Guest Post

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Eliminating Uncertainty: How to Manage Innovation Risk in 3 Easy Steps

Herman Kahn – futurist, author, and inspiration for Stanley Kubrick’s “Dr Strangelove” – once described risk taking as “the essence of innovation”. It’s a fair assessment. Afterall, innovation often means abandoning an old, well-established practice in favour of something potentially greater, but less predictable. Business leaders are thus faced with a challenge – discovering a way to achieve disruptive innovation...

Why Your Company Needs To Forget the Past in Order to Create a Brighter Future

How Kodak Failed To Navigate Digital Disruption In Spite Of Investing In It When thinking about the challenges of disruptive innovation – one of the most commonly cited examples is Kodak’s failure to capitalize on it’s dominance during the shift from analogue to digital. However, common assessments of why Kodak failed are quite one-dimensional. They fail to touch on the real...

The Importance of Casting a Wide Net in Corporate Open Innovation

Dr. Bornhofen is a practitioner-scholar who has a passion for helping organizations adopt change, act on new ideas, and grow through innovation. His Doctorate degree (2012) in Management focused learning in the areas of organizational change, leadership theory, and strategy. Read on to discover innovation best practices from Robert’s experience working at a range of renowned companies, including Citibank, Delta...

Successfully Merging Innovation Theory and Practice in your Program

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading...

3 of the Best Innovation Team Formulas and When to Ignore Them

You’ve heard this cliché many times before: innovation is all about people. Even if you’re an avid fan of artificial intelligence, you hardly expect robots replacing humans as innovators any time soon. And if you agree with another popular cliché, the one saying that innovation is a team sport, you will come to a natural conclusion that in order to...

Matching Crowdsourcing to Specific Stages of Business Model Innovation

I like to argue (for example, here) that one of the major reasons crowdsourcing has not yet become a mainstream innovation tool is a paralyzing uncertainty over the question which technical or business problem can be successfully solved by using this approach. In this piece, I want to shed some light on the issue by proposing a simple model that...

Can an Open Innovation Challenge Methodology Help Solve the Refugee Crisis?

In 2015, an overcrowded boat carrying a group of Syrian refugees capsized and sank off an island in Greece. At least 34 people, including 15 children, died in this accident alone. Coming atop of the heartbreaking image of a drowned Syrian toddler washed ashore a beach in Turkey , this news epitomized the scale and severity of the humanitarian disaster...

Three Reasons for your Company to Write an Innovation Charter

It’s one thing to realize that innovation is an integral part of the long-term viability of a business. It’s quite another to know exactly what kind of innovative practices will maximize ROI and minimize risk. Having a comprehensive innovation plan in place – detailed in a charter and supported by senior leadership – can help reduce uncertainty and ensure idea management...

Need an Ah-Ha Moment? Why Crowd-Sourcing Can Mimic That Individual Flash of Brilliance

  Eureka!  When we have a problem, this is the ‘Ah Ha’ moment that we all hope for. A flash of brilliance that saves the day, the project, or even our job! Going back to Archimedes, innovation is replete with examples of this somewhat mysterious, but extremely useful event. For example, one of Einstein’s key insights in developing special relativity...

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