Open Innovation

Diversity and Innovation

Improve the Person, Improve the Idea by Hutch Carpenter A key aspect of the next generation of innovation is the ability to tap a much larger set of minds in pursuit of valuable ideas. This draws quite heavily from the realms of Enterprise 2.0 and crowdsourcing. The historic method of innovation relied exclusively on a designated few. Now we’re seeing ...

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Open Innovation + Rapid Incubation = Power

Recently, I have read several interesting articles on how companies develop new projects based on rapid incubation or fast prototyping practices. Anthony Townsend, Director of Technology Development at the Institute for the Future wrote about rapid incubation and lightweight innovation models in this article, Moving Beyond Open Innovation. I agree with Townsend that the approaches he touches upon seem to ...

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Innovation is a Form of Win-Win Negotiation

Almost three decades ago, Ury and Fisher published their ground-breaking negotiation method, “Getting to Yes” that laid the foundation of win-win negotiation. Reflecting back on my early years in B2B Account Management and my current activities in Technology, I was struck by the parallels between win-win negotiation and innovation. Negotiators look for the fundamental interests underneath the positions. For instance, ...

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Why Talent Needs External Connections

The May issue of Fast Company had an interesting column by Dan and Chip Heath. They looked into the thinking of Boris Groysberg, a Harvard Business School professor who is due with a new book, Chasing Stars: The Myth of Talent and the Portability of Performance. In this book, Groysberg argues that talents and star performers – the case in ...

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Measures – Will you get what you want?

I recently spoke with a new client who shared with me their innovation measures. When I looked at their measurement system, I immediately saw flaws. But before addressing these imperfections, let me first provide you my perspective on innovation measures. In general, there are three types of measures associated with “challenge-based” innovation (be sure to read this article if you ...

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It's Not Idea Overload – It's Filter Failure

At the recent Front End of Innovation conference, Wells Fargo’s Michael Duke presented in a session devoted to innovation metrics. He opened with a slide that asked attendees: Which would you rather have? 1,000 ideas; or 20 working prototypes With a setup like that, what do you think the general response was? Of course getting to 20 working prototypes was ...

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Increasing Innovation Productivity

In a 2006 article, P&G’s New Innovation Model, P&G stated that their open innovation program – along with improvements in other aspects of innovation related to product cost, design, and marketing – made their R&D productivity increase by nearly 60 percent since 2001. When I listen to P&G talks on innovation today, the innovation productivity has nearly doubled and open ...

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10 Signs That Innovation Will Fail

What are the signs that innovation in a company is set up to fail? It would be great to have a checklist, but unfortunately innovation is too complicated and company-specific to employ a standard checklist for this. However, we can share our insights on this and help each other become better at spotting the signs of failure. Thus I have ...

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