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Innovation

  • 12 Essential Innovation Insights

    For decades, researchers have published their findings about innovation in MIT Sloan Management Review. Here are a dozen of the best insights.

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  • Creating Better Innovation Measurement Practices

    Finding the right metrics to track innovation is by no means straightforward. To avoid common mistakes, executives should take a holistic perspective on their company’s innovation process.

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  • Why Design Thinking in Business Needs a Rethink

    To reach its full potential, the popular innovation methodology must be more closely aligned with the realities and social dynamics of established businesses.

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  • Building a Winning Business Model Portfolio

    Many companies today are operating several business models at once. But despite the potential that business model diversification has for generating growth and profit, executives need to carefully assess the strategic contributions of each element of their business model portfolio.

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  • How to Catalyze Innovation in Your Organization

    The authors’ research suggests that, rather than leaving the development of innovation to serendipity, executives should create collaborative contexts where innovation is likely to emerge from unpredictable pockets of creativity within an organization. By understanding and tapping the power of employee networks, executives can stimulate the creation of these kinds of collaborative environments.

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  • Developing Innovative Solutions Through Internal Crowdsourcing

    Internal crowdsourcing, which seeks to channel the ideas and expertise of the company’s own employees, allows employees to interact dynamically with coworkers in other locations, propose new ideas, and suggest new directions to management. Because many large companies have pockets of expertise and knowledge scattered across different locations, harnessing the cognitive diversity within organizations can open up rich new sources of innovation.

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  • Leadership Development's Epic Fail

    Any approach to leadership development that tries to reduce the complexities of leadership to a series of standard boxes to be ticked or traits to be emulated will have little enduring impact.

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  • Harnessing the Secret Structure of Innovation

    Innovation, much like marketing and human resources, can be made less reliant on artful intuition by using information in new ways. But this requires a change in perspective: We need to view innovation not as the product of luck or extraordinary vision but as the result of a deliberate search process.

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  • Seeing Beyond the Blockchain Hype

    Blockchain has recently taken center stage in the conversation about management’s digital makeover. Many believe the impact of blockchain on the ways organizations function and produce value may be greater than other technologies that have grabbed most of our recent attention — data and analytics, the cloud, even artificial intelligence.

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  • Mastering the Digital Innovation Challenge

    Bringing digital innovation to an established company such as Volvo Cars requires carefully balancing new capabilities and core competencies.

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