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Innovation and the Future Proof Bank
by Gardner James AInnovation, the conversion of the new to business as usual, is a very special business process. It is the business process able to reprogram all others. Creating the practices that make this process work is a key challenge for all in financial services that are worried about responding to the future. When an institution can identify things that are outside its present practices and convert them, production line style, into products, processes, cultural changes, or new markets, it will never be outpaced by internal or external change again. The institution becomes "FutureProof". This is a book about those practices in banks. It explains, using examples from institutions around the world, what it takes to create an innovation culture that consistently introduces new things into undifferentiated markets and internal cultures. It shows how banks can leverage the power of the new to establish unexpected revenue lines, or make old ones grow. And it provides advice on the social and political factors that either help or hinder the germination of the new in banks. Moreover, though, this is a book about the science of innovation in a banking context. Drawing from practices already highly developed in financial services-managing portfolios of assets to mitigate risk-it explains how practitioners can run their innovations groups like any other business line in the bank one that delivers a return on investment predictably and at high multiples of internal cost of capital. For leaders, Innovation and the Future Proof Bank provides the diagnostic tools to guide benchmarking and investment decisions for the innovation function. And for innovation practitioners, the book lays out everything needed to make sure that converting the new to business as usual is predictable, measurable, and profitable.
Innovation and the Multinational Firm: Perspectives on Foreign Subsidiaries and Host Locations
by A. PerriIn the changing geography of innovation, multinational corporations play a key role as creators of knowledge. Innovation and the Multinational Firm investigates how innovation is managed within these firms by focusing particularly on subsidiaries and host-locations.
Innovation and the Multinational Firm: Perspectives on Foreign Subsidiaries and Host Locations
by Alessandra PerriInnovation and the Multinational Firm.
Innovation and the State: Finance, Regulation, and Justice
by Cristie FordFrom social media to mortgage-backed securities, innovation carries both risk and opportunity. Groups of people win, and lose, when innovation changes the ground rules. Looking beyond formal politics, this new book by Cristie Ford argues that we need to recognize innovation, and financial innovation in particular, as a central challenge for regulation. Regulation is at the leading edge of politics and policy in ways that we have not yet fully grasped. Seemingly innocuous regulatory design choices have clear and profound practical ramifications for many of our most cherished social commitments. Innovation is a complex phenomenon that needs to be understood not only in technical terms, but also in human ones. Using financial regulation as her primary example, Ford argues for a fresh approach to regulation, which recognizes innovation for the regulatory challenge that it is, and which binds our cherished social values and our regulatory tools ever more tightly together.
Innovation and the Transformation of Consumer Law: National and International Perspectives
by Dan Wei Claudia Lima Marques James P. NehfThis book covers technologies that pose new challenges for consumer policy, creative developments that can help protect consumers’ economic interests, innovative approaches to addressing perennial consumer concerns, and the challenges entailed by emerging ways of creating and delivering consumer products and services. In addition, it reflects on past successes and failures of consumer law and policy, explores opportunities for moving consumer law in a different direction, and discusses potential threats to consumer welfare, especially in connection with the changing political landscape in many parts of the world. Several chapters examine consumer law in individual countries, while others have an international focus.
Innovation as Social Change in South Asia: Transforming Hierarchies
by Minna Säävälä and Sirpa TenhunenThis book examines innovation as social change in South Asia. From an anthropological micro-perspective, innovation is moulded by social systems of value and hierarchy, while simultaneously having the potential to transform them. Peterson examines the printing press’s changing technology and its intersections with communal and language ideologies in India. Tenhunen explores mobile telephony, gender, and kinship in West Bengal. Uddin looks at microcredit and its relationship with social capital in Bangladesh. Jeffrey surveys imbalanced sex ratios and the future of marriage payments in north-western India. Ashrafun and Säävälä investigate alternative dispute resolution as a social innovation which affects the life options of battered young wives in Sylhet, Bangladesh. These case studies give insights into how the deeply engrained cultural models and values affect the forms that an innovative process can take. In the case of some South Asian societies, starkly hierarchical and holistic structures mean that innovations can have unpredictable sociocultural repercussions. The book argues that successful innovation requires taking into account how social hierarchies may steer their impact.This book was originally published as a special issue of Contemporary South Asia.
