We expect start-ups and high technology companies in general to be innovators. We know, in contrast, that large incumbents are likely to want to continue to exploit their past innovations rather than venture into new innovations that may cannibalize current products and/or ultimately fail. How do family businesses fit into the innovation picture? A study […]
Read More… from Family Firms Innovate Less But Better: Their Boards Make a Difference
How can new product development (NPD) teams best generate ideas and develop them into viable concepts? The ‘obvious’ answer — through interaction and working together — is not necessarily the right or best one. While some studies suggest group debate and group brainstorming offer significant benefits — for example, the ability to combine and integrate […]
Read More… from When Suspending Group Debate Enables Innovation
How do you combine previously unconnected technologies in an entirely new product ‘architecture’? This is a particularly important question when the development project involves collaboration with other industries and companies — and between specialists who have different ways of doing things and haven’t worked together before. Recent research addresses it by analyzing and comparing three […]
In a classic episode from the old American TV show The Odd Couple, the main character Felix replaces all of the traditional furniture in his apartment with new furniture featuring radical designs (e.g. the chairs are in the shape of huge hands). While his roommate Oscar figures out how to use the ‘hands’, he’s astonished […]
Read More… from Great Innovation! But What’s it for? Marketers Beware
