Corporate Innovation News
READ THE LATEST
Forbes: Three Ways To Build A Culture Of Innovation
Organizations that thrive are the ones that will adopt, evolve and continue to transform—and change leaders will emerge as the modern-day superheroes that enable long-term organizational success.
Forbes: Why Diverse And Inclusive Supply Chains Are Needed And Three Tips To Make It Happen
As you contemplate your corporate procurement strategy, be mindful of the value that supply chain diversity could deliver to your organization.
Bitcoin Magazine/Bloomberg: JP MORGAN WEALTH CEO SAYS CLIENTS SEE BITCOIN AS ASSET CLASS TO INVEST IN
In a newly released video, JP Morgan's head of wealth management says clients are increasingly viewing Bitcoin as an asset class.
Forbes: Operation Reinvention—The Capital Markets Should Recast Themselves As Champions Of Innovation And Purpose
With the resurgence in power of capital markets to foster innovation & advancement of companies, corporate governance, and entrepreneurship, capital markets firms have a tremendous opportunity to reinvent themselves as sponsors of innovation, entrepreneurship, and purpose.
Harvard Business Review: AI Doesn’t Have to Be Too Complicated or Expensive for Your Business
Industries such as manufacturing, agriculture, and healthcare need to take a different approach: programming with data, not code.
Forbes: Worried About High Prices? Blame Public Policies That Stifle Innovation
Widespread & prolonged inflation seems unlikely right now, but the high prices caused by government policies will remain until we unshackle our innovators.
MIT Sloan—Ideas Made to Matter: 2 CEOs on how to lead a socially responsible organization
Taking a stand on social issues is never easy, and isn’t always prudent. Two CEOs share their thought process when deciding which causes to back.
MIT Sloan–Ideas Made to Matter: Who owns digital innovation? Who cares?
These four strategies will help to create a culture of digital innovation with an eye to the future, no matter who’s in charge.
Forbes: How Corporations Can Embrace A Challenger Mindset
The essence of being a challenger is often associated with the underdog & overtaking market leaders with smart strategy, it’s easy to align their characteristics with rising stars
MIT Sloan Management Review: Most Businesses Should Neither ‘Pivot’ nor ‘Double Down’
The change-strategy advice commonly given to businesses misses the mark for two-thirds of them.
MIT Sloan School—Ideas Made to Matter: Agile at scale, explained
Taking agile to scale is major departure from the traditional command-and-control style — and it’s becoming increasingly popular. But you can’t do this halfway. Here’s what to know before you dive in.
Fast Company: Companies fire employees for these personality traits, but maybe they should be getting bonuses
The founders of Motto say that the most innovative workers approach problems and solutions with blinding originality despite all their quirks and sharp elbows.
Forbes: Corporate Innovation: Avoiding The Cargo Cult
Simply mimicking the mechanics of a venture-based accelerator is to emulate the cargo cultists. To succeed, companies need to focus on defining their goals & effectively partnering to bring innovations into their business.
The Business Times—Latest innovation strategy: venture building
Established firms build a separate venture from scratch—a new brand, team, revenue stream—to target untapped opportunity spaces outside of the existing business.
Forbes: What Industries Are Reinventing The Innovation Cycle?
Our evolving “digital-first” society has impacted how we interact with our physical environment—prompting companies to develop a deeper understanding of how the customer’s journey with their offerings has changed
Fast Company: 3 ways to keep creative juices flowing even when innovation spending gets cut
This creative agency CFO says money doesn’t have to be the driving force behind innovation; rather, it’s often more about fostering the right workplace culture.
Forbes India: Creating urgency around corporate innovation
Successful innovation efforts in established companies require leaders who have the guts to see opportunities and go after them
Fast Company: What it will take to stop global warming by 2035
Can corporate innovation and collaboration do for climate change what it did to combat COVID-19?
Sloan Management Review: When Collaboration Fails and How to Fix It
Leaders can diagnose team dysfunction by looking for six common patterns.
Forbes: You Already Have The Skills For Innovation At Work, You Just Have To Remember Them
If we all knew how to behave like innovators as kids, what’s holding us back now?
