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Fueling Innovation: How Microsoft Finally Got It Right

Leading Blog

W E OFTEN THINK of innovation as something visionaries draw out of thin air, like manna from heaven. Here’s an innovation story that’s closer to reality: It’s a story of loss, grit, and renewal. It’s also about a never-too-late approach to innovation that enabled a floundering business to launch a second golden age.

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Businesses Are Unintentionally Limiting Their Innovation

The Horizons Tracker

In their search for innovative solutions, businesses actively seek a variety of unique ideas. Limiting the future Many businesses and leaders may not realize that their past choices can limit the variety of proposals they get. Why does this happen? They start by wanting a wide range of ideas but end up with very similar ones.

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Internal Crowdfunding Can Foster Innovation

The Horizons Tracker

This effect was more pronounced for highly innovative ideas. Companies should also create a culture where failed ideas don’t have negative consequences for creators or investors, as innovation always carries some risk. They tended to favor ideas from colleagues at their own level in the company hierarchy.

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How Bad Ideas Can Be Weeded Out Of Open Innovation

The Horizons Tracker

The study aimed to understand how open innovation platforms affect idea generation and whether the factors people consider for success change as ideas evolve. To do this, the researchers used data from the LEGO IDEAS platform, where users propose new LEGO sets, and the crowd votes to pick a winner. The long-term implications?

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Proposing New Ideas Helps Men More Than Woman At Work

The Horizons Tracker

Machiavelli famously described the difficulties of proposing new ideas, for you will receive fervent opposition from those benefitting from the old ways and barely lukewarm support from those who might gain from the new. The post Proposing New Ideas Helps Men More Than Woman At Work first appeared on The Horizons Tracker.

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Business Model Innovation Will Be Key To Emerge From Covid Well

The Horizons Tracker

A new paper from the University of Cambridge argues that business model innovation will be key to emerging from the pandemic in the best economic health. “We propose that recent developments in digital technology offers the opportunity to accelerate productivity growth through business model innovation.

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How Can Innovation Be Better Disseminated?

The Horizons Tracker

In a recent article, I highlighted some of the challenges involved in translating investment in technology and innovation into productivity improvements across the economy. This is emphasized by the fact that only 12% of respondents reported to having achieved an outstanding result using innovative dissemination channels.”