The Year in Innovation

The innovation industry took a hit this year, as executives dialed back on initiatives—and paid the price. But some encouraging trends also emerged. In 2009 the world was no longer flat; much of it was flat broke. Deflated by slumping sales and income, companies roundly did what innovation consultants say they never should—they cut spending on research and development. The U.S. drug industry, historically one of the most lavish spenders on research and development, announced the elimination of... Read more »

Innovation: Training & Coaching, Business Overlooked Imperative

Smart companies often pride themselves on training programs that introduce or enhance employees’ knowledge of corporate business practices. They promote mentoring initiatives that pair seasoned execs with rising talent. They create booklets or PDFs on corporate policy – and implore staff to read them. But introduce a business innovation initiative, and those involved are expected to just know how things are done. They’re supposed to possess some innate awareness of the concepts, the best practices,... Read more »

Practical takeaways of the 2009 Open Innovation Summit Presentation

Key points of the presentation by Robert Brands, entrepreneur and innovation coach, from the foam business success story and derived “Robert’s Rules of Innovation ™ ” presented at the 2009 Open Innovation Summit in Orlando last week. 1. Greater returns result when innovation addresses multiple dimensions rather than focusing on one area such as product innovation. Innovation must be applied on a broad spectrum encompassing process, finance, delivery, etc.. According to the... Read more »

The Paradox of Innovation from the 30,000-Foot Perspective: It’s About the Journey, Not the Destination

In the C-suites of corporate America, “innovation” has become a mandate. Executives – from CEOs to marketing officers – believe that to innovate is to embrace the Holy Grail of 21st Century business. But is innovation alone the answer? Is the end – innovation – capable of surviving solely as a mandate? Or is innovation a process, journey that seeks a destination refined and polished along the way? “Total Innovation” is a sojourn that mandates a total approach philosophy. However,... Read more »

Rethink: A Business Manifesto for Cutting Costs and Boosting Innovation

Rethink: A Business Manifesto for Cutting Costs and Boosting Innovation Author: Ric Merrifield Price: $18.24 Random Page from the Book Editorial Review Consumer Review Summary Description: It’s the trap that ensnares virtually every business. We focus on process: “how” we’re doing the job. And we forget about the bigger issue: “what” we’re doing and “why” we’re doing it. That’s why we’re leaving so much value on the table.... Read more »

New Product Development Requires Fresh Perspective on ‘Creative’ and ‘Structure’

New product development can be a misunderstood concept. Is the “product” actually a product? Or can it be a process? Is it a mandate from the C Suite? Or can it be a suggestion from the factory floor, the retail showroom, the Idea Box or a customer tip? How wide is your idea funnel? And how do you treat ideas once they land in the organization’s “idea hopper”? (see the blog post on “Innovation and Idea Management” to discover how to handle in-bound ideas). Answer these questions, and... Read more »

Innovation and Idea Management: From Ideation to Collaboration to Execution

Innovation thrives on a diet of news ideas. Alt: Innovation: What a great idea ! It needs new views, fresh thinking, a different perspective from across the organization. We’ve noted that Innovation = Creative x Risk Taking. Setting aside risk for the moment, creativity is a central element to the innovation process. But it must continually be nourished with new ideas from a variety of sources. Ideation is not a single event. It doesn’t originate from a single silo or one person or one... Read more »

Does a ‘Chief Innovation Officer’ Inspire Your Team?

Who inspires your team? Who develops the ideas, promotes an environment that fosters creative camaraderie, nourishes espirit de corps – and steers the organization toward greatness? In short, who is your Chief Innovation Officer? Every organization that grows by creating new products or services or aspires to out-class the competition needs a Chief Innovation Officer, or CIO. In Robert’s Rules of Innovation, “Inspiration” is the first and most important of the 10 imperatives. Inspiration... Read more »

Experimentation + Risk (+ Failure) = Improved Environment for Innovation

Thomas Alva Edison was a failure. It has been said that he “went back to the drawing board” more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb. Six thousand times. Do you have that kind of innovative stamina? It’s been said that Risk + Experimentation (+ Failure) = Improved Environment for Innovation. Put another way, Innovation = Creativity x Risk Taking. Innovation is an experiment of sorts. It requires a culture of... Read more »

