Innovation

Featured Innovation Articles

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What You Need to Know Before Starting a Platform Business

Frontiers |

There’s probably never been a better time for platform businesses. But they aren’t easy to launch.

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Mastering the Digital Innovation Challenge

Digital innovation can require carefully balancing new capabilities and core competencies.

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The End of Focus: A New Wave of Manufacturers Will Choose Scope Over Scale

New digital technologies are changing the rules of competition by expanding the boundaries of what a company can handle and introducing new sources of advantage.

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Rethinking How You Do Business

Organizing for New Technologies

Responding to disruptive technologies may mean changing your company’s organizational structure.

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Report: Using Analytics for Business Innovation

Analytics as a Source of Business Innovation

February 28, 2017 | Sam Ransbotham and David Kiron

The 2017 Data & Analytics Report by MIT Sloan Management Review finds that the percentage of companies deriving competitive advantage from analytics increased for the first time in four years. Incorporating survey results and interviews with practitioners and scholars, the report finds that companies’ increasing ability to innovate with analytics is driving a resurgence of strategic benefits from analytics across industries. The report is based, in part, on MIT SMR’s seventh annual data and analytics global survey, which includes responses from 2,602 business executives, managers, and analytics professionals from organizations located around the world.

Adapting to Disruptive Innovations

Warding Off the Threat of Disruption

In a fast-changing digital landscape, companies shouldn’t wait too long to reconfigure their offerings — but they also should be wary of moving to an untested technology too soon. Monitoring trends in related industries and identifying high-potential startups for acquisition helps to ensure appropriate timing for business model changes.

Keep Calm and Manage Disruption

Disruption can be averted, and many businesses manage through it by beating the new competition, joining them, or waiting them out. “To be sure, facing disruption is no picnic,” writes Joshua S. Gans, author of The Disruption Dilemma. “But it also isn’t the existential threat that so many see it as.” Many businesses are finding ways to weaken disruptive events, sometimes by investing aggressively in the new innovation after entrants had brought it to market or by acquiring the entrants and the actual disruption.

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Innovation Strategy

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Harnessing the Secret Structure of Innovation

Innovation success is the result of a deliberate search using key information signals.

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Taking a Value-Chain Perspective on Innovation

Frontiers |

Getting value-chain partners on board is essential for innovation and e-business success.

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Finding a Lower-Risk Path to High-Impact Innovations

High-impact innovations have built-in uncertainty — but careful strategizing can reduce the risk.

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When Innovation Meets the Language of the Corner Office

What are the most effective ways to communicate the process and output of innovation to executives?

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What Is the Real Potential for Blockchain?

Seeing Beyond the Blockchain Hype

Blockchain has recently taken center stage in the conversation about management’s digital makeover. Many believe the impact of blockchain on the ways organizations function and produce value may be greater than other technologies that have grabbed most of our recent attention — data and analytics, the cloud, even artificial intelligence.

How Blockchain Will Change Organizations

Frontiers |

Blockchain technology has the potential to transform how businesses are organized and managed. It allows companies to eliminate transaction costs and use outside resources as easily as internal resources. The implications for areas such as accounting, contract negotiation and enforcement, sales and marketing, and capital investment are myriad. Companies should start exploring how this technology could impact their industry and processes.

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Innovation Partnerships for Competitive Advantage

Competing Through Joint Innovation

December 12, 2016 | Manuel Hensmans

Even as multinationals struggle to make inroads in emerging markets, companies from those markets are finding ways to compete in Europe and the U.S. A case in point is Huawei, a Chinese telecommunications company, which has used strategic partnerships to gain ground in Europe. Huawei’s overseas expansion closely resembles the strategy the company used to build its position in China: Start at the perimeter and work toward the center.