Companies have been moving away from do-it-yourself (DIY) innovation to proactively team with customers, suppliers, start-ups, and universities to develop new products and solutions for years....
Back in 1999, both Apple and Iomega were struggling companies. Apple’s history is well documented....
Joel M. Podolny and Morten T. Hansen’s article in the December 2020 edition of the Harvard Business Review, “How Apple Is Organized for Innovation,” is a fascinating read....
Over the last 10 years or so, as companies have matured their new-growth innovation capabilities, two organizational models have emerged. One model carves out new-growth innovation and manages it as a separate portfolio from the core business. The other model keeps core and...
If you’ve ever been inside your company’s boardroom to observe how executives make innovation investment allocation or project prioritization decisions, you have likely seen them use one or more of the following approaches....
Corporate innovation teams have always been challenged to focus on projects that will have the highest returns. Sometimes, our enthusiasm for new ideas can cause us to over inflate the innovation pipeline. The pandemic has presented a new pressure, one that is focusing attention on...
Transforming an organization’s innovation capability is hard work. We all know that....
“Do I design improved innovation processes before I implement enterprise software tools, or do I start out implementing software tools that claim to have best practice innovation processes built in?” This is one of the most frequently asked questions I get from companies working...
The benefits of organizing project work using a small, cross-functional core team structure have been around since the early 1990s, when Wheelright & Clark published their seminal research in “Revolutionizing Product Development.” My colleagues and I used to joke that a project’s entire core team...
New Data from Industry Leaders Shines Light on Direct Materials Spend and Strategy....