Category Archives: Innovation

Innovation in Legacy Companies: Can You Be Big and Nimble at the Same Time?

Posted on September 11, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) Complaints that large legacy companies can’t innovate abound. Some folks go as far as to say that corporate innovation “is broken.” This is, perhaps, an exaggeration. Large companies are still quite good … Continue reading →

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Crowdsourcing: Going Above and Beyond Consumer Products

Posted on September 3, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) In the past few years, crowdsourcing has finally come of age as a powerful open innovation tool allowing organizations – including corporations, government agencies, and non-profits – to use external crowds to … Continue reading →

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What Is Holding Your Business Back from Becoming the Next Big Thing?

Posted on August 29, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog)  As a famous line (wrongfully attributed to Charles Darvin) reads: “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is … Continue reading →

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Five Barriers to Adopting Open Innovation and How to Overcome Them

Posted on August 23, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) A friend of mine, an innovation consultant, likes to joke: “Innovation is simple…but not easy.” The same can be said about open innovation. Henry Chesbrough, who introduced the concept of open innovation … Continue reading →

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The Role of Diversity in Innovation

Posted on August 13, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) Can labor laws affect innovation? To many people, this question may sound nonsensical. Why would such a boring thing like labor law have anything to do with an exciting act of creating … Continue reading →

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What Can Dancing Teach Us About Innovation?

Posted on July 28, 2020 by Eugene Ivanov

Many organizations treat corporate innovation as a child: unpredictable, capricious, and difficult to control. And as it often happens to us adults, we feel an irresistible urge to pontificate, to teach the child a lesson. I’m amazed at the popularity … Continue reading →

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Innovating With Competitors

Posted on July 24, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) With the waves of disruption rocking every corner of the global economy – dethroning powerful incumbents while skyrocketing to fame brazen startups – innovation isn’t a luxury anymore. It’s a means of … Continue reading →

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Innovation’s “Uncharted Waters”

Posted on July 20, 2020 by Eugene Ivanov

(This piece was originally posted to the HeroX blog) A few years ago, Wazoku, a UK idea management software company, sponsored an innovation survey. The results of the survey are a cause of concern for anyone interested in corporate innovation.  Full … Continue reading →

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Innovation: The Role of Money and Government

Posted on May 25, 2020 by Eugene Ivanov

Over the past couple of months, I have attempted to assess the role of a few major socio-economic factors on the national innovation potential. To do that, I ran a series of simple regression tests to estimate the correlation between … Continue reading →

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Innovation and Money

Posted on May 15, 2020 by Eugene Ivanov

In my previous post, I further explored the notion that the ability of a country to innovate correlates with the level of political freedoms in this country. In particular, I showed that no such correlation exists for non-democratic countries (as … Continue reading →

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