By Vadim Kotelnikov, Inventor, Author, and Founder, Ten3 BUSINESS e-COACH – Innovation Unlimited, 1000ventures.com
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"Every organization – not just business – needs one core competence: innovation." – Peter Drucker |
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Yourself & Your Team |
Your Organization & Processes Sustainable Innovation Organization Managing Innovation by Cross-functional Teams |
Your Strategies Sustainable Competitive Advantage Radical vs Incremental Innovation |
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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... More
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 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... 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 Best Practices Google: 10 Golden Rules
Leaders: Lead improvisation. Managers: Provide structure. ► Resulting synergy: Jazz of innovation... More The Art of Innovation: 9 Truths By: Guy Kawasaki
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
Lessons from Silicon Valley Firms
Deciding If Your Innovation Portfolio Has Enough
Stretch Adapted from Relentless Growth, Christopher Meyer
The Five Factors that Make a Project Successful To be successful, a project must have4:
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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