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Creativity and Innovation Archives - Page 5 of 8 - Ideas for Leaders

Balancing Incentives, Risk and Tolerance of Failure for Collaborative Innovation

Innovation through collaborative teams can succeed or fail in large part based on resources dedicated to the venture. While many factors may ultimately impact success or failure, all else being equal, if more resources are allocated to a project, the risk that it fails is less. Whether or not managers are willing to dedicate those […]

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How Well Is CSR Embedded in Business Strategy?

Corporate social responsibility and sustainable development are increasingly linked to competitive advantage and innovation. Harvard’s Michael E. Porter and Mark R. Kramer have, in recent years, ‘reframed’ CSR as ‘shared value’, pointing to the business opportunities in ‘unmet social needs’. Meanwhile, the external pressures for responsible business — from governments and regulators and from shareholders […]

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Managing Cross-industry 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 […]

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Innovation Partnerships-Loosely or Tightly Coupled?

Increased emphasis on continual innovation — and increased awareness that it demands knowledge beyond the confines of a single organization — means research partnerships have become a more common and more important strategic tool. These inter-organizational arrangements fall broadly into two camps: the tightly coupled partnership; the more loosely coupled alternative. The former is characterized […]

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