Innovation

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Image courtesy of Flickr user raspberreh.

Are You Ready to Reengineer Your Decision Making?

There has been enormous progress in embedding the use of analytics at lower levels of companies. But according to Thomas H. Davenport, professor at Babson College and one of the best-known thinkers about analytics and business intelligence, the upper levels of companies haven’t kept up.

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Bringing New Ideas to Fruition

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It's not always easy to bridge the gap between academic research and the business world. Two recent articles offer perspectives on different aspects of the process:

TURNING IDEAS INTO START-UPS. A recent New York Times article highlights university "idea incubators" -- such as MIT's Deshpande Center for Technological Innovation -- that help professors bring their innovations to market.  Notes The New York Times:

"M.I.T.

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Remembering C.K. Prahalad

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We at MIT Sloan Management Review  were saddened to learn of the recent death of influential management thinker C.K. Prahalad, a professor at the Ross School of Business at the University of Michigan and the author of well-known management books such as "The Fortune at The Bottom of the Pyramid."

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The Business Benefits of Social Responsibility

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If a company is committed to addressing societal problems, can that benefit its business performance? Harvard Business School professor Rosabeth Moss Kanter thinks so.

Kanter explained why, in an interview published recently in Business Insight, MIT Sloan Management Review's collaboration with The Wall Street Journal.

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Shifting Paradigms in Innovation

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Traditionally, we have tended to think of businesses (or individuals who then start businesses) as the principal source of innovative new products or services in a market economy.  But, in a thought-provoking new working paper, Carliss Y.

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Why Some Companies Benefit More from IT Investments than Others

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On average, investments in information technology are associated with greater productivity for companies -- but why do some companies get greater productivity benefits from IT than others? That was one of the questions MIT Sloan Professor Erik Brynjolfsson addressed at a presentation at the MIT Center for Digital Business today.

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Developing an optimal innovation strategy

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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.

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Improving your innovation skills

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A new book includes some interesting observations about the personal characteristics of successful innovators — and what managers can do to strengthen their innovation skills.

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The importance of tolerating failure

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A new working paper tackles an interesting topic: the relationship between tolerance for failure and innovation. In particular, authors Xuan Tian and Tracy Y. Wang looked at venture capitalists' tolerance for failure  -- and its effect on the innovativeness of the young companies they invested in.

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Toyota’s Secret: The A3 Report

How does Toyota solve problems, create plans, and get new things done? Company managers use a tool called the A3, named after the international paper size on which it fits, as a key tactic in sharing a deeper method of thinking. This tactic and style of processing information lies at the heart of Toyota’s sustained success.

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Innovation’s Silver Lining

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Innovation consultant Scott D. Anthony, author of a new book called “The Silver Lining: An Innovation Playbook for Uncertain Times,” calls the era we’re in “the great disruption” — a period when competitive advantage is temporary. And “no matter how tough the times, innovation happens,” Anthony observed.

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Innovation news

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Two pieces of news:
1) Some companies are trying an approach to launching products that involves less up-front market research and more experimentation in the marketplace.
2) Innovation is on the agenda of the U.S.’s new CTO.

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Innovating during a downturn

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In the last 12 months, “innovation has become more important, not less,” according to innovation expert Vijay Govindarajan.

Showing 21-40 of 94