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Managing Innovation Developing Yourself Developing Your Business Art of Management |
"Every organization - not just business - needs one core competence: innovation" (Peter Drucker)
Innovation Strategies Efficiency Improvement Why Innovate? Era of Systemic Innovation
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Your Organization Innovation System: the Core Elements Sustainable Innovation Organization E-Business: CRM, EDI, ERP |
Your Strategies Continuous Innovation Strategy Strategic Innovation: Road-Mapping |
Yourself & Your Team |
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Innovation is the conversion of new knowledge into new products and services. Some companies successful; others are not. What makes the difference? Whether or not they manage to build an awesome organization, that's able to innovate and capitalize on those innovations. Success in business doesn't come from feeling comfortable. In today's technology-driven world, business life cycles have accelerated exponentially, but good innovation management basics always apply. The challenge is to keep a step ahead of changing market conditions, new technologies and human resources issues. To remain competitive, today's companies need to do more than simply deliver products or services that are better or cheaper than those of their rivals. They must also add features, improve performance, and reduce prices more quickly. They must be faster to launch new lines. To grow, they may need to create entirely new markets and develop venture strategies. Innovation is not a one-off event, but a continuous response to changing circumstances. Sustainable innovation system doesn't not just help to solve a problem but creates a new capacity, opening up opportunities for further innovation. It leadership that makes the innovation process work. Innovation, new business creation, and venture investing are durable corporate strategies of the market leaders. The New Era of Systemic Innovation Innovation used to be a linear trajectory from new knowledge to new product. Now innovation now is neither singular nor linear, but systemic. It arises from complex interactions between many individuals, organizations and environmental factors. Innovation is not divisible – ‘good in parts’ is no good at all. "You can't do carpentry, if you only have a saw, or only a hammer, or you never heard of a pair of pliers. It's when you put all those tools into one kit that you invent", stresses Peter Drucker. Innovation systems are only as strong as their weakest links. |
