Organizing for Game Changing Innovation
The case for game changing innovation The notion that innovation is a key driver of top-line growth and total shareholder return is widely accepted among business leaders everywhere – as evidenced by their ongoing (and escalating) commitment to investment in innovation initiatives and new product development. The case for more radical, game changing innovation—the kind […]
How to Develop an Innovation Strategy
Three months after the “big innovation kickoff,” the pipeline looked great on paper: dozens of ideas, energetic teams, a new portal, and plenty of activity. Yet the leadership team still asked the same blunt question in the quarterly review: “So…what changed?” That moment is where innovation strategy stops being a buzzword and becomes a management […]
How the ZF Innovation Team improved their Innovation System.
Gandert van Raemdonck, Head of Innovation at ZF Commercial Vehicles, discusses how innovation drives the future of automotive by building the next generation of commercial vehicles.
Making Open Innovation Stick
The publication, in 2003, of Henry Chesbrough’s book “Open Innovation” spawned a movement that has since swept across the industrial landscape and changed forever how companies think about innovation. The ideas were not new. In some cases they date back to the 1960s to the work in inter-firm R&D collaboration and they borrow from other […]
Nurturing Corporate Venture Incubation
What is Corporate Venture Incubation? When innovating the “next big thing” is top priority, nearly a quarter of large U.S. companies now rely on in-house product or corporate venture incubation to lead the way, according to a recently published survey. In addition to creating a startup-like aura that attracts the best and brightest employees, the incubators […]
Collaborate when you innovate
In this first article of a two part series we examine collaborative innovation at the front end of the innovation process. We examine how bringing in new voices from outside your organisation can help to drive breakthrough innovation and push beyond the typical incremental thinking. In a second article in early 2012 we will look at the backend of innovation, i.e. how to use collaborative innovation to develop and experiment with new opportunities.