Tag Archives: Innovation Management

Does the Term “Closed Innovation” Still Have Meaning?

(This piece was originally posted to the HeroX blog) Remember the famed Bell Labs, once a powerful R&D center for the telecommunication equipment company Lucent Technologies (acquired by Nokia in 2016)? Bell Labs’ researchers are credited with the development of radio … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

What Can Dancing Teach Us About Innovation?

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

Posted in Innovation | Tagged , | Leave a comment

Innovating With Competitors

(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

Posted in Crowdsourcing, Innovation | Tagged , , , , , , , , , , , | Leave a comment

Innovation’s “Uncharted Waters”

(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

Posted in Innovation | Tagged , , , , , | Leave a comment

Democratizing Innovation with Crowdsourcing

(This piece was originally posted to the HeroX blog) In 2006, Prize4Life, a Cambridge, MA-based nonprofit organization dedicated to finding the cure for amyotrophic lateral sclerosis (ALS, a.k.a. Lou Gehrig’s Disease) launched a multi-stage crowdsourcing campaign, the ALS Biomarker Grand Challenge. … Continue reading

Posted in Crowdsourcing | Tagged , , , , , , , , , | Leave a comment

On Steve Jobs, Henry Ford, and Fast Horses

A solid consensus seems to exist that customer feedback, gathered through market research, is a key to successful innovation. And yet, I’m surprised how often one can hear dissenting voices. Some folks, especially not engaged in day-to-day innovation activities, claim … Continue reading

Posted in Innovation | Tagged , , , , , , , , , , | Leave a comment

The Words We Choose

In a recent HBR article “Stop Calling It Innovation,” Nadya Zhexembayeva suggests ditching the term “innovation.” Her point? Employees hate innovation. Rightly or wrongly, they associate innovation with undue risk, extra work without reward, and even job loss. As a … Continue reading

Posted in Innovation | Tagged , , , , , , , | Leave a comment

United We Innovate

As I wrote on numerous occasions, in recent years crowdsourcing has become a popular topic in academic circles, business publications, and social media. Yet, its acceptance as a practical problem-solving tool has been relatively slow. There are a few reasons … Continue reading

Posted in Crowdsourcing, Innovation Service Providers | Tagged , , , , , , , , , , , , | Leave a comment

The “French perfume” innovation

(This post originally appeared on Medium) I grew up in the Soviet Union and know a thing or two about the shortage of goods. The perennial chasing of hard-to-get stuff had instilled in me and my compatriots one simple habit: … Continue reading

Posted in Innovation, Portfolio Management | Tagged , , , , , , , , | 1 Comment

Don’t blame crowdsourcing for “bad ideas”

As I mentioned a couple of years ago, I try to follow what academic researchers write about crowdsourcing. As a crowdsourcing practitioner, I welcome the clarity, holistic approach, and intellectual vigor academic research brings to the table. On occasion, however, … Continue reading

Posted in Crowdsourcing | Tagged , , , , , , , , | Leave a comment