Processes & Tools

Kicking Off Innovation Transformation – The Charter Statement

The Charter Statement is the single most important tool to ensure an effective kick-off for enterprise innovation, or any complex transformation initiative. No wonder many innovation initiatives fail to deliver.  In my enterprise transformation work for 25 years, the Charter Statement is an exception and not the rule despite analogs for Six Sigma, Lean, CRM and ERP. The Charter Statement ...

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Innovation Rates of Exchange

Innovation happens across time. We often constrain our innovation because we ‘shoe horn’ any conceptual thinking into a given time, usually the yearly budgetary plan seems to exercise a large influence in this constraining. We should make the case that different types of innovation operate and evolve over different time horizons. I call this the innovation rates of exchange. A ...

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Your Innovation Portfolio is Precious

Strategy is about resource allocation. So is innovation, and portfolio management (PM) is one proper practice of investing resource according to your innovation strategy. Robert G. Cooper is a master in portfolio management. He has defined 10 best practices and 4 guidelines for portfolio management for new products: Best practices are: load the front-end of the project; install an idea ...

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Measuring What Matters

How to Stop Wasting Time, Talent, and Resources on Projects that Don’t Go Anywhere by Holly G. Green Remember the old adage, “what gets measured, gets done?” Well, what does not get measured may still be getting done in your organization as well. Unfortunately, it may not be what you want done or what gets you to your destination. In ...

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Creative Acquisitions

M&A Without Buying the Company by Mike Myatt Most people tend to look at acquisitions from a rather myopic and traditional M&A perspective: making a strategic or synergistic purchase of an operating entity on an accretive basis. However restricting your view of acquisitions to operating companies is like playing a football game with only one play in your playbook. The ...

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Seven Steps to Better Brainstorming

Important for CEOs to Maintain and Reset Focus by Idris Mootee Let’s start with this…this is not the best title. I really don’t like the word “brainstorming.” It means a group of people getting together to generate a lot of deas for the solution of a problem. In 1953 Alex Faickney Osborn popularized the method in his book called Applied ...

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Outside In Innovation at GE

In the past few months I have been getting interested in GE and how it is managing innovation. Often you read a number of negative reports on GE but is this just the big guy being picked upon by more nimble observers that have a limited insight into what is going on behind the walls of GE? What is under ...

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Relationship between Process and Innovation

There are perhaps few more misunderstood concepts than the idea of support and enabling innovation efforts with a defined innovation process. Let me start by saying that our business exists to help create sustained innovation in larger businesses, which we believe can only happen through the definition of an innovation process. So I admit to “process” bias, but at the ...

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Fusing Evaluation with Crowdsourcing to Accelerate Innovation

Without an evaluation process, ideas, and innovation programs can fall of a cliff. What makes ideas special relative to other user generated content is that ideas change things. Ideas put in motion a series of conversations and decisions about what the future will look like, and how you’ll achieve it. For organizations, the broadening of the innovation effort brings employees ...

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Building the Innovation Business Case

One of the toughest aspects within Innovation is making the Business Case. Much of the information is imperfect, the returns are often fuzzy and unclear in the early stages and the doubters line up ready to block and deter new ideas from entering the commercialization process. Justifying new innovation to others can often be really hard. How can you reduce ...

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