Sustainable Growth:

Innovation Strategy

Continuous Innovation

Changing and Adapting to Suit Your Changing Business Environment

 

   

 

If your business is to survive in today's rapidly changing environment, your should either manage change or change management.

 

    

  

  

Inspirational Leadership

10 Roles

  1. Make relentless innovation a religion... More

Systemic Innovation Business Innovation Organizational Innovation Strategy Innovation Technology Innovation Process Innovation Product Innovation Creative Marketing Vadim Kotelnikov Quotes 1000ventures.com Ten3 Business e-Coach (full version) Innovation Management: 7 Areas of Systemic Innovation

 
 

 

Types of Changes in the Marketplace

  • Continuous organic change

  • Radical, or discontinuous, change driven by radical innovation

5 Strategies for Creating a Culture of Questioning

Innovation Practice Tips

By: IDEO

  • Break rules and "fail forward" so that change is part of the culture, and little setback is experienced... More

Systemic Innovation

7 Interwoven Areas

  1. Business Innovation

  2. Organizational Innovation

  3. Strategy Innovation... More

 

 

Organizing for Innovation

Three Aspects

  1. Corporate Culture

  2. Business Processes

  3. Organizational Structure... More

Two Main Sources of Sustainable Competitive Advantage

  1. Continuous Improvement Culture: continuous effort to improve organizational climate and productivity of the core business in response to continuous changes in the marketplace.

  2. Durable Corporate Venture Strategy: internal investment in innovation and new product/service development, new business creation, and external venture investing in new technologies and emerging markets... More

Mastering Continuous Innovation

Main Assumptions8

The Jazz of Innovation

11 Practice Tips

The Jazz of Innovation: (A) create a guiding structure and (B) encourage improvisation.

  1. Provide strategic alignment.

  2. Challenge assumptions

  3. Build cross-functional expertise... More

Business BLISS

Balance – Leadership – Innovation – Synergy – Speed

Inspirational Business Plan: Successful Innovation

Brief History: "Past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models." – Akira Mori... More

10 Commandments of Innovation

Systemic Innovation

Innovation used to be a linear trajectory from new knowledge to new product. Now innovation is neither singular nor linear, but systemic. It arises from complex interactions between many individuals, organizations and environmental factors. Firms which are successful in realizing the full returns from their technologies and innovations are able to match their technological developments with complementary expertise in other areas of their business, such as manufacturing, distribution, human resources, marketing, and customer relationships.... More

Continuous Change as a Norm

Companies, like any living organism, must become learning organizations that change and adapt to suit their changing business environment.

According to Bill Gates, if you don't practice the change management that looks after the future, the future will not look after you. "...The tendency for successful companies to fail to innovate is just that: a tendency. If you're too focused on your current business, it's hard to look ahead..." The constant formation of new units within a corporation is one means of gearing up to change.

To determine the improvements to make in response to the change, you should continuously:

Changes – the Source of Opportunities

Innovation is the specific tool of entrepreneurs. Doing new things, or doing old things in new ways is how entrepreneurs exploit change as an opportunity for a different business or a different service. Entrepreneurs see change as the norm and as healthy; they always search for change, respond to it, and exploit it as an opportunity.

Innovation can be approached methodically, by a purposeful and organized search for changes and by identifying the opportunities that such changes might offer. In your search, focus on opportunities, not problems, these changes can bring along. Results come from exploiting opportunities, not solving problems.

Entrepreneurial Leader: 4 Specific Attributes

Turning Problems Into Opportunities: 6 Tips

Entrepreneurship as a Continuous Source of Innovation

Many people equate entrepreneurship with an individual and his or her startup company. However, establishing entrepreneurial small business in a big organization has become very popular in today's rapidly changing and complex world.

Yin-Yang of Entrepreneurial Creativity

Many organizations,  willing to exploit the benefits of new product/service development as internal ventures, will need to change their mindset, redefine their concept of organization and loose controls in order to expand their capacity for speed. Mastering of the new business systems approach to managing projects aimed at development of innovative products and services will help corporations to move with speed to capitalize on emerging technology and market opportunities.

Creating a Culture for Innovation

Innovation-friendly Organization

Inspiring Culture: 5 Elements

By: Soren Kaplan

Shaping culture, especially when it comes to creating a culture of innovation, is a daily task that involves elevating the mundane to the strategic.

By managing the strategic levers of culture, and by practicing the strategies of envisioning, communicating and sponsoring, it becomes possible to create a culture of innovation and drive long-term strategic advantage... More

DOs and DON'Ts of a Successful Innovator

By: Peter Drucker

DOs: Start small – try to do one specific thing...

DON'Ts: Don't undershoot, or you will simply create an opportunity for competition... More

Innovation Is Love

Strategic Innovation

Strategic Innovation is the creation of growth strategies, new product categories, services or business models that change the game and generate significant new value for customers and the corporation... More

Managing for Results

To achieve results, you should develop a solid, sound, customer-focused, and entrepreneurial strategy, aimed at market leadership, based on innovation, and tightly focused on decisive opportunities... More

Road-Mapping

The goal of the road-mapping is to develop the innovation strategy – to choose and do the right things. The goal of innovation management is to implement this strategy well.

Road-mapping leads to effective project portfolio development and management. It provides for company-wide technological strategy development and technology assessment, as well as division-level project evaluation and strategic aligning. Road-mapping tools provide also a common language for innovation and building bridges between technologists and business managers within your corporation, and with you major suppliers and customers... More

 

 Discover much more in the

FULL VERSION of e-Coach

Understanding the Present and Preparing for the Future...

Principles of Innovation...

DOs and DON'Ts of a Successful Innovator...

Internal and External Sources of Changes...

Innovation as a Mindset and Corporate Strategy...

Forming the Business Audit...

Managing Radical Changes: The Tasks of CEO...

Innovation and Kaizen Continuous Improvement Strategy...

 Case Study  Relentless Approach to Innovation in the Silicon Valley...

 Case Study  Charles Schwab...

 Case Study  GE...

 Case Study  Bunsha...

 Case Study  Thermo Electron...

 Case Study  Corning...

 Case Study  Google...

 Case Study  IDEO...

 Case Study  Fun4Biz...

 
 

 

References:

  1. The Practice of Management, by Peter Drucker

  2. Management: Tasks, Responsibilities, Practices, by Peter Drucker

  3. "The Frontiers of Management", by Peter Drucker

  4. "Managing in Time of Great Change", by Peter Drucker

  5. Kaizen: The Key To Japan's Competitive Success, Masaaki Imai

  6. The Road Ahead, by Bill Gates

  7. "Roads to Success", by Robert Heller

  8. "Relentless Growth", Christopher Meyer

  9. "Inspiring Innovation", Ellen Peebles, Harvard Business Review on The Innovative Enterprise

  10. "Innovation and Entrepreneurship," Peter Drucker

  11. 7 Dimensions of Strategic Innovation, InnovationPoint

  12. Humorous Innovation Quotes

Ten3 Global Business Learning Report

What Leaders Strive To Learn = Where the World is going

Innovation Management     United States

  More countries and learning areas

 

Humorous Business Plans

How To Succeed In Innovation

Inspirational Business Plans

Successful Innovation