Innovation as Strategic Reflexivity (Routledge Advances In Management And Business Studies)
by Lars Fuglsang Jon SundboThis book presents a new view of innovation, seeking to disclose how strategic reflexivity is embodied in specific innovation practices and management roles.From an evolutionary point of view, the contributors argue that firms and organisations are increasingly forced to take into account the growing complexity of the environment. To do this, they
Innovation as Usual
by Paddy Miller Thomas Wedell-WedellsborgTurn team members into innovatorsMost organizations approach innovation as if it were a sideline activity. Every so often employees are sent to "Brainstorm Island": an off-site replete with trendy lectures, creative workshops, and overenthusiastic facilitators. But once they return, it's back to business as usual.Innovation experts Paddy Miller and Thomas Wedell-Wedellsborg suggest a better approach. They recommend that leaders at all levels become "innovation architects," creating an ecosystem in which people engage in key innovation behaviors as part of their daily work.In short, this book is about getting to a state of "innovation as usual," where regular employees-in jobs like finance, marketing, sales, or operations-make innovation happen in a way that's both systemic and sustainable.Instead of organizing brainstorming sessions, idea jams, and off-sites that rarely result in success, leaders should guide their people in what the authors call the "5 + 1 keystone behaviors" of innovation: focus, connect, tweak, select, stealthstorm, (and the + 1) persist: Focus beats freedom: Direct people to look only for ideas that matter to the business Insight comes from the outside: Urge people to connect to new worlds First ideas are flawed: Challenge people to tweak and reframe their initial ideas Most ideas are bad ideas: Guide people to select the best ideas and discard the rest Stealthstorming rules: Help people navigate the politics of innovation Creativity is a choice: Motivate everyone to persist in the five keystone behaviorsUsing examples from a wide range of companies such as Pfizer, Index Ventures, Lonza, Go Travel, Prehype, DSM, and others, Innovation as Usual lights the way toward embedding creativity in the DNA of the workplace.So cancel that off-site. Instead, read Innovation as Usual-and put innovation at the core of your business.
Innovation as a Basis for Competitiveness
by Alexander Chursin Yuri Vlasov Yury MakarovThis book focuses on the theory and practice involved in the management of innovative activities that enhance the competitiveness of enterprises, industries and economies. It presents a multi-criteria approach to the problem of selecting effective innovative projects and innovative technologies that increase competitiveness in high-tech industries. Further, the book develops a mathematical risk assessment model, and proposes new approaches for systematically identifying and assessing the probability of risk emergence. Lastly, it demonstrates how simulation models can be used to assess the impact of innovative technologies on the competitiveness of high-tech products.
Innovation as a Game of Chutes and Ladders
by James M. UtterbackThis chapter draws together some earlier lessons and academic research to consider the relationship between the behaviors and strategies of firms with respect to technological innovation and long-term survival.
Innovation at 3M Corp. (A)
by Stefan Thomke Ashok NimgadeDescribes how 3M Corp. introduces and learns a new and innovative methodology called Lead User research to understand future customer and market needs. A team from 3M's Medical-Surgical Markets Division applies the Lead User methodology to the field of surgical infection control and discovers not only new product concepts but also a very promising new business strategy. Focuses on: (1) 3M's approach to the management of innovation and understanding market needs, (2) an in-depth description of the Lead User method and its potential as applied to the medical business, and (3) the managerial challenges of introducing novel methods into a successful organization.
Innovation at Mahindra & Mahindra (A)
by Stefan Thomke Briana Doerr LuthraDescribes the Mahindra & Mahindra Group's approach to innovation. The Group is among the top industrial houses in India and its managing director Anand Mahindra has put innovation at the core of its growth strategy. Emphasis is placed on managing the balance between structured processes and the creation of an environment in which radical innovations can succeed. The Farm Equipment Sector, one of the Group's largest and most successful sectors, is developing a revolutionary tractor outside its conventional development process with the help of a "Maverick" innovator. Not surprisingly, the project encounters numerous obstacles and setbacks. Focuses on: 1) the role of creative innovators in breakthrough innovations; 2) the need for process, structure and early feedback from markets; 3) the sources of radical product concepts; and 4) the marketing of innovations.
Innovation at Progressive (A): Pay-As-You-Go Insurance
by Frances X. Frei Hanna Rodriguez-FarrarConsumer auto insurance is a price-sensitive industry in which customers rarely pay a premium to a provider even for additional service features. Progressive spends more on additional service features than its competitors do; consumers don't pay extra for these features, yet the company makes money on a product its competitors often do not. Central to Progressive's success is its ability (a) to turn operational savings into value-added service and (b) to capitalize on its unique competencies through clever service design. Progressive is considering a national rollout of Autograph, a pay-as-you-go insurance service offering that recently completed a successful pilot in Texas.
