Strategy

Keep Innovation Management Simple

Keep Innovation Management Simple

Innovation is the lifeblood of business growth.  Innovation management is also a process; a means of getting the right product to the right people at the right time. Yet all too often innovation management doesn’t work well.  It can be uncoordinated, out of sequence, either cutting corners or over-engineered.  Innovation initiatives often start with generating broad ideas out of context.  ...

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Has your Innovation Program Jumped the Shark?

Jump the Shark

  Innovation programs and systems are launched with a lot of fanfare but the sizzle will fizzle unless you properly nurture your innovation program and the underlying policies, processes and systems you use to help deliver better innovation results.  How can you avoid this from happening? “Jumping the shark” is attempting to draw attention to or create publicity for something ...

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Quality, Speed, and Cost: How to achieve all three in Innovation

Rear view of businesswoman holding gears in palm

Quality, Speed, and Cost. Pick Two. A long-standing belief across chemical and industrial product companies is that it’s not possible to rapidly produce low-cost, high-quality products. Many companies dedicate their best manufacturing equipment and people to quickly develop and launch a high-quality product, but these additional resources drive up costs unexpectedly. In other situations, management decides to deliver a very ...

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Innovation Needs a Home

innovation-tug-a-war

Innovation Needs a Home An innovation program needs a home. Many believe it should be as close to the business units or revenue source as possible. While occasionally this works, I have found if the innovation program is placed inside the business unit, typically it results in improvements vs. innovation. Innovation based in the individual business units is generally focused ...

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Why Organizations Fail

A man stands outside a store advertising that it is going out of business in New York

A few weeks ago, my little girl came down with a case of strep throat. From there, things followed a predictable pattern.  My wife soon came down with it as well and then I did too. We took turns lying in bed unproductively, woozy from a high fever and struggling to swallow. It was a silly episode when you think ...

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Four Simple Layers to Frame Government Innovation for the Next Presidential Administration and Beyond

linkedin-futurepast

Today, the concept of government innovation has rapidly moved to the top of the public policy dialogue with the increasing recognition that, like private industry, government should push itself to innovate and transform how it delivers services to its citizens. Over the past 20 years there has been growing interest in government innovation and the notion of ...

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Innovation Is The Only True Way To Create Value

return-on-innovation

In The Outsiders, William Thorndike argues that the most essential skill for a manager is capital allocation. To prove his point, he profiles CEOs such as Henry Singleton of Teledyne and John Malone of TCI who, while not household names, achieved outsized returns by wisely deploying their firm’s resources. Thorndike also points out that most CEOs get their jobs not through exhibiting financial ...

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Innovation Misdirection

innovation-misdirection

Sometimes the fact you are keeping a trade secret is well known in the marketplace. Your product may work better than competitors’ products; you may have a price advantage; or others just cannot replicate your product. Competitors may be working hard to reverse engineer or replicate your secrets. If you want to protect your trade secrets you can use Innovation ...

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