The average number of years a company spends on the Fortune 500 list is dropping. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk
This February and March, the Ideascale team toured Australia, running workshops in Melbourne, Perth, Brisbane, Canberra, and Sydney to discuss crowdsourcing and open innovation. Also most importantly, intrapreneurship, with a stop at the Brisbane Intrapreneur's Summit. Based on our work
Process innovation is perhaps the “classic” form of innovation. Finding a better way of accomplishing necessary business tasks is low-risk, and can lead to other types of innovations. Also helps companies maintain and sharpen their competitive edge. Developing innovative ways
Innovation is sometimes at odds with what many managers want, which is to improve the efficiency with which current processes operate. While innovation can and should improve efficiency, it often steps outside “how it’s done” to develop new ways of
Innovation is unquestionably central to any company's future. Even in mature industries where change is slow, ripple effects can catch even the sharpest team off-guard. This raises the question, should there be team members whose entire job is to collect
When you build a creative team, you hope that the team as a whole will be more creative and productive than the sum of its parts. It all starts with setting goals, then proceeds to find the right people for
IBM has famously made “THINK!” a command to drive innovation. However, it's not just the act of thought that's innovative. But how do you think? Learning to think laterally can offer surprising and elegant solutions to even thorny problems. So
Fundamental to any form of innovation in any company is the voices of employees. Your employees know your company, product, and customer base better than anyone else in the world, but getting them to discuss what they've learned can be
Democracy thrives when everyone participates, but it's difficult to reach some communities through traditional means. Governments are increasingly turning to crowdsourcing and open innovation to encourage citizens across the spectrum to weigh in with ideas, opinions, and perspectives. Here are
