

by Kevin Roberts Ideas are the currency of the future and can come from anywhere, and Google probably knows this more than anyone right now! To help celebrate their 10th birthday, Google invited people to submit their ideas to help make the world a better place for everyone with their special “Project 10 to the 100th.” 150,000 ideas were sent ...

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Importance of Enterprise 2.0 Connections to Innovation ROI

In a recent post on the Spigit blog, Study – Collaborative Networks Produce Better Ideas, I described the research of Professor Ronald Burt. He found that employees who are better connected across the organization generate higher quality ideas than those with limited connections. Wider access to the ideas, knowledge, experiences and judgment of colleagues makes employees stronger in innovation. I ...

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Building an Innovation Engine in China

I recently made another trip to China. My purpose was to meet with innovation leaders in order to build further on my understanding of the Chinese innovation community and thus on my global perspectives on innovation. I had a couple of meetings and I did an improvised session at a company. Having met about 15 people and having spent 5 ...

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Conference Report – The Power to Innovate

Congratulations to the team at Invention Machine for hosting this week’s conference, Power to Innovate, at the Seaport Hotel in Boston. The theme of the conference centered around the Innovation Intelligence EcosystemTM and how companies can boost performance by coordinating information, communities, and innovation activities. Invention Machine’s premier product, Goldfire, is at the center of this ecosystem. “Goldfire is a ...

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Developing an Innovation Culture (the TBX approach)

Having been involved in several efforts on developing the innovation culture within companies, I have learned that you need to work with three organizational approaches. I call this the TBX approach: T (Top Down) Get the executives onboard and make them personally committed to the innovation activities. Without executive support, no change occurs. B (Bottom Up) Value creation begins with ...

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Twitter Lists Now Live – Some Tips

Surprise, surprise… Twitter Lists have been talked about for some time, but are now live. I’ve created an innovation list here: http://twitter.com/innovate/innovation Please feel free to follow along, or make your case for your own favorite innovation tweeter (or yourself) to be included in the list by stating your opinion as a comment on this blog post. For those of ...

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