Innovation at Progressive (B): Homeowners Insurance
by Frances X. Frei Hanna Rodriguez-FarrarAnalyzes whether Progressive, strictly an auto insurer, should enter the home owner's insurance market. The critical decision is whether the competencies that made Progressive succeed in the auto insurance industry can translate to the home owner's insurance industry.
Innovation at Timberland: Thinking Outside the Shoe Box
by Rosabeth Moss Kanter Ryan RaffaelliInnovation was linked to Timberland's heritage. In 2005, CEO Jeff Swartz and COO Ken Pucker hoped the Invention Factory, an advanced concept lab, would develop new breakthrough products and reinvigorate the company's culture of innovation. Since the 1960s, Timberland had relied on innovation, developing the world's first waterproof boot and, in the 1980s, category-defining boat shoes and day hiking boots. Creating variations of these core products, along with expansion into apparel, had sustained Timberland's business for more than 30 years. Timberland's growth in the past six years was due to increased international sales and new customer segments. As Timberland's leaders looked to the future, they hoped Doug Clark, a biomechanist, and his Invention Factory team would bring a scientific approach toward building the next generation of Timberland products and ideas. The team had to convince those in the mainstream business to accept their new ideas and integrate them back into the product line.
Innovation at Work: 55 Activities to Spark Your Team's Creativity
by Richard BryntesonMore and more organizations are realizing that the only hope for survival in an ultracompetitive landscape is through innovation: developing new and better products and services - and creating efficient processes for delivering them. Designed for managers, team leaders, and trainers looking to promote innovation at work, the book is packed with 55 activities to help participants: - Employ "visioning" and "brainwriting" processes to achieve breakthroughs - Cultivate a sense of curiosity and inquisitiveness - Utilize methods of deep observation - Build networks for open source innovation and creative collaboration - Use images to spark ideas and connections - Develop out-of-the-box techniques for problemsolving - Deal with failure successfully and productively - Spot trends and determine "the next step" Innovation at Work contains worksheets, questions, and case studies to inspire discussion as well as assessments for determining managers' openness to innovation. Innovation isn't just about the next iPod, and it's not just for scientists. This handy book provides readers with a roadmap for fostering creativity and innovation in any team in any industry.
Innovation at the Boston Consulting Group
by Robert G. Eccles Penelope Rossano Das NarayandasThis case is about how the Boston Consulting Group has approached innovation from its founding to the present day. It discusses the role of the firm's talent market and client market in developing these innovations.
Innovation at the Peripheries: Firm Strategy for Enabling Regional Advantages (Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth)
by Alba MarinoInnovation scholarship has traditionally leaned towards the analysis of innovation processes linked to conditions found in ‘core’ areas; well-functioning economic hubs and dynamic high-technology sectors. Although more recent work on innovation in emerging economies has begun to broaden the picture, innovation in the ‘peripheral’ regions and sectors of developed economies is still largely unexplored. This book is a unique exploration of how innovation processes operate in peripheral regions, while also looking at the key drivers and challenges organizations face in peripheral areas as they strive to innovate and compete globally. Adopting interdisciplinary approaches from management studies, economics and geography, this book blends theory-building and quantitative approaches to investigate the periphery and innovation nexus, with a focus on bibliometric approach, topic modelling, and patent-based analysis. It will be of great interest to scholars and students of innovation, strategic management, regional development and sustainability.
Innovation aus Leidenschaft: So gestalten Unternehmen kraftvoll eine passende Innovationskultur (essentials)
by Frank WeberGibt es nicht schon viele Bücher zum Thema Innovation? Ja! Doch Hand aufs Herz, so richtig erfolgreich sind die Innovationsprozesse in den wenigsten Unternehmen. Das ist nicht nur bedauerlich. Das ist gefährlich. Innovation ist weit mehr als ein Imagefaktor. Innovation ist überlebenswichtig – schon gar im Kontext der VUCA-Welt und immer kürzeren Innovationszyklen. Ohne die Fähigkeit zu innovieren, gefährden Unternehmen ihre Marktpositionierung. Die Liste der Ansätze, die Innovationsfähigkeit zu steigern ist lang (z.B.: Innovation Labs, Design Thinking, agile Methoden, Kreativitätstechniken). Hier wird viel probiert und kopiert – oft mit durchwachsenen Erfolgen. Warum? Vor allem, weil die Vorhaben, die Innovationsfähigkeit zu steigern, nicht mit der eigenen Unternehmenskultur abgestimmt sind. Nur das, was zur eigenen Kultur passt, hat die Chance, zum Erfolgstreiber von Innovationen zu werden. Und nur dann kann man in den Unternehmen erfolgreich mit den passenden Tools und Methoden arbeiten. Dieses Buch gibt seinen Leserinnen und Lesern Inspirationen, wie man im Unternehmen den passenden Rahmen baut, damit sich Innovationen aus Leidenschaft entfachen lassen.
