A couple of weeks ago I discussed four major benefit criteria of innovation in this post. Now it is time to look on the other side of innovation. Yes, there are not only benefits; in the case that your organization starts to focus on innovation you should have in mind to face some disadvantages. You […]

Last week I discussed the four benefit criteria of innovation. This post will focus on the impact of “innovation speed”. But don’t forget: Innovation is not the general approach (in the sense of “one tool fits all”) to enter competition; when focusing on innovation your organization should consider issues like complexity, costs and strategy. But […]

In my post last week I discussed innovation’s impact on corporate success. In the meantime I had a very interesting conversation with a student (business economics) related to innovation issues. The core of this conversation highlighted the character of innovation, the difference to inventions and the benefit aspects.
So let us start with a definition for […]

A couple of weeks ago I posted “How innovative is your organization” in order to discuss some fundamental aspects of innovation. In this post we will look at the impact of innovation. My personal observation is that most organizations see innovation as a very positive measure. Of course, being innovative sounds fine and offers a […]

In this post I would like to discuss some aspects of innovation. In doing so I will start with a definition; after this I will present some aspects that organizations should consider when focus on innovation.

Term. The term innovation puts an emphasis on the first time business application of discoveries (business application here means invention, […]