Innovation Teams Don’t Work
An article on the VentureBeat website discusses strategies companies use to successfully grow while maintaining a culture of innovation. Two key characteristics of successful “innovation cultures” are that the job of innovation belongs to everyone in the company and that innovation requires risk. A big mistake, often made by technology companies,
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Do Patents Promote Innovation?
An article on the he IPWatchdog website notes that the emergence of mobile computing as a technology platform has been a game changing development in many ways. The ability to be connected anywhere and to have real time information at our finger tips has transformed the way we do business and live
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Open Innovation – Definition and Benefits
In this post on the IdeaGlow webite, Leila Durmaz cites Henry Chesbrough’s definition of open innovation: “…the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” She then supplements
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10 Reasons Companies Fail at Business Model Innovation
The Innovation Excellence website noted that companies fail at business model innovation because they’re so busy pedalling the bicycle of current business models they leave no time or resource to design new ones. Most companies focus innovation efforts on new products and on driving efficiencies
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Business Model Innovation: A Game Changing Strategy
The Viabmu website reports that according to Markides, successful invaders change the rules of the game by coming up with a whole new strategy and innovative business model. Business model innovation is the discovery of novel business models in an existing industry. Such an innovation either gets previously non-consumers
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Your Business Model is Obsolete
An article on the CNNMoney website noted that when Carlos Ghosn announced last year that Nissan, which he runs, will start making ultracheap cars for emerging markets under the revived Datsun brand — and will make a profit on them — the mainstream response was contemptuous. Make a profit
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Sustainability-Driven Innovators
The MIT Sloan Management Review reports that business model innovation is the bottom line of Sustainability-Driven Innovator success. In stark contrast to managers who say sustainability is not adding to profits, those who say that it is are more than twice as likely to report that sustainability
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Getting Biopharmaceutical Formula Right
The PWC website reports that as the biopharmaceutical industry faces a host of pressures that challenge its business model, R&D is undergoing the most dramatic revolution. New organizational models are all pointing outside—to partnerships, alliances, and even crowdsourcing. The human resources
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Why Companies Fail at Business Model Innovation
The Guardian website notes that companies fail at business model innovation because they’re so busy pedalling the bicycle of current business models they leave no time or resource to design new ones. Most companies focus innovation efforts on new products and on driving efficiencies into current
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Managing Intellectual Property
The Innovationmanagement website notes that as businesses increasingly shift to open innovation business models, they need to adjust their intellectual property rights management strategy. In particular, they need to determine how to interface the traditional “closed innovation” paradigm
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