My Top 10 Strategic Innovation posts
Copyright by Stephan Klaschka 2010-2024
Here are my favorite Top 10 posts on Strategic Innovation:
1. Part 1 of 3: What does it take to keep innovating?
Can strategic innovation rely on creative chaos? – The answer is: No! Read what it takes to consistently innovate with a cool example of a successful product innovation process.
2. Part 2 of 3: How to become the strategic innovation leader?
What is an innovation leader? Is this role similar to an innovator? The answer is ‘No’. Recognize the three key roles in innovation, how to find an innovation approach, and avoid critical pitfalls.
3. Innovation Strategy: Do you innovate or renovate?
Not everything new is an innovation and some is more renovation than innovation. Here is a framework that helps to distinguish an innovator from a renovator. It works for entrepreneurs and intrapreneurs alike, as it is important to understand which role you play and when. It all depends on what you need to achieve and what is critical to reach your goal!
Creating value through new products is not enough. Capturing the value requires equal attention in the innovation process. Focusing on creativity and neglecting execution along the value chain is a costly mistake!
5. Why too much trust hurts innovation
Most managers understand that trust is a key ingredient to effective collaboration and innovation. Yet, few actively try to cultivate and nourish trust in their own organization to achieve the right mix of trust and constructive tension.
6. Imitators beat Innovators!
You thought Facebook was the original? Or YouTube? Or LinkedIn? – Get ready for your wake-up call! Popular breakthrough innovations are overrated. Imitators are successful by combining someone else’s innovation with the imitator’s advantage and by doing so they can become innovators themselves!
7. Boost ‘Group Intelligence’ for better decisions!
Group intelligence can be increased for better decision-making – or why you should not rely on a group of geniuses! New research breaks ground to understand collaborative intelligence. Here is how to apply it to the workplace.
8. Collective Intelligence: The Genomics of Crowds
Group intelligence beats individual brilliance – and businesses are willing to pay for the crowd’s wisdom in the social sphere. MIT’s ‘genetic’ model allows combining social ‘genes’ to harness the collective intelligence of crowd wisdom successfully and sustainably. Areas of application are broad and include, for example, scientific research but also businesses and Business Resource Groups (BRGs).
9. Overcoming the Three Big Hurdles to Innovation in Large Organizations
Driving innovation in large organizations is challenging. Read what (predictable) hurdles to expect and how to overcome them.
10. 10X or 10% - Are you still ready for breakthrough innovation?
How can you maintain the innovative pace of 10X return of investment (ROI) when the innovation rate tends to sink closer to 10% (or less) in matured companies?
Stay tuned for my next post: Strategic Benefits of the Devil's Advocate: How Constructive Dissent Drives Innovation and Better Decision-Making