Innovation

Featured Innovation Articles

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Act Like a Startup

A number of characteristics typically associated with startups are important to digital success.

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The Promise of Targeted Innovation

In the consumer goods industry, small R&D bets often outperform big ones.

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Driving Sustainability-Oriented Innovation

Organizations can innovate to address environmental and social problems — but they need to build the right culture.

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The Creative Environment

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Innovation and Growth

Grow Faster by Changing Your Innovation Narrative

December 10, 2018 | George S. Day and Gregory P. Shea

Companies aspiring to organic growth leadership in their industries should start with a coherent, affirming innovation narrative and reinforce it with action. The authors tested 18 well-known innovation levers and identified the four that organic growth leaders use most to stay ahead of competitors: (1) invest in innovation talent, (2) encourage prudent risk-taking, (3) adopt a customer-centric innovation process, and (4) align metrics and recognition with innovation activity.

Responding to Digital Disruption

Key Words for Digital Transformation

Frontiers |

By many rights, one might have expected to find Adobe on the register of companies disrupted by digital. And yet the 35-year-old software developer has persevered by embracing the very technological forces ― think cloud, mobile, platforms, IoT ― that could very well have been the harbingers of demise for a legacy producer of packaged software designed for the desktop.

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

In the digital world, companies need to become a destination for customers. The key is using digital as differentiation and offering customers something compelling. This requires a new playbook for how to do business as well as new ways of engaging customers. The trend is for individual and business customers to prefer just one or two powerful ecosystems in each industry, raising the stakes for leaders to better understand their options and clarify their own game plans.

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Putting Technology Innovations to Work

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Unlocking the Value of Augmented Reality Data

Frontiers |

AR sensor data helps businesses optimize user experience and value.

Brain

How Human-Computer ‘Superminds’ Are Redefining the Future of Work

As smart technologies embed deeper into human processes, a more powerful form of collaboration is emerging.

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Implement First, Ask Questions Later (or Not at All)

Frontiers |

Competitive speed and cheaper apps spell the end to requirements gathering and testing for new tech.

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AI and the ‘Augmentation’ Fallacy

The fundamental disruption introduced by AlphaZero’s hyperlearning in the chess world can teach business executives about AI.

Governments as Facilitators of Value Creation

There is a fundamental humanity to business institutions. Businesses are cooperative endeavors that leverage human work and creativity to create social value. Stable, functional, and purpose-driven businesses are key to real human flourishing. And yet many governments are expected to be neutral about business, acting as either redistributor or regulator. There is a third role, though: facilitator.

Innovation Process

Winning With Open Process Innovation

Managers in manufacturing companies often keep process innovation activities tightly under wraps. Some companies have good reasons for keeping process innovations concealed. However, the authors’ research suggests that for most manufacturers, such defensiveness deprives companies of a valuable source of ideas for productivity improvement. Many manufacturers, they argue, can benefit from sharing process innovations rather than keeping them secret.

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