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How much of innovation is inspiration, and how much is hard work? If it’s mainly the former, then management’s role is limited: Hire the right people, and get out of their way. If it’s largely the latter, management must play a more vigorous role: Establish the right roles and processes, set clear goals and relevant measures, and review progress at every step. Peter Drucker, with the masterly subtlety that is his trademark, comes down somewhere in the middle. Yes, he writes in this article, innovation is real work, and it can and should be managed like any other corporate function. But that doesn’t mean it’s the same as other business activities. Indeed, innovation is the work of knowing rather than doing.
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The founder of the concept of open innovation explains the concept, which includes stronger in- and out-flows of knowledge.
This book approaches the subject of innovation management as a strategic process, and is organized to mirror the strategic management process used in most strategy textbooks.
Why do we always seem to have internal difficulties to self-disrupt? Now that is an interesting question.
This guide explains how you can make innovation a key business process and outlines the different approaches you can take.
Prior to the coronavirus pandemic of 2020, exponential digital transformation was the biggest disruption many organizations and leaders within those organizations concerned themselves with.I.