Innovation Strategy

Showing 1-20 of 41

Image of Shanghai courtesy of Flickr user John Chandler.  https://www.flickr.com/photos/johnchandler/9268261356
Free Article

The Surprising Effectiveness of “Assembly Line” Innovation

  • Blog
  • Read Time: 2 min 

Unconventional approaches to innovation are speeding up new product development, making R&D faster and cheaper. In China, companies are embracing an industrialized approach to research that allows them to complete projects as much as two to five times faster than they did before. “These developments have potentially huge implications for how companies should think about global competition and whether they need to rethink and reengineer their established innovation and product development processes,” the authors write.

Procter & Gamble’s Connect + Develop open innovation program nurtures collaboration with individuals and companies globally to develop new ideas and products. Image from Procter & Gamble’s Connect + Develop video http://www.youtube.com/watch?v=SAvwst8FAuk.
Free Article

How Procter & Gamble Uses External Ideas For Internal Innovation

  • Blog
  • Read Time: 2 min 

Using its own version of open innovation called Connect + Develop, Procter & Gamble is now accessing externally developed intellectual property to accelerate internal innovation. Its Live Well Collaborative, for instance, was founded by Procter & Gamble and the University of Cincinnati with the goal of specializing in research and development of products and services for the 50+ market.

beckhard-1000
Free Article

The 2013 Richard Beckhard Memorial Prize

The editors of MIT Sloan Management Review announce the winners of the 2013 Richard Beckhard Memorial Prize, awarded to the authors of the most outstanding MIT SMR article on planned change and organizational development published from fall 2011 to summer 2012. The Winners: Eoin Whelan, Salvatore Parise, Jasper de Valk and Rick Aalbers, authors of “Creating Employee Networks That Deliver Open Innovation.”

advertisement

Image courtesy of Flickr user rishibando.

The 5 Myths of Innovation

This article explores the process of innovation in 13 global companies. Many of the standard arguments for how to encourage innovation were confirmed, but some surprises were uncovered as well. The article organizes its key insights around five persistent “myths” that continue to haunt the innovation efforts of many companies. The five myths are: (1) The Eureka Moment; (2) Built It and They Will Come; (3) Open Innovation Is the Future; (4) Pay Is Paramount; and, (5) Bottom Up Innovation Is Best.

Courtesy of Novartis.

What Every CEO Needs to Know About Nonmarket Strategy

Nonmarket strategy recognizes that businesses are social and political beings, not just economic agents. Smart executives engage with their social and political environment, helping shape the rules of the game and reducing the risk of being hemmed in by external actors. These executives realize that in a global economy, sustained competitive advantage arises from tackling social, political and environmental issues as part of a corporate strategy — not just pursuing business as usual.

Image courtesy of Apple Inc.

A Business Plan? Or a Journey to Plan B?

From Apple to Twitter, some of the most successful businesses are not what their inventors originally envisioned. The Twitter story, in fact, is a powerful reminder that an entrepreneur’s main job is not to flawlessly execute the business idea so lovingly articulated in his or her business plan. It’s to embark on a learning journey that may or may not reach the destination originally envisioned. Instead, the company may end up at a more successful Plan B.

021-Innovation-500
Free Article

Lessons from the Startup Bootcamp at MIT

  • Blog
  • Read Time: 2 min 

There was lots of entepreneurial energy in the room at MIT's Kresge Auditorium today -- as a sizable crowd gathered in the morning for a free daylong"Startup Bootcamp" full of lessons from technology entrepreneurs.

advertisement

Courtesy of Volkswagen

Which Innovation Efforts Will Pay?

For many companies, developing new products is a hit-or-miss proposition. Some businesses with successful innovation practices are relying on a new analytic tool to ensure that the hits are much more likely.

03-Innovation-500
Free Article

Developing an optimal innovation strategy

  • Blog
  • Read Time: 1 min 

If one innovation approach is helpful, you might think using more than one approach to innovation would be even more productive. Not necessarily, write Frank T. Rothaermel and Andrew M. Hess in the new issue of Business Insight, MIT Sloan Management Review’s collaboration with The Wall Street Journal.

Image courtesy of IBM.

Motivated to Innovate

Courtesy of IBM.

Looking to spark innovation in your R&D work force? Look for employees who are motivated by intellectual challenge—but not by job security. Henry Sauermann, an assistant professor of strategic management at Georgia Institute of Technology, and Wesley M. Cohen, the Frederick C.

advertisement

015-Strategy-500
Free Article

Time to work in new ways?

  • Blog

It's not uncommon to hear experts suggest that recessions are good for innovation -- in part because hard times encourage new thinking. John Chambers, Cisco's chair and CEO, goes even further. Earlier this month, in a Wall Street Journal column, he described  the current economic situation as "the biggest opportunity of our lifetime."

025-Innovation-500
Free Article

How to innovate in tough times, part II

  • Blog
  • Read Time: 1 min 

Last week, I blogged about a Knowledge@Wharton article containing advice about innovating in difficult times. This week, a visitor to our site added her own insights on that topic: Laura Weiss, an innovation consultant, pointed out her own recent San Francisco Chronicle column on innovating during a downturn.

05-Innovation-500
Free Article

Capturing employees’ insights about new business ideas

  • Blog
  • Read Time: 1 min 

How does a large, global corporation capture employees’ ideas for new technologies? An article from the Fall 2008 issue of MIT Sloan Management Review analyzes the results of IBM’s 2006 “Innovation Jam” — which involved 150,000 people.

014-big-data-and-analytics-500
Free Article

Why Christensen thinks it’s a good time for innovation

  • Blog

Sure, the economy’s bad. But it’s a good time to innovate, according to Clayton M. Christensen, a Harvard Business School professor who focuses on innovation. Our interview with Christensen is featured in the new edition of Business Insight.

010-Strategy-500
Free Article

New thinking about strategy

  • Blog

“Traditional thinking about strategy is woefully incomplete,” according to the authors of an article in the current issue of MIT Sloan Management Review.

Showing 1-20 of 41