Innovation Challenges are organized contests aimed at solving specific problems through creative ideas and novel solutions.
The framework around which an organization is designated, with reporting relationships, roles, responsibilities, and authority.
The Wisdom of the Crowd occurs when a large group collectively makes better decisions than a small group and even experts.
An organization that operates to achieve a social or environmental mission without a profit motive.
This article discusses the challenges of implementing innovation management in organizations and provides lessons learned from a failed attempt.
Constantly building and nurturing innovation resources is essential for sustained growth and success in organizations. Developing the right capabilities, competencies, and capacity for innovation is crucial, but often overlooked or not well-defined.
Innovation management can be simplified by using metaphors, like the Matador, to explain the importance of examining ideas that threaten the status quo.
Who is responsible for innovation in your firm? Many organizations lack a clear leader for this important business function. A Chief Innovation Officer can help evaluate and implement new ideas.
Executives must create a common innovation definition and language, and communicate the importance of innovation consistently and broadly to avoid chaos in the organization.