Innovation Management Canvas

Innovation Management Canvas

As part of a simulation game on innovation management we have been running at universities and in corporate training programs for over 4 years now, we have developed an integrative model for dealing with innovation management on a daily basis. Innovation Management is a strategic activity that isn’t necessarily needed to implement throughly for every company. Mostly large companies have included structured processes that include administrative stages to following the (large number of) project that are in progress and to be able to follow-up on them and calculate the effect of innovation management in general. For smaller companies however, that is not general practice: having such a formal process in place simply doesn’t weigh up to cost efficiencies will generate. But for them, innovation management is just as important – but they rather use a toolkit than a formal process. Based on our 8 Types of Innovation Processes model this is a useful canvas design that makes it easy to start working on formalizing your innovation activities and processes in your organization.

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ISPIM Conference Porto & ISPIM Grand Prize for Innovation Management Excellence

As a member of ISPIM, we’re proud to be part of the ISPIM 2016 Conference in Porto again.

Organised by ISPIM, and supported by ANI – Agência Nacional de Inovação (the National Innovation Office of Portugal), this event is for innovation researchersindustry executivesthought leaders and policy makers.

  • Understand the latest innovation management thinking in 50+ workshops, keynotes, tours and discussions
  • Broadcast your insights to 500 innovation experts from 50 countries
  • Get feedback, get published and share understanding
  • Deep dive into the Portuguese innovation scene
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Trending Topics in Innovation Management

Trending Topics in Innovation Management

Last week, 233 papers have been presented at the ISPIM conference. Although not proceeded yet, the papers and abstracts are already available for ISPIM members. Being a member, I was able to scan all the abstracts, titles and keywords for trending topics. After a few manual adjustments, such as combining words and ignoring research-related terminology I could come up with the following wordcloud. It identifies the main topics that are currently trending in innovation management. Read more

5 Most Powerfull Insights on Innovation Management gained at the ISPIM Conference

5 Most Powerfull Insights on Innovation Management gained at the ISPIM Conference

“If you go from Moscow to Budapest, you think you are in Paris. And if you go from Paris to Budapest, you think you are in Moscow,” as Gyorgy Ligeti very sharply noticed, perfectly describes the location of the XXVI ISPIM Conference in Budapest. ISPIM, short for International Society for Professional Innovation Management, organized this worldwide event once a year. A place to be for everyone involved in Innovation Management, both practitioners and scholars.

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4 ways in which ideas management helps innovation flourish

4 ways in which ideas management helps innovation flourish

Ideas management could, according to this article, support the innovation process in four ways:

  • It helps organisations to capture, evaluate and progress proposals
  • It provides a democratic environment to determine the best ideas and to show a willingness to consider all ideas
  • It helps to increase genuine cross-organization transformation
  • It helps in creating a corporate shared view on key activities

It may be an advertorial, but at least it provides a nice overview of an under-researched element of the innovation process.

Read full article: 4 ways in which ideas management helps innovation flourish

The world’s best e-courses on Innovation Management

This autumn, we gathered some of the best 21st century courses on Innovation Management for you. While specialist courses at Insead, Berkely or IESE are extremely good, they are expensive and intense. You don’t want to get into the hussle of persuading your employer you’re worth the 50K investment, but still want to learn something? Go for one of the following excellent online courses on innovation (management):

  1. Innovation Management Game – individual course
    The Innovation Management Game is “a serious game for serious professionals”. Their individual course lets you battle against well-known innovation companies worldwide by learning and practising the newest theory on innovation management. According to some of their clients “The key learnings from the game for us were especially the multidimensionality of the innovation process inside a company and the idea that companies can influence their innovation success in many different ways” and “It introduces innovation in a learning environment and it is completely different than just learning theory.”
    The price: €495,-
  2. THNK – School of Creative Leadership
    THNK is a worldwide renowned institute for linking Design Thinking with Business Thinking. It has an online course, Start Innovating Now, “to build your innovation muscle, and come up with real innovations. An innovative real-life course that will keep you on your toes.” Or as someone says it on their website: “I use TNKS’s innovation process and tools to brainstorm new ideas, synthesize them into innovations that scale and then prototype, test and finetune them.”
    The price: €945,-
  3. Entrepreneurial Leadership – Babson College
    The definition of a short course: it takes only 30-60 minutes to complete. But who doesn’t want a glimpse of the world’s best school on entrepreneurship education?
    The price: $59,99

Any other suggestions? Please let us know.

Brilliant Management Advice From Google’s Eric Schmidt on How Google Works

This week, Eric Schmidt posted a presentation on Slideshare about Innovation Management at Google. It highlights the role of innovation culture, creativity, talent and more key elements that every organization that thinks about managing innovation should start with.

Read full article: Brilliant Management Advice From Google’s Eric Schmidt on How Google Works

How Nonprofits are Leveraging Innovation Management Platforms

Last year, we wrote a popular article about the Golden Circle of Innovation and the way that not-for-profit organizations are using Open Innovation.

Recently, another article was published on this matter. To sum up, it says innovation management can help nonprofits in three different ways:
– better funding
– internal efficiency
– unlock growth

Read full article: How Nonprofits are Leveraging Innovation Management Platforms

Agile Methods in a New Area of Innovation Management and Business Modeling.

This article by Link and Lewrick (2014), presented at the Science-to-Business Marketing Conference, provides an interesting overview of the possibilities of Agile Methods in Innovation Management. The authors propose that Agile Methods should not be used in R&D only, but also in fields like organizational culture, management style, structures, effective working and cunstomer relationships.

Preliminary results indicate that using their methodology for Agile Business Models creates more than 100% growth in new business results year-to-year, 100 times cost reduction, innovative solutions, brand image growth and reduction of process life cycles.

Read full article: Agile Methods in a New Area of Innovation Management and Business Modeling.

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