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Featured Innovation Articles

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Welcome to the Coherence Economy

A major economic shift is happening — from the experience economy to the coherence economy.

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Are Innovative Companies More Profitable?

There’s a significant correlation between net profit growth and a corporate culture of innovation.

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Great Ideas Are Getting Harder to Find

Frontiers |

While U.S. research efforts are rising substantially, research productivity is sharply declining.

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New Thoughts on Design Thinking

Why Design Thinking in Business Needs a Rethink

September 12, 2017 | Martin Kupp, Jamie Anderson, and Jörg Reckhenrich

To reach its full potential, the popular innovation methodology must be more closely aligned with the realities and social dynamics of established businesses.

Developing New Business Models

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Building Scalable Business Models

Many successful companies today leverage business model scalability to achieve profitable growth.

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What Sets Breakthrough Strategies Apart

Innovative strategies depend more on novel, well-reasoned theories than on well-crunched numbers.

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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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Building a Winning Business Model Portfolio

Business model diversification requires careful assessments of each model’s strategic contributions.

Spurring Innovation

How to Catalyze Innovation in Your Organization

June 13, 2017 | Michael Arena, Rob Cross, Jonathan Sims, and Mary Uhl-Bien

The authors’ research suggests that, rather than leaving the development of innovation to serendipity, executives should create collaborative contexts where innovation is likely to emerge from unpredictable pockets of creativity within an organization. By understanding and tapping the power of employee networks, executives can stimulate the creation of these kinds of collaborative environments.

Innovation Best Practices

Creating Better Innovation Measurement Practices

Finding the right metrics to track innovation is by no means straightforward. To steer clear of common mistakes, executives need a holistic perspective on their company’s innovation process.

Taking a Value-Chain Perspective on Innovation

Frontiers |

Market leaders have many advantages when adopting new technologies such as e-business, but they don’t always make the move. Why? It’s partly because new technology can be leveraged along a chain of related companies only if business partners also make the leap to adopt these changes. And research reveals that when large companies are significantly concerned about customer adjustment costs of new innovations, these powerful and otherwise highly capable organizations often resist change.

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Managing the Innovation Process

Which Rules Are Worth Breaking?

Disrupting the status quo is often valuable, but taken too far, it can lead to ethical crises.

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Innovation Partnerships

Developing Successful Strategic Partnerships With Universities

Collaborations between companies and universities are critical drivers of the innovation economy. As many corporations look to open innovation to augment their internal R&D efforts, universities have become essential partners. However, companies often struggle to establish and run university partnerships effectively.

Competing Through Joint Innovation

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.

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Changing Your Perspective

Choosing Scope Over Focus

Frontiers |

March 29, 2017 | Richard A. D’Aveni

Digital technology has already upended the media and information sectors. It’s about to do the same to the manufacturing economy, and pave the way for what can be called the “pan-industrial” strategy.