Innovation

Too many executives confuse what an innovation is with what an innovation would do for them if they had one.

Consumers generate massive amounts of product innovation — which has significant implications for new product development.

According to von Hippel, users are often the first source of new products.

While network effects do affect market share flows, quality prevails.

Generating good innovation proposals from within the ranks of the organization is only the beginning. The more difficult part is creating a selection process that identifies which ideas to implement.

Increasingly, innovation is being applied to the development of new service offerings, business models, pricing plans and management practices.

Six practices can help companies implement licensing as part of an open innovation strategy.

MIT's Andrew McAfee says that evolving technology and the data deluge can enable companies to act smarter.

In his book “Reinventing Management,” Julian Birkinshaw urges businesspeople to give more thought to management models.

Esther Baldwin of Intel explains how IT tools, applied to the innovation process, can fuel business growth.