Duke Fuqua School of Business: GM Chair and CEO Mary Barra Describes A Year of Innovation
How the firm pivoted to produce much-needed ventilators, all-electric vehicles
Harvard Business Review: A New Model to Spark Innovation Inside Big Companies
It’s always been challenging to launch new ventures inside an existing business. One way internal startups can overcome some of the disadvantages they face is by seeking out external funding from venture capital firms—a model we call a venture buyout.
The Financial Times–Sifted: This is what Covid-19 did to innovation budgets
A third of companies cut spending — but the ones making the cuts aren’t the companies you’d expect
Forbes: Six Key Success Factors For Corporate Innovation
Corporate innovation is a key component to stay in the game, and it needs to be at the heart of company strategy and top of mind for leadership.
Yahoo News: Wind Energy Powers Boehringer Ingelheim’s Largest U.S. Manufacturing Site
The company's transition to renewable energy in St. Joseph, Mo., exemplifies a broader commitment to environmental sustainability at U.S. sites in Connecticut, Georgia, New Jersey and Puerto Rico
InterSystems Study: The Evolving Role of the CDO at Financial Organizations
The role of the chief data officer has evolved from security-and compliance-oriented to strategic & innovative. Chief data executives are taking on a more progressive role in key business decisions while the position itself is becoming an essential staple of forward-thinking financial services organizations.
Teck Resources: Strategy Overview & Update – March 2021
RACE21™ is about taking a company-wide approach to renewing technology infrastructure, looking at opportunities for automation & robotics, connecting the data systems to enable broad application of advanced analytics & AI, and empowering employees, with a focus on making real progress.
MIT News: Innovative design thinking for a fast-changing world
Blade Kotelly is a senior lecturer on design thinking & innovation, bringing expertise to the world's top brands to better innovate in complex product & service environments.
Sloan Ideas Made To Matter: How this Toyota VP embraces authentic female leadership
“This broader recognition of the role we all play to lift up women is the key to scaling.”
Forbes: Why Organizations Must Reinvent Their Talent Strategy And Embrace Open Innovation
As the world moves toward a gradual recovery from the pandemic, businesses can learn to leverage the benefits of open innovation—helping them keep pace with change, stay on top of their game and remain relevant
Entrepreneur: What is emotional innovation and how to apply it in your company
If companies promote the care and stimulation of the brain of their employees, their neuroplasticity becomes the key for professional development and that of the company.
MIT Sloan—Ideas Made to Matter: A new barrier to diverse hiring in tech
“Repugnant market” concerns can cause even well-intentioned firms to fail in workforce diversification efforts.
Harvard Business Review: Innovation Starts with Defining the Right Constraints
Why limiting time and outcomes — instead of budget and risk — inspires teams to think big.
MIT Sloan Management Review: Innovative Work Cultures Know the Difference Between ‘Leader’ and ‘Manager’
Managers and leaders can be one and the same, but not every manager is equipped with the leadership skills that help fuel a high-purpose company culture.
Harvard Business Review: Don’t Let Financial Metrics Prematurely Stifle Innovation
To build a durable engine of innovation in your organization, you need a way of making the transition from early activity metrics to a more defensible set of metrics demonstrating the impact and value you’re creating
Harvard Business School Online: HBS Online survey shows most professionals have excelled while working from home
Despite the hardships and heartbreaks of COVID-19, there were many personal and professional wins—and some good and bad habits developed.
Harvard Business Review: Improvisation Takes Practice
In the face of rapid transformation and increasing uncertainty, the ability to improvise has become more important than ever. But what does it take to develop improvisational skills?
MIT: From Diabetes to Covid-19, Better World (Health) Showcased MIT Research in Action
Click here if you do not see the story below. CLICK HERE to learn more about the MIT Corporate Innovation...
Forbes: Why We Need A Head-Heart-Guts Approach To Innovation
It takes courage to question that status quo and do something different. It’s never easy to be courageous, but it’s easier to be courageous if you have someone standing with you.
MIT Forefront: From Research to Action: Work of the Future
Click here if you do not see the story below. CLICK HERE to learn more about the MIT Corporate Innovation...
Entrepreneur: Training For The Future: How Businesses Can Build Their “Innovation Muscles”
Similar to what happens with the human body, a company's strengthening of its innovation muscles will bring benefits in the short term, but it is only in the long term that the main gains will be felt.
Sloan Management Review: On Ideals and Innovation
Any sports writer will tell you that a great rivalry makes for a good story. But you also need a good story to make a great rivalry.
