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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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Internal Crowdfunding Can Foster Innovation

The Horizons Tracker

This meant they got to do something usually reserved for managers – making choices and allocating budgets. This effect was more pronounced for highly innovative ideas. Management needs to fully support the idea of giving decision-making power to employees and make the source of the funds clear.

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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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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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Why A Receptive Environment Is Key If We Want Employees To Propose New Ideas

The Horizons Tracker

As Machiavelli famously said, proposing change is a risky endeavor, as you’re only likely to garner lukewarm support from those who could benefit from your proposal, but strong opposition from those who might lose out. If there is any sign that proposing improvements might be punished or frowned upon and people rapidly clam up.

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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.”

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Innovators Tend To Overestimate Their Own Ideas

The Horizons Tracker

Just as parents tend to think their own children are the most amazing things to walk the earth, so too do innovators have similarly distorted opinions of the ideas that form the basis of their innovations. Grasping the true value of ideas is essential for corporate innovation success. Overvalued. Avoiding overvaluing ideas.