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The Right Way to Spend Your Innovation Budget

Harvard Business Review

Innovation is famously difficult — many projects end up losing money, frustrating employees, and going nowhere. And yet corporations and governments spend billions of dollars annually pursuing innovation. Innovation projects often fail because the resources are spent on the wrong kind of innovation.

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Avoid Doing the Wrong things Righter…But, “By What Method?”

Deming Institute

Stephen Covey similarly described this concept using the metaphor of a ladder, stating, ”Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall” (Covey, 2011). 2015, November). Let’s learn to do the “right things ‘righter’.” ” Want More?

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What’s Wrong with the FAA’s New Drone Rules

Harvard Business Review

In 2012, Congress gave the FAA until 2015 to develop rules for military, commercial, and privately-owned drones to operate in U.S. In fact, the FAA had originally promised the rules by 2011, but it proceeded to miss every deadline it set for itself , as well as those established by Congress.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business Review

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World ” and Eric Ries’s book The Lean Startup. Innovation at GE was on a roll. Then it wasn’t.

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What BMW’s Corporate VC Offers That Regular Investors Can’t

Harvard Business Review

Gimmy’s task was clear but highly demanding: to reimagine the way BMW innovates. To fill the void and build such a new BMW startup unit, Gimmy partnered with an experienced innovation manager from BMW, Matthias Meyer. Gregor and BMW faced a crucial question: “How can the BMW Group, as a company, co-innovate with startups?”

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India's Exploding Digital Economy

Harvard Business Review

An Indian investment bank, Avendus, projects 376 million Indian Net users by 2015. The Indian government sponsored the introduction of 3G services in 2011 with a $30 billion spectrum auction. Morgan Stanley projects that 3G penetration will reach 22 percent by 2015. Mobility will drive much of the expansion in Internet usage.

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The Comprehensive Business Case for Sustainability

Harvard Business Review

This can disrupt a firm’s ability to operate on schedule and budget. Of the respondents, 72% said that climate change presents risks that could significantly impact their operations, revenue, or expenditures. Fostering innovation. Investing in sustainability is not only a risk management tool; it can also drive innovation.