Innovation

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Open Innovation and More

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In a recent interview with the website InnovationManagement, open innovation expert Henry Chesbrough discussed his new book, Open Services Innovation, and the importance of service innovation in general:
“We know a lot about how to innovate new products, new processes, and new technologies, but know far less about how to innovate

Courtesy of Flickr user Jinho.Jung

Bringing Open Innovation to Services

Services comprise more than 70% of aggregate gross domestic product and employment in the Organization for Economic Cooperation and Development countries. As a result, both individual companies and entire economies face the challenge of how to innovate in services. One suggestion: Companies should both organize their innovation processes to be more open to external knowledge and ideas and also let more of their ideas and knowledge flow to the outside when not being used internally.

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.

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Julian Birkinshaw

Rethinking Management

Most executives spend a reasonable amount of time thinking about the business model for their organization. But how much time do they spend considering the company’s management model? In his book “Reinventing Management,” Julian Birkinshaw urges businesspeople to give more thought to management models. In a Q&A, Birkinshaw explains why management has been “corrupted” over the last 100 years, and what should change.

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The Pile for February 22, 2010

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Last week at TED, I wrote about Nathan Myhrvold's latest anti-malaria plan, which involves shooting mosquitoes with lasers (we promise to direct you to a video of his talk and demonstration when it becomes available).

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TED 2010: Day 4 and Wrapup

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First, some notes on earlier talks here.

Yesterday I wrote about Bill Gates' presentation. The video hasn't been posted yet (Update: Gates' presentation), but you can read an insightful slide-by-slide rundown by Nancy Duarte (who we've featured previously in MIT Sloan Management Review).

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TED 2010: Day 3

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Yes, it's elitist. Yes, sometimes the presenters and their audience can be too full of themselves. But I've yet to attend a day of TED when something hasn't made me rethink something. We had all of that today.

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For more TED…

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A few quick notes before I run into the next session:

One of the best TED-U sessions was Derek Sivers on what it takes to be a leader, with a shirtless dancing guy as the news hook. Treat yourself to this three-minute talk.

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TED 2010: Day 2

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Longtime TEDsters know that sometime during the second day attendees give up hope of taking in everything that is shooting their way.

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