Innovation

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Featured Innovation Articles

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Navigating the Leadership Challenges of Innovation Ecosystems

Frontiers |

When a group of industry leaders work together to find new solutions and products, who’s in charge?

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The Hard Truth About Business Model Innovation

Successful business model innovation requires an understanding of how business models evolve.

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A New Approach to Automating Services

Instead of replacing human workers, software robots are an opportunity to augment their skills.

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Turning Data Into New Products

Designing and Developing Analytics-Based Data Products

September 13, 2016 | Thomas H. Davenport and Stephan Kudyba

The combination of new analytical capabilities and burgeoning data assets are being used to form value-added “data products.” Such products have powered rapid growth in the value and success of online companies, but the expansion of analytics means the standard model for developing these products needs to evolve. An updated model needs to reflect new “time to market” expectations and input from a variety of stakeholders.

Innovation Strategies

Open access brought to you by PwC-90

How will your company achieve the types of innovation necessary for continued growth and success? Open access to these three MIT Sloan Management Review articles about strategies for achieving innovation is provided courtesy of PwC.

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Image courtesy of Astrobotic Technology.
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Enhancing Employee Creativity

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Unleashing Creativity With Digital Technology

Frontiers |

Digital technology makes the creative process faster — and cheaper. And that’s great for business.

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The Discipline of Creativity

Managers can’t afford to rely on haphazard, hit-or-miss approaches to idea generation.

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Bringing Fun and Creativity to Work

Team-based contests that draw on creativity and collaboration skills can build motivation in employees.

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How Future Workspaces Will Improve Productivity and Creativity

In this webinar, MIT professor Carlo Ratti discusses how new digital tools will shape the workplace of the future.

Communicating Innovative Ideas

When Innovation Meets the Language of the Corner Office

August 3, 2016 | Dave Rochlin

Effectively communicating the innovation journey and output to executives requires translation. While innovation processes are becoming more widely used across organizations, they are not always fully embraced at the executive level. Innovationists need to become bilingual — able to present in the style that strategy consulting firms use when making formal recommendations and updates. When speaking to executives, innovation leaders should make sure they are not only heard, but understood.

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Business Model Innovation

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Managing Tensions Between New and Existing Business Models

Staying competitive may mean exploring new business models — but watch out for internal tensions.

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Thriving in an Increasingly Digital Ecosystem

To prepare for digital disruption, companies need to consider which of four business models to adapt.

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Creating Value Through Business Model Innovation

Here are six questions for executives to consider when thinking about business model innovation.

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Adapting to the Sharing Economy

New strategies are helping companies embrace “collaborative consumption” and the “sharing economy.”

Innovative Outcomes Through Crowdsourcing

Improving Analytics Capabilities Through Crowdsourcing

June 13, 2016 | Joseph Byrum and Alpheus Bingham

Analytics capabilities can greatly expand a company’s ability to innovate — but what do you do when the talent you need just isn’t available? Agribusiness giant Syngenta, faced with an insurmountable analytics talent bottleneck, turned to crowdsourcing. Using a series of contests, it outsourced the development of a set of award-winning analytics tools to improve its decision making — and learned, in the process, some key factors supporting successful crowdsourcing.

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Where the Best and Worst Ideas Come From

Group brainstorming excels at generating both very good and very bad ideas.

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Using Open Innovation to Identify the Best Ideas

Which parts of your innovation processes should you open up to the wider world?

The 5 Myths of Innovation

Increasingly, innovation is being applied to the development of new service offerings, business models, pricing plans and management practices.

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