Innovation

Featured Innovation Articles

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Lessons From the Maker Movement

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Businesses can innovate and thrive by nurturing a “creator” mindset.

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Seven Technologies Remaking the World

Frontiers |

This MIT SMR executive guide introduces business leaders to the technologies that are reshaping our world.

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The Hybrid Trap: Why Most Efforts to Bridge Old and New Technology Miss the Mark

Mature companies often lack the vision and the commitment to fully commit to new technologies.

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Updating Your Business Model

Building Scalable Business Models

December 7, 2017 | Christian Nielsen and Morten Lund

Many of today’s most successful companies are able to leverage business model scalability to achieve profitable growth. Executives need to factor scalability attributes into their business model design or they risk being left behind.

Disruptive Innovation

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Developing a Culture of Innovation

How to Catalyze Innovation in Your Organization

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.

The New Digital Mandate: Cultivate Dissatisfaction

Employee satisfaction can be a double-edged sword. Satisfied employees produce higher quality-outputs and have less turnover. But satisfaction can inhibit innovation: People who are OK with the current way of doing business are not likely to transform it. They need to be aggravated enough with their current situation that they are willing to take the risks to change it. By sowing the right kinds of dissatisfaction, leaders can drive their organizations to higher levels of innovation and value.

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The Upside to Innovation

Are Innovative Companies More Profitable?

December 28, 2017 | Dylan Minor, Paul Brook, and Josh Bernoff

When a corporate culture is designed not just to encourage innovation but to systematically nurture employee ideas, the results are dramatic: The companies that have the greatest level of participation have the best ideas. They’ve also got the strongest profit growth. All this stems from a culture that recognizes that effective innovations can come from anyone, at any level in the organization.

Adapting to a Challenging Environment

Manufacturers Can Also Win in the Sharing Economy

The sharing economy isn’t all bad news for manufacturers of big-ticket items such as cars. Research from Carnegie Mellon and UC Berkeley says that manufacturers will sometimes be able to charge higher prices to customers who are planning to rent out those goods. In a Q&A, one researcher says that when there’s heterogeneity in the market, meaning both a high-usage population and a low-usage population, circumstances are ripe for “a win-win-win for the borrower, the owner, and the manufacturer.”

Surviving in an Increasingly Digital Ecosystem

Companies today will have to reinvent themselves to survive, and every large and ambitious company should be trying to figure out how to become a destination for its customers. Consumers are voting with their mobile devices and choosing from a handful of dominant “ecosystem drivers”— businesses such as Amazon and WeChat, which become destinations for their customers’ needs by offering complementary or sometimes competing services — for each domain in their lives.

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Technology and Innovation

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How Big Data and AI Are Driving Business Innovation in 2018

A new survey reports companies are now seeing a direct correlation between big data and AI success.

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Innovation-Based Technology Standards Are Under Threat

When it comes to patent policies, the U.S. system is not broken — so lawmakers shouldn’t fix it.

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Finding Applications for Technologies Beyond the Core Business

Many companies overlook the potential of new applications for products they have sold for years.

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The Drivers of Innovation

How Big Data and AI Are Driving Business Innovation in 2018

February 5, 2018 | Randy Bean

According to a 2018 NewVantage Partners survey, executives now see a direct correlation between big data capabilities and AI initiatives. For the first time, large corporations report having direct access to meaningful volumes and sources of data that can feed AI algorithms to produce a range of business benefits from real-time consumer credit approval to new product offers.