A few months ago, The Economist published an excellent piece on how the fashion for making employees collaborate had gone too far. We wrote about the trend too here on the blog, explaining how excessive collaboration harms organizational performance and stifles innovation (hint: overworking employees for only marginal gains).
Topics: Open Innovation
In case you were wondering: the 2016 Innovation Managers Forum in Bonn was a blast! It also broke last year’s attendance record by attracting no fewer than 180 innovation management practitioners from around the globe for 2 days of experience sharing, workshops and networking. A definitive gathering indeed with plenty of take-home ideas – a handful of which I plan to share in upcoming posts.
The Innovator’s Dilemma gets more of the headlines, but the follow-up book by Clayton Christensen, The Innovator’s Solution, is a far more useful piece of work. The Innovator’s Solution starts out by describing the ‘dilemma’, and in one chapter removes the need to even read the original work. It then proceeds to offer an array of approaches to handling disruptive innovation in large organizations. In the following post, we’ll look at 8 of the valuable principles Christensen highlights. For a recap of Christensen's disruptive innovation theory, see previous post here.
What happens if you ask a group of so-called innovation experts about their definition of innovation?
Nick Skillicorn did this and he gathered the answers in an interesting blog post that shows how vastly different even topic experts see the term “innovation”.
Here are some examples:
The value of experiments for innovation is a topic we’ve previously covered here on the blog, and for good reason: if done well, experiments can help avoid some costly new product, service, process, and even business model mistakes. We’ve also written extensively about change, because managing innovation is nothing more than managing transitions and transformations of all parties involved: customers, suppliers, internal stakeholders and even competition. As Microsoft likes to put it “[our] IT stands for Innovation and Transformation”.
Topics: The Innovation Manager
The goal is to move the crowd towards a new direction in our collective thinking to solve a problem.
Whatever you call crowdsourcing and there are many suggestions, the fact is that many communities are coming together, happening on-line, forming around challenges, ideas, projects, non-profits, people and important social and business issues. They are truly organic, feeding off all the contributions
How much focus should innovation efforts and capabilities have in the boardroom? I have been thinking about this after two recent interactions. First, I stumbled over this short intro in a press-release.
“Three quarters (74%) of employees say their company does not have a strategy, process, and tools in place to encourage the sharing of ideas. As a result, one third of suggestions which could improve business ROI never even make it to the boardroom.”
Crowdsourcing has been interesting to me intellectually for some time, it seems to have the ability to help solve vexing questions, real challenges, and connecting different voices, into a community that can open up the fields of opportunity for new solutions. It does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. It can simply connect a ‘crowd’ of people into a common purpose. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight.
Topics: Innovation Strategy
Everybody loves a good success story. After all, that's what inspires innovators to develop the next Coca-Cola or iPod or Corvette. But we can get even more value (along with a few laughs) from the whopping failures. Yes, there is lots to learn from the Edsel, New Coke, and other phenomenal flops. The key is to (quit laughing and) take the lessons learned by others to apply to your own innovation process. Here are a few product failures that you can learn from.
Topics: Innovation Culture