Managing for Innovation

Managing for Innovation is our list of the most important articles focused on the topics of Innovation, Project Portfolio Management, and Innovation Life Cycles, and processes.

Managing for Innovation

Why the Most Innovative Companies Aren’t

Pull out the list of the “most innovative companies” from your favorite business magazine. With the exception of their brand recognition, which is the entry fee for these beauty pageants, they have few innovation competencies or practices in common that would distinguish them from the rest of the rabble—whether unique strategies, unusual financing or novel ways of hiring and staffing.

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QPM Logo The Innovation Life Cycle

To paraphrase George S. Patton: a good plan, well executed, is better than a great idea sitting on a shelf.

Many of our customers live in the Project Portfolio Management world and are responsible for excellence in project management. Others live in the Innovation world and are responsible for inspiring their organizations to be creative. This post is intended to bring these two vitally important areas together. Read the full article

avanade_logo Hot off the Press: Industry Best Practices for Enterprise Innovation

Innovation in the enterprise is an increasingly hot topic these days. I recently covered it on the Avanade Blog in “Enterprise Social Technologies to Power Innovation: Part One and Part Two.”  Microsoft, Avanade, Accenture, NewsGator, QuantumPM, and a host of other partners and providers have recently collaborated to collect thought leadership and experiences, and to align best practices around enterprise innovation on the Microsoft ecosystem.  We are pleased to announce that Microsoft has published the results of our work this week in a new publicly available whitepaper titled “Microsoft Innovation Framework,” available from Microsoft’s Innovation Management website

Microsoft Logo QuantumPM’s InnoD: Creating New Ideas at Microsoft

QuantumPM’s Innovation Director is being used at Microsoft to create a culture of innovation throughout their organization and within multiple communities. Read More about the Benefits of InnoD and how it works within the Microsoft SharePoint Framework.

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booz_logo Governing Creativity and Innovation

Innovation is not dependent on a tool. Can a tool make the process easier? Of course, but it is not required. What is required is a disciplined, repeatable approach to managing your innovation process life cycle. This concept was reinforced recently through an article published by the Project Management Institute (PMI). In this article, a Booz & Company study looked at things blocking innovation. The number one obstacle was difficulty translating ideas into projects. A strong innovation methodology that includes the discipline of Project Portfolio Management makes the difference in moving from a collection of ideas to a few well-managed projects that produce new or improved products and processes.

accenture Accenture Study: Innovation Efforts Falling Short Despite Increased Investment

Formal approach to innovation more likely to deliver competitive advantage
Despite increased business investment in innovation, only 18 percent of executives believe their company’s innovation efforts deliver a competitive advantage, according to a new Accenture (NYSE: ACN) study that also revealed a risk averse approach to product and service development Read the full article

accenture Formal approach to innovation more likely to deliver competitive advantage

Despite increased business investment in innovation, only 18 percent of executives believe their company’s innovation efforts deliver a competitive advantage, according to a new Accenture (NYSE:ACN) study that also revealed a risk averse approach to product and service development. Read the full article

forbes The Barriers To Innovation, and How To Break Through

This article is by Janie Curtis, lead brand architect for The Telocity Group, a strategy and innovation company.

In an economy that desperately needs a kick-start, why is innovation still not playing the central role that it needs to play? GE’s 2013 Global Innovation Barometer returned results that indicated that over 90% of global executives and 88% of U.S. executives believe that innovation is a strategic priority and that 92% said that it was the main ingredient for a more competitive economy. At the same time, over 90% of all new products introduced to the U.S. market every year fail, and the U.S. ranks only 10th in innovation behind countries such as Finland and Hong Kong. Read the full article

forbes Ideas are a dime a dozen. People who implement them are priceless

“Ideas are a dime a dozen. People who implement them are priceless.” What a great quote by Mary Kay Ash, and so true! The world is full of incredible ideas that never go anywhere because great ideas are useless without someone full of passion to implement them. I realize that implementing an idea can be intimidating, but taking that first step forward is the most important thing you can do to get your idea off the ground. Analyzing an idea is an important pre-step, but one of the biggest stumbling blocks people face is the temptation to over-analyze in an attempt to solve for every potential problem they might face, even if it only has a .03 percent likelihood of ever happening. Read the full article