Strategy

Rodeo Innovation

If you have ever watched calf roping in the rodeo, you have seen the cowboy ride out after a running calf, rope it, throw it to the ground, loop a rope around its back legs, and throw his hand in the air. Some innovation programs are run in a similar manner. I have been associated with innovation programs in large ...

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Top 20 Innovation Articles of September 2016

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are September’s twenty most popular innovation posts: Learn from ...

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Can you set targets for creativity? Part 1 – why?

This is the first of two articles on setting targets for creativity. The topic of part 1 is why targets should be set; part 2 deals with how to set them. There is a stereotypical representation of creativity as a light bulb moment, which in reality isn’t common. Related to this, there is the perception that creativity is something purely ...

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A Model for Dual Corporate Innovation Management

As rightly pointed out by Tim Kastelle recently, it’s imperative to distinguish discovery from execution when it comes to startup and innovation activities – bearing in mind that both purposes are complementary and equally important. Along with the case made in my previous post, this suggests following a dual approach to balanced corporate innovation management. The main objective of dual approaches is to sufficiently separate exploration-/discovery-oriented initiatives from exploitation-/execution-oriented ones ...

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Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Leading portfolio management practices advocate the need for defining portfolio inclusion criteria. Why is it necessary to define your portfolio’s scope? There are at least two compelling reasons: clear portfolio ownership ...

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10 Key IP Strategy for Innovative Companies to Maximize Business Value

In this post, I have consolidated the key principles foundational in my process of using IP Strategy to create and maximize business value in innovative organizations. (1) Rethink what patents should “protect”: If you are an innovator, the customer solution you provide is far more important than the product you are making. Full stop. This means that if you call a ...

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Using Tech Scouting Software to Source and Manage Technologies [video]

Discovery used to be relatively easy. But, over time it has become harder and harder to find the next great innovation. Wellspring for Technology Scouting software was developed to deliver a simpler and more efficient way to find and manage technologies. It streamlines the process by addressing the hidden costs of modern innovation. Wellspring for Technology Scouting from Wellspring on ...

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Inventors are Not Created Equal

How to Recognize and Grow Different Types of Inventors Innovators are often difficult to recognize. They don’t wear signs or fit a particular personality profile. Sometimes they quietly go through the day while drawing little attention to themselves and many times it seems they cannot stop talking about their ideas or inventions. What often happens is inventors fall into different ...

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