Innovation

Two Steps to Innovation

Innovation is a company’s future. Don’t believe me, ask the stock market. “Today, some 70% of the valuation of the top 500 S&P companies is made up of intangible capital, value not on the balance sheet,” according to Mark Van Clieaf, CEO of MVC International. Future growth from innovation is a significant contributor to intangible capital. What to do? Well ...

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Toyota and Innovation by Design

Scion Exile Concept Sketch by Matthew E May I’m fortunate enough to count car designer Kevin Hunter, president of Toyota’s CALTY Design Research, among my board of muses. CALTY (California+Toyota) is one of Toyota’s most influential design centers, located in Newport Beach, CA. CALTY is involved in nearly all of Toyota’s major vehicle design programs. According to Kevin, Toyota wants ...

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Is Operational Excellence the Enemy?

OK I admit it. I’ve grown frustrated by the fact that a capability or insight that proves valuable to an organization – operational excellence – is also such a big impediment to innovation. It’s strange that something that in some regards is so good for an organization can also be so detrimental as well. How, you might ask, is a ...

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Why Edison Was Wrong

The other night I had an enlightening conversation with Alph Bingham, the co-founder of InnoCentive from Eli Lilly. This guy is fascinating! Alph suggested that many people do not like open innovation (external crowd sourcing) because it runs counter to a widely held belief of the R&D community. Researchers often throw around the Edison quote, “I have not failed 700 ...

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Creating Innovation Metrics

Measuring innovation is where the rubber meets the road. While it’s very easy to wax eloquent about innovation, I’ve found that for most companies, measuring innovation is quite a tall order. Moreover, even for those organizations that do measure innovation, are they measuring the right metrics, for the right reasons? I’ve authored many previous posts on the topic of innovation, ...

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New Feature – 'Innovation Perspectives'

Thanks to an idea/request from Jeffrey Phillips of OVO Innovation, we are starting a regular monthly feature here on Blogging Innovation called Innovation Perspectives. The idea is to present our loyal readers with different perspectives on a single topic all in one place – from several different authors. This will give our innovation community the opportunity to compare, contrast and ...

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Innovation – Automated

“To avoid the fate of alchemists, it is time we asked where we stand. Now, before we invest more time and money on the information-processing level, we should ask whether the protocols of human subjects and the programs so far produced suggest that computer language is appropriate for analyzing human behavior: Is an exhaustive analysis of human reason into rule-governed ...

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The Blogging Innovation Mantra

Blogging Innovation exists for one main purpose, or mantra if you will: “To make innovation and marketing insights accessible” In July and August we have added more than a dozen contributing authors including: Rowan Gibson, Stephen Shapiro, Kevin Roberts, Matthew E May, Drew Boyd, Hutch Carpenter, Paul Sloane, Matt Heinz, Mike Brown, Steve McKee, Mike Myatt, Jeffrey Phillips, and Stefan ...

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Open Innovation Lessons From P & G

As you start the evolutionary process of adopting open innovation to your organization, always remember that open innovation is just a tool, not a goal. The goal is to grow your company and make a profit. Some companies might also have the goal of changing the world to a better place. Understand that open innovation is only a piece of ...

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14 Most Important Innovation Factors

I came across a nice 2003 study by Dutch academics titled, “SME innovation and the crucial role of the entrepreneur.” The study’s purpose was to ask small and midsize enterprises (SMEs) what they viewed the most important factors in innovation to be. In this study, SMEs consist of 100 employees or less. Rather than have the businesses come up with ...

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