10 Myths of innovation

Here a list of innovation myths that I really like. The list is created by Scott Anthony and Josh Suskewicz. Many 'experts' of innovation I know still believe in several of these myths.

1) Innovation is random
2) Only creative geniuses can innovate
3) You're either an innovator or you're not
4) Innovation happens in the R&D lab
5) We will win with superior technology
6) Innovation is all about improved performance
7) Our customers will be a critical source of innovation insight
8) Game changing innovation is done only by entrepreneurs
9) We will win by targeting the biggest markets
10) Innovation requires big bets

For the whole list and introduction, click here

image by Flickr user crabchick

Do Innovation Consultants Kill Innovation?

Are companies more innovative than ever before? Judging from the vast number of Fortune 500 companies professing their commitment to innovation, the answer is yes.

But we sense that the more a company talks, thinks, and strategizes about innovation, the less real, big innovation it produces. Take the electronics maker Philips, which introduced one of the world’s first electronic razors, the compact cassette, the CD, and many other game-changing inventions. In more recent years, Philips has been a fixture at innovation and design conferences, presenting impressive strategies, road maps, and processes. The company commands impressive sales--its market cap is about $15 billion--but most people would be hard-pressed to think of a recent exciting breakthrough from the Dutch company. Nokia, also a self-proclaimed innovation leader, is another example of a company that has been very good at innovation strategizing but not so good at following through on its promise.

See remaining article here...