Innovation

Featured Innovation Articles

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Creating Better Innovation Measurement Practices

Improving a company’s measurement of innovation requires a holistic view of its innovation process.

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Why Design Thinking in Business Needs a Rethink

Design thinking needs better alignment with the dynamics of established businesses.

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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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Key Insights on Innovation

12 Essential Innovation Insights

September 12, 2017 | Bruce Posner and Martha E. Mangelsdorf

Innovation is an ongoing challenge for managers — so MIT SMR has combed through the archives to find 12 essential innovation insights, looking for older articles that today’s MIT SMR readers might have missed but that still retain wide relevance.

Digital Innovation

Mastering the Digital Innovation Challenge

For Volvo Cars, pursuing digital innovation required fundamentally rethinking the organization, while also keeping the core business functioning efficiently. The company did so by balancing four interrelated competing concerns: (1) new and established innovation capabilities; (2) process and product focus; (3) external and internal collaboration; and (4) flexibility and control in relationships with external partners.

Unleashing Creativity With Digital Technology

Frontiers |

In business, it’s costly to try something new, especially if it doesn’t work out. But in the digital era, technology can be deployed to augment the creative abilities of people and organizations. Today’s digital technologies have reached a level of maturation that enables cheap and rapid iteration to make new, invaluable forms of innovation possible.

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Reinventing Your Business Model

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Innovating with Data and Analytics

Analytics as a Source of Business Innovation

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.

Designing and Developing Analytics-Based Data Products

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.

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Game-Changing Innovation Strategies

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Choosing Scope Over Focus

Frontiers |

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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Developing Innovative Solutions Through Internal Crowdsourcing

If managed well, internal crowdsourcing initiatives can open up a rich source of innovation.

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How to Catalyze Innovation in Your Organization

Executives can foster innovation by understanding and tapping the power of employee networks.

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Partnering for Innovation

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.