Elisabeth Reynolds tapped for White House role, joining National Economic Council
The leader of MIT’s Industrial Performance Center will bring expertise in manufacturing, jobs, and growth.
Sloan School: How to build data literacy in your company
Data literacy has become an in-demand skill for many workers. To get started, leaders should know what it means and establish a common language for learning.
Forbes: Real Corporate Innovation Needs Board-Level Stewardship
Brainstorming sessions, hackathons, even mimicking startups with ping-pong tables, all this innovation theater doesn't change the structural realities that keep big companies from trying truly new things.
MIT Technology Review: 10 Breakthrough Technologies 2021
This list marks 20 years since we began compiling an annual selection of the year’s most important technologies. Some, such as mRNA vaccines, are already changing our lives, while others are still a few years off. Below, you’ll find a brief description along with a...
The Wall Street Journal: Which Industry Excels at Innovation? You’ll Be Surprised
Consumer-staples companies stand out in the Management Top 250 ranking
Sloan Management Review: Are Your Team Members Lonely?
Despite the prevalence of team-based collaboration in the workplace, many employees feel isolated on the job.
Harvard Business Review: Good Leadership Is About Asking Good Questions
Especially in the midst of crisis & uncertainty, leaders should ask powerful & inspiring questions. Asking questions well can put you on the path to solving intractable problems & help you connect with others and, counterintuitively, to earn their trust.
Forbes: How Companies Can Help Close The Gender Gap In The Tech Sector
Women can be great leaders and employees, and if more women are encouraged to enter the tech industry, we can bridge the gender gap much faster.
Financial Times—Sifted: Is innovation innate or learned?
Some people are innately better at innovation, but anyone can be taught to be better at it. It is a question of habits, teamwork and training your brain.
GeekWire: U.S. patent rankings: Amazon moves up list as effects from pandemic on innovation still unknown
Despite a global pandemic, U.S. patent grants were down less than 1% year-over-year, and patent applications were up nearly 5%.
Sloan School—Ideas Made to Matter: 6 strategy & innovation insights from MIT Sloan Management Review
In 2021, leaders will need to transform digital capabilities and spearhead innovation initiatives while preserving corporate culture amid COVID-19.
BBVA: Innovation in 2020: Fintechs facing challenges, lessons and changes
Pressure to get on board with remote working, adapting to the changes in a market revolutionised by the pandemic, and dealing with customers who have new and urgent needs. Startups have faced unprecedented challenges in 2020, but their digital DNA has helped them make fast decisions to handle these tests.
Forbes: Serendipity Lost, Serendipity Gained? Virtual Work Actually Spurs More Innovation
Two separate studies published in MIT Sloan Management Review suggest that innovation has not been impeded, and may have even boosted, by remote work.
TechCrunch: Lockheed Martin’s Lisa Callahan on building a lunar lander collaboratively (and during COVID)
Lockheed VP and GM of Commercial Civil Space Lisa Callahan says that the collaboration has been surprisingly smooth and fruitful.
International Chamber of Commerce: Mastercard, Bosch Group and BP named world champions of startup-corporate collaboration
For the fifth year running, startups were asked to nominate corporates most active in open innovation. 50 companies have been named Corporate Startup Stars during an award ceremony hosted by Mind the Bridge and ICC.
MIT Sloan—Ideas Made to Matter: How to have productive conversations about race at work
Conversations about race and racism can be uncomfortable, but they’re necessary for an equitable and inclusive workplace.
The Wall Street Journal: The Best-Managed Companies of 2020—and How They Got That Way
Microsoft is on top, followed by Apple, IBM and Amazon in the Drucker Institute’s annual Management Top 250 ranking
HBR: How to Lead When Your Team Is Exhausted — and You Are, Too
To move through the second wave successfully, leaders need to reexamine their personal resilience and that of their team members.
Forbes: It’s Time For Innovation Or Stagnation
True innovation begins with a clear, stated purpose—& a common language must be established that not only defines what is meant by innovation. but also what behaviors are expected.
The Wall Street Journal: Elon Musk’s Recipe for Corporate Innovation
The main piece of advice he has: Get out of the conference room.
Financial Times—Sifted: A former Google and Twitter staffer: this is why corporate innovation isn’t working
Mimicking the surface rituals of innovative companies isn't enough, you need to be asking three deeper questions.
