Often the news of a large corporation buying out a start up is met with cynical press that somehow infers the act is driven by an inherent lack of imagination on the part of the corporate buyer. But what if the approach is simply a rational response to the costs of innovating and the benefits of a large balance sheet? James Price argues the case in a recent Business Insider article citing examples form many different industries. When looking at your innovation portfolio do you spend enough time considering acquisitions?
Walmart has created an innovation lab in San Bruno, California. That’s exactly 1,849 miles from Bentonville. technology review details what makes this lab different and what Walmart hopes to achieve in acquiring a tech start-up and creating the innovation lab. One point that deserves quote here: “Subramaniam credits Walmart for maintaining the startup culture after the acquisition.” If Walmart, notoriously cost, culture, and supply chain focused, can do this what’s stopping your company?
Innovation isn’t just a business need, it’s necessary for efficient governance as well. Thomas Friedman discusses two government initiatives that use limited funds and regulatory power to stimulate innovation. When schools compete for limited funds in “Race to the Top,” schools submit improvement plans in search of funding awards. Even those that lose, he argues, often implement their plans without additional funding. On the regulation side, a rise of fuel efficiency standards means companies invest in innovative technology without the fear of falling behind the profitability of competitors.
CNN has an in-depth look at what drives (and limits) creativity in an office design, tracking through a who’s who of innovation to tell the story. If you’ve never heard of the Action Office its well-worth the time to find out how things went so wrong.
Have you taken a break today? Forbes describes how mundane activities like talking with a coworker, going for a walk, or even brushing your teeth can give you a fresh perspective and help you work more efficiently.
Not only are these innovations that will change the way you travel from Big Think interesting, it’s a great example of the myriad ways innovation can take form; including radical (maglev trains), disruptive (bike share), incremental (electric cars), and process (air traffic control).
I think this says it all, great read in this post by Sam McNerney on big think: “The labor of love aspect is important. The most successful scientists often are not the most talented. But they are the ones who are impelled by curiosity. They’ve got to know what the answer is.”
“If you can dream it, you can do it” – Walt Disney
Try for yourself to solve some of the puzzles found in the link below to Innovation Excellence and read on to see how it demonstrates a fundamental belief on how our brain approaches creative problems.
How to tell if you are an innovator: Many times when faced with innovating, many people resort to the “I am just not an innovative type of person”. In this blog Jeffrey Phillips discusses key attributes that contribute to a successful innovator and explains how one who feels this can change their outlook
Over at the Innovation Excellence blog Braden Kelly discusses essential parts of an innovation team in this excerpt from his book Stoking Your Innovation Bonfire. Ideally, you’d have someone to fill each role in your organization. How might the Osmotic Innovator find a way to leverage all of these talents in a smaller team?
According to Kelly the Nine Roles include: Revolutionary, Conscript, Connector, Artist, Customer Champion, Troubleshooter, Judge, Magic Maker, and Evangelist – which are you and are there other types of team member that an innovation team can benefit from?
The Potential for China: According to this note extracted from the China Daily on Next Big Future China already has a force of 120 million skilled workers, managers, and professionals. They expect this to expand to 180 million by 2020. What competitive and innovation pressure will a 50% increase in leadership mean and how will your company respond to or leverage this?
You may be focusing on developing new business opportunities in one of the BRIC – Brazil, Russia, India, and China – but Ernst & Young think you should look a level deeper, at what they call Rapid-Growth Markets (RGMs). The Winter edition of the forecast for these markets is well worth a read if your company is focusing on this type of innovation and growth.
In the open office plan being adapted by more organizations, management must be willing and open to change and allowing increased interactions. As this article points out, there are many benefits to embracing an open office design.
Check out this list of 15 amazing playgrounds from around the world. Is it any wonder kids are more creative? This is also an example of how many ways there are to creatively solve a problem – here finding a way to create space that kids can use to play and that is also visually stunning.
According to this article by Brenna Sniderman published on Forbes.com the most successful teams include all five personality types. Click through to read about Movers and Shakers, Hangers-on, Experimenters, Star Pupils, and Controllers. Which are you and which are missing from your team?
The team at Fast Company gives 9 reasons you should work at a corporate job rather than a start-up. We’ll let the author, Jeetu Patel, sum it up; “Startups can be amazing places to work, and the euphoria surrounding them has a high degree of contagion. But future leaders have unique lessons to learn by working for larger, more established companies as well.”
In previous blogs, we have explored the topic of groups and interactions among people and have described the drawbacks as well as importance of including people from outside a specific type of organization. In this article, Jose Baldaia provides an argument on the importance of a team and the power of the contributions it can provide to a company.