Accountability: The Rudder of Innovation in a Changing Business Environment

As companies and organizations pursue innovation to transform themselves from what they currently are or offer, to what they want to become or provide the marketplace, accountability is the rudder that steers pursuits and prevents a wandering, directionless ship. Wikipedia defines “Accountability” as part responsibility and answerability, liability and enforcement, blameworthiness and consequences. “Accountability is defined as ‘A is accountable to B when A is obliged to inform... Read more »

Inspiring Innovation-From Small Startups to World Leadership Organizations Innovation is a Must for Business to Thrive and Perpetuate

How can your organization inspire Innovation?  With long-term commitment to progress of the process, leaders must drive the journey from start through finish. Clearly-defined expectations towards the progress, as well as a definitive end-result are imperative elements involved.  As a leader, one must inspire and drive the team.  Regular meetings and dedication to touching on progress week-by-week are mandatory, and a clearly-outlined definition of the desired culture of the company helps each... Read more »

The New Age of Innovation

Author: C.K. Prahalad Date Published: 4/08/2008 Price: $29.95 Random Page from the Book Editorial Review Consumer Review Summary Description: Prahalad and Krishnan show us how innovation will be driven by the seamless integration of strategy, business processes, technology, and people. While this may seem an insurmountable task, the authors delight the reader by creating an architectural framework for business transformation. I have yet to come across a book that offers such a clear roadmap.”-S.... Read more »

Design Driven Innovation: Changing the Rules of Competition by Radically Innovating What Things Mean

Design Driven Innovation: Changing the Rules of Competition by Radically Innovating What Things Mean Author: Roberto Verganti Date Published: 8/03/2009 Price: $35.00 Random Page from the Book Editorial Review Consumer Review Summary     Description: Until now, the literature on innovation has focused either on radical innovation pushed by technology or incremental innovation pulled by the market. In “Design-Driven Innovation: How to Compete by Radically Innovating What Things Means”,... Read more »

Braden Kelley: Blogging Innovation

A leading innovation and marketing blog from Braden Kelley of Business Strategy Innovation.  Read More →

The government must promote innovation

Why innovation is important for governments? The public administration program increasingly creates agendas, organizes conferences, and provides grants and awards based on innovation.Until now,innovations were related, discussed and dealt mainly from the viewpoint of entrepreneurs or innovative firms,but increasingly, the policy of innovation is an emerging discipline that many governments already include in their future plans. As an example, United States President Obama has dedicated part of the... Read more »

Technology and Technology changes

What are the types of technology changes? There are three types of trends and conditions — technology diffusion and disruptive technologies, the information age,and increasing knowledge intensity — through which technology is significantly altering the nature of competition and in doing so, is contributing to unstable competitive environments. Technology diffusion is the rate at which new products become available and are used. For example, when consumers switched to computers or... Read more »

Obama: Innovation key to improving the United States Economy The president of the United States, Barack Obama stated Saturday that the future economic prosperity depends on building a strong new foundation, and recapturing the “spirit of innovation.” Innovation has been crucial to our prosperity and will be important to our prosperity in the future,” Obama said in his weekly radio address, transmitted by the internet. taken over the past six months and have helped the stem of... Read more »

Innovation-Imperative of Innovation

Innovation-Innovation Management Imperatives of Innovation So much as been written and published about Innovation, the importance, the processes etc. Many books have been written about key elements in particularly best practices like culture creating, product development process, ideation. However, to create and sustain innovation it requires a complex combination and continued support of imperatives that need to be introduced, supported and continued to succeed. Aside from the obvious start from... Read more »

Innovation – Innovation Management – Innovation Strategies

Do you know what  innovation is and why it is important? Innovation is the process by which from an idea, invention or recognition of a need is developing a product, services or techniques to be useful and commercially accepted. According to this concept, innovation is simply the process of developing something new or is not known as a methodical study of the need, whether personal, group or organization, to achieve an economic growth goals. This means that innovation generates ideas that can... Read more »


Is there a valid answer about what innovation management is and how it operates? Is there a particular concept that can be applied to any organization, any kind of process and or perhaps to any family of products? My question today is what are you thinking about what idea or associate when you hear the word “innovation management“? In general, we understand that innovation is the improvement of a process. But it is not clear, for most people who drive business, where innovation is something... Read more »

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