Forbes: Key Factors To Inspire Business Development Through Innovation
The risk involved with innovation is usually manageable, as the strategies involved are steady, slow, & predictable. Nevertheless, you should still approach innovation with caution to achieve the best outcome possible.
An IDC White Paper, sponsored by InterSystems: AI IN HEALTHCARE—Early Stage with Steady March to Maturity
Slow to embrace artificial intelligence (AI), healthcare organizations are accelerating the pace of adoption by establishing the organizational and technical infrastructure required and delivering use cases across the entire enterprise.
Financial Times—Sifted: SMEs need to step up to the corporate innovation challenge
Corporations are the cornerstones of startup ecosystems. Selling to a larger corporation—or doing a substantial deal with them—can be a key part of the entrepreneurial journey.
SpaceNews: To boost its military space business, Lockheed Martin turns to commercial players
To compete in an unconventional program like the Space Development Agency's Transport Layer, Lockheed Martin decided to team up with commercial companies.
Forbes: How To Smash The Psychological Barriers To Innovation
While it’s easy to say that innovation is everybody’s job, the reality is that few organizations have actually learned how to democratize it.
Teck Named One of Canada’s Top 100 Employers
Teck Resources Limited has been named one of Canada’s Top 100 Employers for the fourth consecutive year by Mediacorp Canada’s Top Employers program
Fierce Pharma: Boehringer Ingelheim, Gilead execs highlight value of disease awareness campaigns—particularly during the pandemic
Disease awareness campaigns, like Boehringer Ingelheim's cardiovascular and diabetes physician effort from last year, are gaining traction as more consumers turn to digital for information.
The Work of the Future: Building Better Jobs in an Age of Intelligent Machines
This report, and the MIT Work of the Future Task Force, suggest a better alternative: building a future for work that harvests the dividends of rapidly advancing automation and ever-more powerful computers to deliver opportunity and economic security for workers.
International Investment: JP Morgan AM launches carbon transition global equity ETF in Europe
The framework imports primary data, sourced directly from companies, as well as alternative data sources from ThemeBot, JPMAM's proprietary natural language processing tool, which can capture a range of innovative signals, such as a company's green capital expenditure.
Forbes: The Five Paradoxes Of Corporate Innovation: Blue Pill Or Red Pill?
Innovators, your time has come to understand this world within worlds & embrace paradoxes to forge them into momentum for the greater good. You have a choice: Take the blue pill or the red pill.
Forbes: How The New Normal Is Shifting Corporate Innovation
The new normal encompasses every aspect of corporate operations. It’s forced them to shift, pivot, & reimagine how they operate, how they work, & how they innovate.
Science: 2020’s Top Employers: Rapid response to COVID-19, diversity, and innovation
One of the parameters that defines a top employer is its devotion to an innovation culture—and employees notice innovation. One of the most common words survey respondents used to describe their employers was “innovative.”
Forbes: Work Harder Or Work Smarter? How Empathy Makes Room For Innovation
When we are real together, admitting how hard it is and facing that reality, we create authentic connection. Because that is cohesive teams are formed: when there is space to be real there is space to take a chance on great ideas.
Sloan—Ideas Made to Matter: How virtual reality can help improve employee retention
The Indiana Department of Child Services used VR-based job simulations to cut staff turnover by 31%.
Financial Times—Sifted: “De-risking” risks being an empty catch-phrase
De-risking will involve mitigating risks on a project level and combining individual risks into a portfolio that generates more predictable outcomes while still allowing for a significant upside.
HBR: To Foster Innovation, Cultivate a Culture of Intellectual Bravery
Encouraging psychological safety isn’t easy—it requires a high level of emotional intelligence & a controlled ego. A leader’s most important job is to give people air cover in exchange for candor.
Harvard Business Review: Start Stopping Faster
In a world of increasingly unpredictable change, running at higher speeds is not enough. Businesses must match their acceleration muscle with faster stopping & turning. As they do, growth will grow more fruitful, competitive capabilities will strengthen, & position in the food chain will climb.
Forbes: On Pirates, Privateers And Corporate Innovation
There's a lot of political inertia inside large companies & any efforts at transformation trigger resistance. But if we succeed in getting support, we will have made innovation a legitimate part of our businesses.