Innovation by Creativity: Fifty-One Tools on How to Solve Problems Creatively
by Max Van Leeuwen Hans TerhurneFeatures a tool selector by which the reader can determine which tool is appropriate for the various components of a creative program. This title helps you in the cooperation of imagination and sense through the use of different methodologies.
Innovation by Design: How Any Organization Can Leverage Design Thinking to Produce Change, Drive New Ideas, and Deliver Meaningful Solutions
by Thomas Lockwood Edgar PapkeWhy are some organizations more innovative than others? How can we tap into, empower, and leverage the natural innovation within our organizations that is so vital to our future success?Now more than ever, companies and institutions of all types and sizes are determined to create more innovative organizations. In study after study, leaders say that fostering innovation and the need for transformational change are among their top priorities. But they also report struggling with how to engage their cultures to implement the changes necessary to maximize their innovative targets.In Innovation by Design, authors Thomas Lockwood and Edgar Papke share the results of their study of some of the world&’s most innovative organizations, including:The 10 attributes leaders can use to create and develop effective cultures of innovation.How to use design thinking as a powerful method to drive employee creativity and innovation.How to leverage the natural influence of the collective imagination to produce the &“pull effect&” of creativity and risk taking.How leaders can take the &“Fifth Step of Design&” and create their ideal culture.Innovation by Design offers a powerful set of insights and practical solutions to the most important challenge for today&’s businesses—the need for relevant innovation.
Innovation durch Management des Informellen
by Markus Bürgermeister Fritz Böhle Stephanie PorschenIn diesem Buch zeigen die Autoren, wo die Erfolgspotenziale bei Organisationen liegen und wie sie mithilfe von Managementstrategien sowie Organisations-, Personal- und Kompetenzentwicklungskonzepten realisiert werden können. Die im Verbundprojekt KES-MI (www.kes-mi.de) erarbeiteten Instrumente zielen darauf ab, Unbestimmtheit und Offenheit als Charakteristika innovativer Arbeitsprozesse nicht nur zuzulassen, sondern diese Eigenschaften als Potenzial zur Steigerung der Innovationsfähigkeit zu nutzen und zu fördern.
Innovation for Growth: Wachstum traditioneller Industrieunternehmen durch strategische Innovation (essentials)
by Lucas Sauberschwarz Lysander Weiß Tomas Smetana Christine GrübelDigitalisierung, Nachhaltigkeit, globaler Wettbewerb und geopolitische Rahmenbedingungen stellen traditionelle Industrieunternehmen vor neue Herausforderungen. Um diese mit der Identifizierung, Entwicklung und Realisierung passender Geschäftspotenziale erfolgreich zu adressieren, braucht es strategische Innovation. Wissenschaftlich fundiert und mit zahlreichen Praxisbeispielen erläutert dieses Buch die dazu notwendigen dynamischen Fähigkeiten für Organisationen und zeigt einen systematischen Ansatz, um diese zu etablieren und anzuwenden. Für Entscheidungsträger dient das Werk zugleich als Weckruf und Lösung, um im hochdynamischen Marktumfeld des 21. Jahrhunderts dauerhaft erfolgreich zu sein.
Innovation for Social Change: How Wildly Successful Nonprofits Inspire and Deliver Results
by Leah KralTransform your nonprofit&’s ability to innovate for the future In Innovation for Social Change, distinguished author Leah Kral delivers a practical manual for nonprofits and charitable organizations seeking to innovate their way toward new and exciting possibilities. In the book, you&’ll explore hands-on design thinking strategies and techniques you can use as a disciplined process for exploring what&’s possible in your organization. You&’ll learn how to identify hidden needs, deal with the knock-on effects of your ideas, and focus your efforts where they can have the most impact. You&’ll also discover how to transform your ideas into action, building small experiments and learning from them before scaling them up organization-wide, and how to create an ecosystem for everyday innovation. Finally, the author explains what we can learn from social entrepreneurs as they boldly challenge the status quo. The book also includes: Six basic and mutually reinforcing principles that will help you become more innovative today Instructive and engaging case studies from nonprofits with a variety of missions, visions, and political backgrounds Strategies for applying straightforward principles from economics to supercharge nonprofit innovationA can&’t-miss roadmap to creative innovation, Innovation for Social Change will earn a place in the libraries of nonprofit board members, managers, fundraisers, and other professionals in the charitable space.