February 22, 2012
I am giving a talk next week and I have been asked to give my views on innovation that works. Interesting question! After giving this some thought, I decided to focus on the below 3 kinds of innovation.
• Innovation that bring immediate results. This is the most typical kind of innovation that works. You innovate on products or services, they are successful and they bring up your revenues and profits.
• Innovation that helps your company build a ...
February 20, 2012
It is interesting to see how open innovation has brought a different kind of competition to market leading companies. It is the fight for innovation partners and the strongest innovation ecosystems.
In most industries, you have 2-4 market leaders and lots of smaller players. The big market leaders will fight each other hard to build their innovation ecosystems in which the smaller companies are key elements for success for the big companies.
It is my experience that it takes 3-...
February 3, 2012
One starting place for determining how to use social media to add value to your innovation efforts is to look at what you hope to achieve. This list can give you some inspiration for developing objectives for your use of social media:
• Psion, a maker of rugged mobile computers, gets better access to and interaction with their stakeholders through their IngenuityWorking.com community. SAP gets similar benefits...
January 28, 2012
First, I have to confess that I am a bit skeptical towards Italian business and innovation capabilities beyond high-end clothing and accessories due to several disappointments in the past.
It does not help when I look into Telecom Italia and their initiatives on (open) innovation.
My first encounter was @NextInnovation, a Twitter account for Next Open...
January 15, 2012
As an innovation leader or intrapreneur, you always have something to sell. In the end it is a product or a service, but during the development of a revenue-generator, you have to sell a vision to internal and external stakeholders.
You communicate that vision by:
• Developing a value proposition that can be adapted for various stakeholders, and then
• Capturing the very essence of the value proposition in a short and brief elevator pitch that focuses on the recipients...
