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Two Questions to Ask Before You Set Up an Innovation Unit

Harvard Business Review

The seven roles for CIUs are: designing shelter for innovation; supporting best practices and methods; developing skills; supporting business unit initiatives; identifying new market spaces; facilitating ideas generation; and directing seed funding. following a traditional stage-gate process).

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What Big Companies Get Wrong About Innovation Metrics

Harvard Business Review

Market share, cost reductions, and profit margins of new businesses are examples of impact metrics. The most widely used metric among our respondents, for instance, was revenue being generated by new products or services over the course of their first few years in the market. stage to the next. Number of ideas generated.

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Putting Humans at the Center of Health Care Innovation

Harvard Business Review

While this “lab-bench to bedside” approach has improved healthcare globally, it can take years, even decades, for an innovation to get to market, often with limited input from patients themselves. Be prepared to revise metrics as the center evolves and celebrate small wins. Acknowledgements.

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Taming Your Company's Most Elusive Beast

Harvard Business Review

R&D investments have been made, stage/gate processes have been built, creativity training courses have been run, and yet the outputs — exciting new products and services — don't seem to be falling into place. Consider, for example, the UK software company, Red Gate. None of them involve idea-generation schemes.

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Design Thinking Is Fundamentally Conservative and Preserves the Status Quo

Harvard Business Review

The criticisms are several: that design thinking is poorly defined ; that the case for its use relies more on anecdotes than data; that it is little more than basic commonsense, repackaged and then marketed for a hefty consulting fee.