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Monitor Your Innovation Capability in these Three Areas

Destination Innovation

Secondly, check the efficiency of your innovation evaluation process by monitoring how many ideas make it through the initial selection and into the next stage as projects. Thirdly, check how many projects become prototypes and how many prototypes become new products. How many people are engaged in innovation activities?

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15 most important Innovation Theories your company should be using

Idea to Value

What it is: One of the most important theories of innovation, but one which is usually completely misunderstood. Companies which want a structured system to manage a funnel of ideas and projects (e.g. But I would also recommend the following books: 8 – Effective Brainstorming.

Company 254
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Is Organizational Structure The Secret to Innovation?

Leapfrogging

To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that ultimately turn into big innovations. Bahcall’s book argues that the first step is to balance innovation with execution.

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How Behavioral Economics is Killing Innovation

Innovation Excellence

When my daughter Maya was in middle school, she decided to repeat a behavioral economics experiment featured in Dan Ariely’s book Predictably Irrational for her science project. In her experiment, she offered participants from the control group two options. Facebook access, she suggested, was going to cost money.

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A Structured Cultural Approach Managing Uncertainty

Innovation 360 Group

Masterful innovators aren’t just throwing stuff at the wall to see what will stick (although there is a time and place for this kind of experimentation), they are structured, methodical and systematic in organizing their innovation projects. Building a culture of innovation. Why do we innovate? What do we innovate?

Culture 83
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Creative Construction – Book review

The Inovo Group

Well-respected Harvard Business School professor and HBR contributor Gary Pisano has weighed in on the topic of large company innovation in his new book ‘Creative Construction’. He makes a compelling case that being ‘large’ doesn’t have to mean being non-innovative, or growing only through the acquisition of innovative start-ups.

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The trough of innovation disillusionment

Paul Hobcraft

Over time our organizations are finding increasing reasons to put off the more radical innovation that is needed. Incremental innovation is safe and contains all the risks within acceptable levels, so it allows the organization to keep its fixation on the short-term as its only line of site (and executive pay-off).