Innovation

Featured Innovation Articles

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Navigating the Next Wave of Blockchain Innovation: Smart Contracts

Frontiers |

Lin William Cong, interviewed by Frieda Klotz

Smart contracts using blockchain enable faster, more secure digital agreements.

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What Problems Will You Solve With Blockchain?

Teppo Felin and Karim Lakhani

Organizations need to focus on how blockchain can be used to support their unique strategies.

Portrait fragment of Benjamin Franklin

Governments as Facilitators of Value Creation

R. Edward Freeman and Joseph Burton

Free markets and free minds require access to new ideas, innovation, and infrastructure.

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Breaking Logjams in Knowledge Work

Sheila Dodge et al.

Despite the well-documented costs of overload, many leaders still think organizations thrive under pressure. They have a lot to learn from manufacturing, where managers have adopted a “pull” system to manage task flow, improving productivity and performance. This concept can be used to prevent overload in knowledge work, too. And “visual management” techniques make it easier to apply pull thinking to a portfolio of projects by rendering nonphysical tasks tangible. Two recent changes at the Broad Institute, an MIT-affiliated biomedical and genomic research center, illustrate how.

Solving the Digital Innovation Equation

Solution concept

Digital Transformation Opens New Questions — and New Problems to Solve

Frontiers |

Hal Gregersen

Modest questions about how today’s problems could be solved more effectively lead to applications of technology with easily foreseeable gains. But when people start asking bigger, bolder questions that challenge basic assumptions about how a problem has been framed, they open up space for breakthrough innovations. That’s been the pattern in many digital realms, including cybersecurity, artificial intelligence, and the internet of things.

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Business Model Evolution

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Welcome to the Coherence Economy

Uri Sarid

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

Blockchain technology with abstract background

Blockchain Is Changing How Media and Entertainment Companies Compete

Andre Dutra et al.

Blockchain is poised to help media and entertainment companies rethink their business models and monetize value.

basketball game plan

Why Companies Need a New Playbook to Succeed in the Digital Age

Peter Weill and Stephanie Woerner

Companies need to think about how they can become a customer destination.

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Launching New Products

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How to Launch Products in Uncertain Markets

Jan-Michael Ross and Jan Hendrik Fisch

How should companies launch products in times of uncertainty? Should they “wait and see” until uncertainty resolves — or commit to a full-scale launch and ride it out? Conventional wisdom says being early to market is the right choice, but that is not always the case. Many companies can benefit from a mixed, “act and see” approach.

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A Better Way to Bring Science to Market

Frontiers |

Joshua S. Gans

New “markets for judgment” like the Creative Destruction Lab are bridging critical gaps between scientific breakthroughs and commercial applications — fueling tech-based entrepreneurship far from Silicon Valley.

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Nurturing Creativity

Building the Right Ecosystem for Innovation

May 15, 2018 | Nathan Furr and Andrew Shipilov

As digital disruption expands, many legacy businesses seek partnerships with tech companies to maintain competitiveness in the digital sphere. But instead of a centralized “hub” partnership, some companies find greater success through an adaptive ecosystem model, where partners develop significant projects or innovations together. This type of strategy requires imagination and flexibility.

Technology Innovation

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Preparing for a Blockchain Future

September 11, 2018 | Michael Ferguson

The Changing Face of Innovation in China

June 12, 2018 | Dan Prud’homme and Max von Zedtwitz

Building the Right Ecosystem for Innovation

May 15, 2018 | Nathan Furr and Andrew Shipilov