Corporate Innovation News
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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.
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.
Industries such as manufacturing, agriculture, and healthcare need to take a different approach: programming with data, not code.
Widespread & prolonged inflation seems unlikely right now, but the high prices caused by government policies will remain until we unshackle our innovators.
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.
These four strategies will help to create a culture of digital innovation with an eye to the future, no matter who’s in charge.
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
The change-strategy advice commonly given to businesses misses the mark for two-thirds of them.
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.
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.
Established firms build a separate venture from scratch—a new brand, team, revenue stream—to target untapped opportunity spaces outside of the existing business.
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
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.
Successful innovation efforts in established companies require leaders who have the guts to see opportunities and go after them
Can corporate innovation and collaboration do for climate change what it did to combat COVID-19?
Leaders can diagnose team dysfunction by looking for six common patterns.
If we all knew how to behave like innovators as kids, what’s holding us back now?
How the firm pivoted to produce much-needed ventilators, all-electric vehicles
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.
A third of companies cut spending — but the ones making the cuts aren’t the companies you’d expect
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.
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
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.
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.
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.
“This broader recognition of the role we all play to lift up women is the key to scaling.”
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
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.
“Repugnant market” concerns can cause even well-intentioned firms to fail in workforce diversification efforts.
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.
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.
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?
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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.
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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.
The leader of MIT’s Industrial Performance Center will bring expertise in manufacturing, jobs, and growth.
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.
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.
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...
Consumer-staples companies stand out in the Management Top 250 ranking
Despite the prevalence of team-based collaboration in the workplace, many employees feel isolated on the job.
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.
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.
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.
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.
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.
Conversations about race and racism can be uncomfortable, but they’re necessary for an equitable and inclusive workplace.
Microsoft is on top, followed by Apple, IBM and Amazon in the Drucker Institute’s annual Management Top 250 ranking
To move through the second wave successfully, leaders need to reexamine their personal resilience and that of their team members.
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.
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.
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.
To compete in an unconventional program like the Space Development Agency's Transport Layer, Lockheed Martin decided to team up with commercial companies.
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.
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.
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.
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.
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.
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.
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.”
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.
The Indiana Department of Child Services used VR-based job simulations to cut staff turnover by 31%.