Strategy

The One Big Reason Every Business Needs to Embrace Complexity

The underlying premise of any organization is to create value. Historically, firms have done so through engineering ever greater efficiency. By honing internal processes, optimizing the supply chain and reducing product inventories, managers could improve margins and create a sustainable competitive advantage. That’s created a bias for simple, linear thinking. Adding extra variables to any process is bound to increase ...

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Six Habits of Highly Innovative Retailers

As retailers look to drive profitable growth through loyalty and differentiation, innovation usually plays a prominent role. Innovation can take many different forms, such as product, customer experience, business model, service and process innovation. However, becoming innovative is not easy. Innovative retailers are those that excel at solving high-priority problems for their target customer and help meet unmet customer needs – often ...

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Facing the New Innovating World in the 21st Century

This week my research was moving around issues of complexity within innovation and I came across a great paper, written by Deborah Dougherty called "Organizing for innovation in complex innovation systems". Dougherty is attempting to reframe these into problem resolutions from breaking down discovery into four distinct channels. I liked this thinking.

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3 E’s of Effective Innovation Leadership

Legacy companies like Apple, Xerox and IBM have transformed their organizations over the past 30 years to stay competitive in an ever-evolving market. This kind of transformational change is not easy for any organization, small or large. In fact, 70% of all change efforts fail. So what can you do to improve your odds of success? One of the most ...

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Spotting Your Organization’s Orthodoxies

Spotting Your Organization's Orthodoxies

Often the very factors of success around which you launch, build, and manage an organization can turn on you like a venomous snake. The framework that worked so well, for so long, now limits the growth of the place. At some points the factors have turned into choke points. But your organization is geared by its way of doing things, ...

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Why Your PLM Solution Has Not Delivered Value Yet

More than two-thirds of organizations with Product Lifecycle Management (PLM) solutions in place don’t realize the expected value from their implementation. As PLM system implementations have become more prevalent, analysis of PLM value has shifted from the theoretical to the empirical. There is now a sufficient historical basis to examine where the promises of PLM have fallen short and why. ...

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Organizational Agility Entails Dual Innovation

Ralph Ohr explores the question: In order to increase agility, should organizations aim to become more nimble across their existing structures or should they capitalize on separated units/ventures - such as innovation or digital labs - being dedicated to initiate and develop explorative ideas and opportunities?

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How to Protect Breakthrough Innovation

How to Protect Breakthrough Innovation

A company’s portfolio can generally be segmented into three types of innovation: incremental, adjacent, and breakthrough. Incremental innovations are minor improvements to existing products or small steps in to a new market. Adjacent innovations are more novel than incremental innovations and often involve applying an existing core competency in a new area. Breakthrough innovations, often referred to as transformational, radical, ...

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Does the new need to be new?

Does every innovation need new technology, or a new manufacturing process, or a new patent? Does it need to be new for the sake of it? Not if you understand exactly what you have before you start, and how it can be exploited further to meet new demands in the marketplace.

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