the hype innovation blog

3 ways to leverage your innovation ecosystem better

Posted by Oana-Maria Pop on Jun 22, 2016 11:17:41 AM

Co-development partnerships

Broad business networks

Independent networked organizations

Meta organizations

Collaborative arrangements

Temporary networks of innovation

Global networks of partners…

… Whatever you prefer to call them, innovation ecosystems are a core element in the growth of any organization. The reason is simple: having a diverse “entourage” of past, present, and future open innovation partners with whom to share risks and ideologies as well as reduce new product or service development costs represents the perfect context for value networks to emerge and for entrepreneurship to flourish. Companies and consortia to the likes of Salesforce (client relationship management systems), IMEC (Nano electronics), Korean Air (air travel) or P.R.O.F. (healthcare) are prime examples of how ecosystems can and should be used to create value no single organization can create on its own.

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Topics: Open Innovation

Exploring the Intrapreneurial Way in Large Organizations

Posted by Paul Hobcraft on Jun 16, 2016 2:42:29 PM

Are we seeing a change in mentality within large organizations towards encouraging individuals to ‘break out and become more intrapreneurial within their part of the business?'

Is this tapping into the increasing desire to be part of creating something new, to grab back the engagement needed, that sense of identity and a growing sense of ownership?

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Topics: Intrapreneurship

Playing chess with the Red Queen

Posted by John Bessant on Jun 8, 2016 11:13:20 AM

This is the Red Queen, one of the famous characters in Lewis Carroll’s ‘Alice through the Looking Glass’. And whilst she is an undoubtedly intriguing person, someone you might want to get to know better, here’s a word of advice. Don't try playing chess with her – you’ll very soon find yourself out of your depth!

There are three problems you’ll have to confront if you do decide you'd like to give it a go. First, she keeps changing the rules, arbitrarily making them up as she goes along. Second, she keeps changing the game – you might think you are playing chess but might suddenly decide to switch it to football or horse racing! And, as if these are not enough, she also lives in a world where this kind of behaviour is perfectly normal!

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Topics: Open Innovation

Digital transformation – are you ready to transform and change your innovation approaches?

Posted by Paul Hobcraft on May 30, 2016 6:00:00 AM

Business digital transformation, it can get your pulse racing as you look for the nearest exit. It is being asked of everybody to get involved but have we a sufficient understanding of it?

Add in the magic ‘need’ so innovation can benefit from this business digital transformation and we begin to shift around in our chairs even more. What would it mean if we ‘went’ digital and transformed ourselves for innovation with in our organization?

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Topics: Business Transformation

The 5 Skills of The Innovator

Posted by Tim Woods on May 25, 2016 3:55:50 PM

Are innovator’s born differently? Do they have a special something which eludes the rest of us? Or, can innovative traits be studied, understood, and learned? In a study of 72 ‘known innovators’, and 310 executives, it transpired that the innovators consistently demonstrated 5 key skills more than the regular executives.

Surprisingly, four of the skills are physical ones, and only one is cognitive. Suggesting that you can take specific action yourself to create more chances of creating novel ideas, and that in terms of creativity, nurture rather than nature holds the cards. Discovery skills are what the authors call them, and they've been explained in detail in the book The Innovator's DNA - let’s take a look at each of them.

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Topics: Best Practice, Intrapreneurship

Best Of The Bonn Forum: The Secret Sauce

Posted by Oana-Maria Pop on May 16, 2016 8:17:21 PM

Continuing the “Best Of The Bonn Forum” series, this next post is all about some of the handy (and often surprising) resources our presenters used to refine and redefine their innovation processes, principles and culture. From “children’s” stories to established toolkits and cutting-edge software & algorithms, getting innovation started is as much a science as it is an art.

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Topics: Best Practice

The value of failure in innovation

Posted by John Bessant on May 12, 2016 10:31:49 PM

Accidents will happen – and as far as innovation is concerned, that’s a good thing. Whilst much of our attention is on the focused efforts to bring new ideas to market or to effect process changes in systematic, planned and strategically targeted fashion, there are some times when Fate takes a hand. What might appear to be a failed experiment or a strange but ultimately useless outcome can sometimes turn out to be the basis of a game-changing innovation. Think about these examples …

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Topics: Innovation Culture

Best Of The Bonn Forum: Robert Neuhard On “New School” Crowdsourcing

Posted by Oana-Maria Pop on May 9, 2016 6:54:59 PM

As you’ve probably seen & heard by now, John Bessant’s talk on learning the new innovation game wasn’t the only intellectual delight (+ conversation starter) at this year’s Innovation Managers Forum in Bonn. Robert (Bob) Neuhard, Executive Director for Operational Strategic Initiatives at the University of California, San Diego (UCSD), delivered an equally rich & entertaining presentation on “new school” crowdsourcing or “Leveraging Collective Genius to Deliver Innovations that Advance Strategic Objectives” at his institution. Below, a summary of this talk, but the full talk is available to watch at the end.

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Topics: Crowdsourcing

Managing Open Innovation: one challenge/ coping strategy at a time

Posted by Oana-Maria Pop on Apr 27, 2016 12:59:44 PM

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).

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Topics: Open Innovation

Best Of The Bonn Forum: John Bessant On Learning The New Innovation Game

Posted by Oana-Maria Pop on Apr 26, 2016 6:33:18 PM

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.

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Topics: Strategy

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