The days of a single management guru having a neat and tidy model of corporate innovation are long gone. For 2017, any company serious about innovation must constantly be scanning the landscape from diverse sources. To help you get a head start on your 2017 corporate innovation plans, we’ve compiled the best ideas all in one playbook covering the following topics:
1. Corporate Innovation Strategy
2. Engaging the Ecosystem
3. Innovation as DNA
5. “Every contemporary company
has to be a balanced mix of
established products and new
products that are searching for
profitable business models.”
- Tendayi Viki
Tendayi introduces a useful five part
framework for how established
companies can manage the inherent
tension of managing both established
products and new innovation.
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7. “Successful Innovation Outposts typically
develop over a period of time through three
stages. In the first stage the Outpost
focusses on networking and partnering in the
Innovation Cluster in which it is based (i.e.
Silicon Valley, Boston). In the second stage,
it moves into Investing, Inventing, Incubating
and Acquiring technologies and companies,
and in the third stage building product(s).”
—Steve Blank
Steve shares the details of the
three stages of setting up a
corporate innovation outpost,
including key questions and
milestones.
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9. “You have no dedicated
system for keeping track of
startup ecosystem interactions
and information.”
—Tytus Michalski
Tytus reviews this and four more
warning signs about innovation
strategy and outposts along with
the solutions for how to fix these
problems.
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12. “The most innovative
companies are also the most
valuable.”
— Kite
Both the data and the anecdotal
stories combine for compelling
evidence that the most innovative
companies are engaging
proactively with startups in many
ways to create more value for all
stakeholders.
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14. “Just as momentum is the
product of mass and velocity,
the ecosystem with the most
participants and fastest
turnover of ideas will be the
most successful.”
— Martin Curley
Martin provides case studies,
context and 12 principles for
successful ecosystem innovation
across companies, customers and
other partners.
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15. Where are the opportunities in the global ecosystem?
16. “We love small businesses, we
love young people, and we
love women.”
— Jack Ma
Jack Ma shares his views on global
ecosystem opportunities and more
during an interview with Stanford
GSB.
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19. “To better understand how
Google innovates, I took a
close look at what it’s doing in
one area: Deep Learning.”
— Greg Satell
Writing for the Harvard Business
Review, Greg uses Deep Learning
at Google as a specific case study
to learn about how the company
has put innovation at the core of its
DNA.
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21. “Never before has there been
such a push for employees to
take ownership of their own
corner of a company.”
— Alyson Krueger
Alyson provides examples of
intrapreneurship, overall context
about why more employees are
interested in this option and the
benefits for companies.
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23. “That’s a good question. But a
better question is: What’s not
going to change in the next
10 to 20 years?”
— Jeff Bezos
Peter Diamandis highlights this
important point by Jeff Bezos about
focusing resources on high
conviction trends, and expands with
his own ideas about what won’t
change even in an unstable world.
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