Radical or Gradual Innovation?

“Radical Innovation” refers to high risk, high uncertainty projects which hold the potential to both influence the marketplace and bring high returns to firms. It’s a kind of “promised land” of differentiation, growth and wealth for businesses and nations. Radical innovation is different from gradual innovation, in which small, incremental changes are made to activities in order to create more ...

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Corporate Innovation – Both Emergent and Managed

Item #1, The Crowd Is Wise (When It’s Focused), New York Times: “Successful projects are typically hybrids of ideas flowing from a decentralized crowd and a hierarchy winnowing and making decisions.” Item #2, Innovation Management an Oxymoron, Paul Golding: “When I get requests for ‘sync up’ and ‘co-ordination’ and ‘alignment’ and all those other management ‘control’ phrases, I know that ...

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Crisis or Opportunity?

No one in their right mind would suggest that an economic collapse was just what we needed, but sometimes, tough times do throw up opportunities we don’t hear when the bulls are roaring. I remember back in the 1970s, New York was a very different city to the one we know now. It had a gritty edge and the sense ...

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Innovation or Extinction?

Adapting your small business or nonprofit during the recession may be difficult – even painful – but it must be done or you risk joining the dinosaur in extinction. At this point, you’ve most likely gotten past being frozen by the depth and breadth of the recession. You’ve cut your budgets and staff to the bone and are lean and ...

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Innovation Multiplication

I came across an interesting video with economist Alex Tabarrok talking about the incredible rate of progress in idea creation in the last 50 years and the prognosis for the next 100 years. His main premise? “One Idea, One World, One Market” Check out the video: The video does a great job of visualizing part of the reason that the ...

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The Golden Rules of Innovation

Like any other core business process there are some ‘rules’ of innovation management which will maximise the probability of success. These come under what we call “The 6 Ps”: PLANNING – Innovation must be linked to strategy Successful leaders link core business processes to their strategic goals and annual business planning targets, and innovation is no exception. Use a product-market ...

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Do Rewards Kill Innovation and Creativity?

I am constantly asked how to best structure a financial reward system in an effort to motivate people to contribute ideas and improvements. My answer: Just say no. Combined research from the Employee Involvement Association and Japan Human Relations Association reveals that the average number of ideas submitted per employee annually is 100 times greater in Japanese companies than in ...

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Designing a Sustainable Paris

In the race to create a sustainable world, designers will be key players. I’ve always been a big design fan and I salute the new sense of purpose now apparent in every aspect of this industry. It’s becoming more experimental, more challenging, more ethical, and more exciting without losing its core functions – to stimulate ideas, change behavior, and offer ...

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Social Media and Music – Ideal Partners?

Quiet Company – “It’s Better To Spend Money Like There’s No Tomorrow Than Spend Tonight Like There’s No Money” I recently became aware of TheSixtyOne, an online music community where “artists upload their work for review, but, rather than allow a stuffy suit in a boardroom to decide what’s good, thousands of listeners do.” Since I canceled my Last.fm account ...

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