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Glen Schmidt and Bo van der Rhee
A new framework helps identify the best strategy for a particular product or service.
Joseph V. Sinfield et al.
Managers can’t afford to rely on haphazard, hit-or-miss approaches to idea generation.
Jay Rao and Joseph Weintraub
A new assessment tool can help executives pinpoint a company’s innovation strengths and weaknesses.
April 1, 2010 | Thomas W. Malone, interviewed by Michael S. Hopkins
MIT Sloan’s Thomas W. Malone, author of The Future of Work, says that the smartest companies will use emerging technology to tap the power of many. Wikipedia and YouTube are the best-known examples of “collective intelligence,” where many people create a lot of different things independently. “Executives and everybody else knows about the new kinds of technologies that keep popping up,” says Malone. “But there’s a key perspective that a lot of people don’t really get yet, which is that these new technologies change the essence of organizations.”
Which parts of your innovation processes could you get outside input on? To reap the benefits of innovation from external sources, executives must understand how to ask for help and how to manage the process.
Christina Raasch and Eric von Hippel
What motivates volunteers to take part in innovation projects?
By Alan MacCormack et al.
Companies are increasingly turning to contests to generate many diverse ideas.
By Andrew King and Karim R. Lakhani
Which parts of your innovation processes should you open up to the wider world?
Alden M. Hayashi
Two recent books focus on different aspects of innovation — within and outside the organization.
Yun Mi Antorini et al.
For the Lego Group, a close bond with user communities is not a pipe dream but a reality.
Eoin Whelan et al.
The key to open innovation? Ensuring outside ideas reach the people best equipped to exploit them.
Robert D. Austin and Richard L. Nolan
When conflicts aren’t managed well, a company’s ability to innovate may be at risk.
Chubb wanted to accelerate its innovation process and its field response time. Its answer? Build a more social business.
Martha E. Mangelsdorf
An intriguing new book discusses the traits of serial innovators at established companies.
Scott D. Anthony et al.
Success in innovation requires the ability to churn out successful growth businesses year after year.