More often than not, organizations start out with high expectations for a successful market launch, only to find that the results fall short of goals. A seemingly innovative idea fails to attract customers and never reaches its projected sales. A product worked brilliantly in a research laboratory, but fails to reach the target market. A […]
Innovation Made Simple
The word “innovation” appears everywhere in mission statements, strategy documents, and CEO speeches. As recognized by Wired, innovation is “the buzzword of the decade in the worlds of business and education.” Innovation may seem simple in concept, but creating a more innovative organization is far from simple in practice. Let’s cut through the blizzard of blog posts […]
Achieving Innovation Success in Phases and Frameworks
A Boston Consulting Group survey reported that 75 percent of executives surveyed ranked innovation as a top three priority with 22 percent selecting it as their top corporate priority. Despite the importance and priority, many organizations are still early in their work of establishing innovation as a competency as the same executives express a need […]
Realizing Innovation: It Takes a Village!
When executive management looks to improve a company’s innovation capability, their gaze typically settles on the group of technical folks; engineers, scientists and/or programmers collectively called something like R&D, Development or Engineering. I suppose this is a reasonable place to start, but true improvement needs to extend beyond the technical team as can be seen […]
Executing on Innovation within the Matrix
In an earlier blog post, Cory Hixson referenced an interesting book on executing innovation entitled Beyond the Idea, which discusses different types of innovation projects within larger organizations. While the book provides a good macro perspective on how innovation works in a larger company, implementation of an innovation effort of any reasonable size within a matrixed […]