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New
Era of Systemic Innovation
Innovation used to be a linear
trajectory from new knowledge to new product. Now innovation now is
neither singular nor linear, but
systemic. It has
different forms. It arises from
complex interactions between many individuals, organizations and
environmental factors. Innovation is not divisible – ‘good in parts’ is
no good at all...
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Why
Innovate?
Innovation
is the conversion of new knowledge into new products and services. Innovation is
about creating value and increasing productivity, and therefore growing your
business.
Success in business doesn't come
from feeling comfortable. With many markets becoming more and more
competitive as a result of new competitors from global or deregulated
markets, those who innovate best will win in the future. You need to accept
risk,
measure performance, and embrace
innovation.
In
today's technology-driven world, business life cycles have accelerated
exponentially, but good
innovation management basics always apply. The
challenge is to keep a step ahead of changing market conditions, new
technologies and human resources issues.
To remain competitive, today's companies need to do more than simply
deliver products or services that are better or cheaper than those of
their rivals. They must also add features, improve performance, and
reduce prices more quickly. They must be faster to launch new lines. To
grow, they may need to create entirely new markets and develop
venture
strategies.
Creating a Culture for Innovation
The question for leaders today isn’t if
culture is important for success but how culture can drive successful
innovation – and what, specifically, leaders can do to influence the
kind of culture that leads to behavior that’s truly innovative...
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The Jazz of Innovation
The improvisation-driven model for
innovation project
management doesn’t discard structure, just as there
is a clear structure to good jazz. In innovation, this structure is created
through
roadmaps, guiding principles,
business processes, systems and organizational
charts. Strategic-planning
and road-mapping processes cannot guarantee brilliant flashes of creative
insight, but they can prepare minds and increase the odds that such flashes
occur in real time. Thus structure, as chords do in jazz, serves as a basis
for improvisation,
experimentations,
discoveries and
innovation...
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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...
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Best Practices
Google: 10 Golden Rules
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Encourage creativity. Google engineers can spend up
to 20 percent of their time on a project of their choice.
There is, of course, an approval process and some oversight,
but basically we want to allow creative people to
be creative. One of our not-so-secret weapons is our
ideas mailing list: a companywide suggestion box where
people can post ideas ranging from parking procedures to the
next killer app. The software allows for everyone to comment
on and rate ideas,
permitting the best ideas to percolate to the
top...
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Leadership-Management
Synergy
Leaders: Lead improvisation.
Managers: Provide structure.
► Resulting synergy: Jazz
of innovation...
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The Art of Innovation: 9 Truths
By: Guy Kawasaki
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“Let a hundred flowers blossom.” I stole this from Chairman
Mao. Innovators need to be flexible about how people use their
products. Avon created Skin So Soft to soften skin, but when parents
used it as an insect repellant, Avon went with the flow. Apple
thought it created a spreadsheet / database / wordprocessing computer;
but, come to find out, customers used it as a desktop publishing
machine. The lesson is: Don't be proud. Let a hundred flowers
blossom...
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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...
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Lessons from Silicon Valley Firms
Deciding If Your Innovation Portfolio Has Enough
Stretch
Adapted from
Relentless
Growth, Christopher
Meyer
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Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess the
overall balance between
revolutionary and evolutionary projects. The ultimate arbitrator of
portfolio stretch if the innovation leaders’ judgment, experience,
intuition, and luck...
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The Five Factors that Make a
Project Successful
To be successful, a project must
have4:
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Agreement
among the project stakeholders – the team, customer, and management –
on the goals of the project...
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Innovation Process: Diversion and Conversion of Ideas...
Specific Mindset and Skill Requirements...
Systematic Approach to Innovation...
Systems Thinking...
Creative Leadership...
Strategy Innovation...
Process Innovation...
Value Innovation...
E-ventures...
Case in Point Dell
Computer Corporation...
Case in Point
General Electric...
Case in Point Nike...
Case in Point Charles
Schwab...
Case in Point Bunsha...
Case in Point Thermo
Electron...
Case in Point Corning...
Case in Point GE...
Case in Point Half.com...
Case in Point Silicon
Valley Firms...
Case in Point Microsoft...

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