Denver Business Journal: Galactic knowledge—C-Suite Awards Lifetime Achievement Award winner Rick Ambrose drives mission at Lockheed Martin Space
"Setting vision for the company is no easy task, and what some people might not realize about my role is the balance I am constantly seeking to find between legacy and innovation."
Forbes: Think Your Digital Transformation Is A Success? Why A Crisis May Reveal Otherwise
Scott Gnau, VP of Data Platforms at InterSystems, believes business success will be measured not by those that made quick adjustments to stay afloat, but by those that prioritized digital transformation as a long-term strategy that is ingrained within overall business goals.
Grass Roots Innovation: Championing the Next Generation of Life-Science Innovators
Boehringer Ingleheim's program of Grass Roots initiatives is designed to enable emerging science & technology by championing young life-science companies. Activities address the knowledge/experience gap among entrepreneurs by providing mentoring, support, and valuable resources to help them progress their science.
J.P. Morgan Asset Management: Solve It
Solve It examines market forces and explores how current events are impacting investor decisions and behaviors.
Financial Times—Sifted: This is why big companies can’t scale up innovation
Click here if you do not see the story below. CLICK HERE to learn more about the MIT Corporate Innovation...
Harvard Business Review: What Really Prevents Companies from Thriving in a Recession
Leaders must prod themselves free from the powerful emotional forces that prevent them from a readiness to respond to and innovate in crisis.
Financial Times (Sifted): Three ways to de-risk corporate-startup innovation
Volvo, Samsung and BNP Paribas can teach us some novel ways to innovate faster on tighter budgets.
Harvard Business Review: The Uncertain Future of Corporate HQs
Change will continue to shape a new corporate landscape. Forward-looking corporations take location more seriously than ever, making site selection and community engagement a centerpiece of their overall corporate strategy. Location, after all, is everything.
Forbes: The Future Of Business Innovation Is Not Based On Coding Alone
Success in today’s challenging & unpredictable conditions demands that we move faster while doing more with less. To get there, enterprise leaders need to challenge traditional workforce divisions, such as technical versus nontechnical. Everyone must rethink where innovation comes from.
Forbes: How Leading B2B Companies Invest In Innovation
According to a study, 92 percent of companies showed a high interest in platforms that unify data collected by, and used across, all intelligent technologies and business processes.
SpaceNews: Lockheed Martin, York Space to produce 20 satellites for Space Development Agency
Each company is responsible to provide 10 satellites and all 20 will be launched by September 2022.
Corporate Knights: The unstoppable support behind the green transition
Earlier this year, Teck Resources, one of Canada’s biggest oil sands miners, announced a goal of achieving carbon neutrality in its operations by 2050.
Fortune: 3 ways to make sure corporate diversity and inclusion efforts have a lasting impact
In the past, corporate America has often let moments of change pass by. As a CEO and a board member of one of the nation’s leading financial services firms, we pledge this time will be different.
Forbes: An Innovative Organization Is A Resilient One
It is in this moment of uncertainty that a resilient leader can seize the day with the passion of an explorer, identifying new opportunities as the waves of a tsunami rock the shore of the business environment.
Forbes: Why Companies Cannot Innovate & Why They Will Keep Failing. Unless They End-Run Themselves.
Bottom line? Successful companies cannot innovate from the inside, so they must do it from the outside, any and every way they can. This is The Innovator’s Alternative.
MIT News: MIT team collaborates with 3M to develop rapid Covid-19 test
3M is collaborating with the Sikes Lab to jointly develop the test, including establishing novel processes for scaling it. They will determine whether the test renders highly accurate results within 10 minutes, and if it is feasible to mass manufacture.
World Economic Forum: Private or public: What’s really driving technological innovation?
If technological innovation is to serve society, the direction it takes must reflect social priorities. Governments have evaded their responsibility here, because of the pervasive belief that it is difficult to alter the course of technology.
Forbes: How The Pandemic Has Driven Corporations To Reevaluate Their Purpose
The Covid-19 pandemic forced just about all organizations to reevaluate their modus operandi, and many are replacing legacy objectives with purpose-driven ideals.
Corporate Knights: 2020 list of Canada’s best corporate citizens
Teck Resources Limited has been recognized as one of the top 50 companies in Canada for corporate citizenship