Corporate Innovation News
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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%.
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.
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.
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.
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."
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.
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.
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Leaders must prod themselves free from the powerful emotional forces that prevent them from a readiness to respond to and innovate in crisis.
Volvo, Samsung and BNP Paribas can teach us some novel ways to innovate faster on tighter budgets.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Covid-19 pandemic forced just about all organizations to reevaluate their modus operandi, and many are replacing legacy objectives with purpose-driven ideals.
Teck Resources Limited has been recognized as one of the top 50 companies in Canada for corporate citizenship
Bakery & Snacks.com: Hostess ups the ante on consumer insight-driven snack cake innovation with new lab
Hostess ups the ante on consumer insight-driven snack cake innovation with new lab
Ways to ensure these arrangements are a win-win all around.
"I later learned he was EVP in charge of the entire [Lockheed Martin] Aeronautical Division & highly regarded by the thousands under his leadership. He was light personified."
Firms that are most effectively managed are less likely to have layoffs
Partnership to work on two innovative technologies that aim to enhance F-35A Lightning II egress maintenance training.
Fiona Murray, professor of entrepreneurship and associate dean of innovation and inclusion at the MIT Sloan School of Management. Co-director of MIT's innovation initiative on innovators coming together to tackle the pandemic
As it becomes a member of the ICE ETF Hub advisory committee, JP Morgan Asset Management will be a key development partner for the platform.
Healthworld.com: Pharma’s new normal—innovation & collaboration: Sharad Tyagi, Managing Director, Boehringer Ingelheim
The COVID crisis will bring a new realization in healthcare. There will be much innovation, not only in the development of drugs or vaccines but in the way the industry interacts with stakeholders and industry collaboration.
Deepfakes can be used to manipulate and threaten individuals and corporations. But with a better understanding of the technology, executives can take steps to protect themselves and their companies.
Striking a balance between fostering innovation and ensuring quarterly business results is so challenging that companies often spin out a company division to pursue innovation, untethered from the brutal day-to-day reality of a performance and results-oriented culture.
Virtual Strategy Magazine: InterSystems Launches Publicly Available & Customizable Speed Test for Database Management Systems
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COVID-19 forced many employees into a new normal of remote work. To stay productive, it’s important to build mental resilience, stay flexible, and embrace paper trails.
George Floyd was killed by police in Minneapolis, but his death hit home for Boston Scientific because the company has nearly 9,000 employees in Minnesota.
"We immediately held listening sessions with our executives," said Desiree Ralls-Morrison, a senior vice president and general counsel for the medical device maker.
Financial Times/Sifted: Your best corporate disruption strategy might be to stop…unless you can do these four things
Corporations are burning cash trying to build disruptive business models. Unless they have taken the time to install four key strategic enablers, they will fail. I call these enablers ‘The Four Freedoms’.
"Innovate and disrupt your own business or somebody else will" is a scary message to corporate executives in this time of disruptive innovation. But since 2000, 52% of Fortune 500 companies have "gone bankrupt, been acquired, or ceased to exist" due to digital disruption, and 75% of S&P companies will be replaced by 2027, according to Harvard Business Review.
We have noticed that the most innovative companies are the ones that have entrepreneurial cultures. So with July 4th upon us, and in service to all the entrepreneurs out there, I asked Raphael Louis Vitón, President and Partner at Maddock Douglas, to share with you the MD Declaration of Innovation. —Mike
On April 7 2020, CB Insights published a list of 160 biggest product failures of all time. The list is a good illustration of what happens when corporate innovation goes wrong.
Customers are hopping from one digital service to another with increased frequency. Great design is a way to keep them loyal.
In the face of a once-in-a-century crisis, it’s tempting to try to duck and hide until it's over. But hunkering down will only compound the misery. Here's a better plan.
An entrepreneurial mindset has helped the company navigate uncertainty during the coronavirus (COVID-19) crisis.
Innovating with external partners doesn’t always give companies a competitive advantage. It needs to be balanced with internal efforts.