You are here

Innovation

Innovation is at the heart of any great business. But how do you know which ideas are worth pursuing? These articles will show you how to harness creativity in your business and how to keep innovating and trying new things. You'll learn how to stop wasting time and why failure can be positive. 

Can Western businesses survive the recession with cost-innovation strategies used in emerging markets?

Jack Smith, Zig Zag, Flowers Gallery

According to Peter J. Williamson and Ming Zeng, writing for the Harvard Business Review, Western businesses can cope better in these recessionary times by adopting cost-innovation strategies that have worked for emerging-market companies.

Unlocking value with social technologies

Noel Forster, Untitled, Flowers Gallery

Social technologies are a modern phenomenon. They have found favour with consumers at a faster rate than any previous technologies.

Should leaders create conflict to encourage creativity and innovation?

Tom Lovelace, Flowers Gallery

According to Saj-nicole A. Joni and Damon Beyer, writing for Harvard Business Review, certain types of leaders can create conflict in order to provide a spark for creativity and innovation.

How can entrepreneurs motivate themselves?

Jack Smith, Cascade, Flowers Gallery

Dr Steven Berglas discusses the source of motivation for entrepreneurs on Forbes.com.

The advice Berglass offers to those wishing to tap their inner entrepreneur is: What is it about this world that you want to change?

Wisdom, intelligence and creativity: the recipe for successful leadership

Michael Kidner, Flowers Gallery

In his 'Leading Edge' column on Forbes.com, Sangeeth Varghese discusses the 'WICS' model for creating leaders with its developer, Robert Jeffrey Sternberg.

Innovation advice for CEOs

The CEO's "innovation nightmare" is described by G. Michael Maddock and Raphael Louis Viton on Bloomberg Businessweek, as they impart some advice for chief executives who want to make their companies more innovative.

Harness your employees' creativity through innovation communities

Writing for the Wall Street Journal, JC Spender and Bruce Strong attempt to take the mystery out of innovation and its inspirations, insisting that a company's own employees are the main source of innovative ideas.

Want to innovate? Try doing nothing

According to Karen Duncum, writing for Bloomberg Businessweek, one of the most effective ways to innovate is ignoring the usual routine, putting your feet up and doing nothing.

How to use rivalry and competition to boost innovation in your company

According to Bernard T. Ferrari and Jessica Goethals, writing for McKinsey Quarterly, productive rivalry can spur innovation and help the development of products and services, and they cite such diverse evidence as the director of General Electric's Global Research Group, and the more surprising example of the Renaissance.

Three rules for developing better insights and ideas

Some rules on how to brainstorm and find the best insights are provided by G. Michael Maddock and Raphael Louis Vitón, writing for Bloomberg Businessweek. They promise you can use them by yourself or with others to come up with "solid ideas for innovation".

Unite and innovate: cut out conflict

In Harvard Business Review, Vijay Govindarajan and Chris Trimble discuss the conflict that sometimes arises between innovation teams and the people responsible for day-to-day operations. They believe the solution lies in organising an innovative initiative as a partnership of both entities.

Open innovation: prepare for changes

Writing for Bloomberg Businessweek, Stefan Lindegaard discusses 'open innovation' and the good and bad effects it can have on a company.

Encouraging innovation through the use of pay incentives

On Forbes.com, Donald Delves discusses ways in which pay can encourage innovation.

Innovation: turning ideas into reality

On the Bloomberg Businessweek website, Keck-Craig president Warren M. Haussler offers an insight into the job of turning a product idea into a prototype.

Can simulation tests save the cost of a bad appointment?

Extreme hiring is a new phenomenon explored by Nicole Perlroth on Forbes.com. "Psychological scrutiny and rigorous simulations are fast becoming a requisite part of the interview process," she says.   "The downturn has shed a decidedly unflattering light on subjective hiring practices," adds Perlroth.

A practical guide to brainstorming

Venuri Siriwardane of Inc.com shares some advice on running a brainstorming session and encouraging an open flow of ideas to spur innovation.

Assembling a more creative workforce

If you want to build an innovative company, you had better make it your business to find employees who think outside the box, says Inc.com, as the online business journal shares tips on hiring for creativity.

How to boost game-changing innovation with executive workshops

On Bloomberg Businessweek, Jeneanne Rae offers advice on driving innovation through conducting executive workshops, which she insists are far more productive and effective than basic brainstorming.

Why avoiding conflict can make it harder to get buy-in for your idea

On his HBR.org blog, John Kotter puts forward the theory that conflict can actually help in getting an idea accepted.

This will come as a surprise to leaders who put such a high value on consensus that they feel an urge to complete agreement on everything.

Stop wasting time and innovate

One way to become more innovative is to stop doing all the things that are wasting your time and sapping your energy, say G. Michael Maddock and Raphael Louis Vitón of Bloomberg Businessweek.

Exploding the myths of innovation

On the MIT Sloan Management Review website, Julian Birkinshaw, Cyril Bouquet and J. L. Barsoux dispel some popular myths regarding innovation in the modern business environment, pointing out that there is much conventional wisdom that no longer applies.

How to make your company’s products more competitive

Competition among global product makers is currently being reshaped by the rising tide of prosperity in developing economies.

What happens when innovation fails?

How do you deal with failure? Say, your startup company flounders, or your new product flops, or you simply get fired?

That’s the question posed by Whitney Johnson, writing for the HBR.org Blog Network. She admits that her initial response to failure is despondency and pessimism.

Why big firms struggle with innovation – and what they can do about it

Large, mature corporations are designed around the execution of delivery, rather than the art of discovery. For that reason, they don’t excel at innovation. They are driven by profit and efficiency, which tend to get in the way of innovative developments.

Pages

Subscribe to Innovation