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Administration: Organizing and Governing Innovation
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3446BC-EServicios y operacionesInnovation isn't just hoping for serendipity and counting on random inspirations--innovation can be managed as a process. Organizational decisions therefore must be made for innovation processes, and yet too often companies fail to make them. As a result, their decisions end up being made informally--if at all. This chapter focuses on four critical decisions that should shape the organization and governance of your innovation process. This chapte...Desde 8,20 €
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Short-Term Profitability: Analyzing Near-Horizon Opportunities
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3442BC-EServicios y operacionesInnovation aims to create exceptional value. Deciding which of your opportunities is truly exceptional is thus a critical element of the innovation process. In the early rounds of an innovation tournament, opportunities with the most promise are identified subjectively, but in the later rounds, when the field of opportunities has narrowed, you should augment and enhance your subjective judgments with quantitative analysis. This chapter provides t...Desde 8,20 €
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Long-Term Profitability: Managing Far-Horizon Opportunities
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3444BC-EServicios y operacionesThe probability of success for a far-horizon innovation is low; when you're operating at innovation's frontiers, big risks will always plague you. The question for innovators isn't how to preclude them--it's which ones you should take and how to maximize your chances of success while minimizing the costs of failure. Far-horizon opportunities may not be right for every company, but this chapter will help you define your innovation frontier and red...Desde 8,20 €
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Interdependence: Forming Opportunity Portfolios--Understanding Innovations in Context
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3443BC-EServicios y operacionesYou can't maximize the success of a soccer team by hiring the best individual players. Similarly, you don't obtain the best innovation portfolio by picking those opportunities that are--in isolation--the most valuable. Considering each opportunity independently and simply selecting the most valuable ones fails because of interdependencies among them. Portfolio management, therefore, is about understanding interdependencies. This chapter introduce...Desde 8,20 €
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Introduction: Innovation Tournaments Help to Identify Exceptional Opportunities
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3418BC-EServicios y operacionesIn the game of innovation, no bet comes with a guarantee--there will always be risk involved. But that doesn't mean you can't become a better player by shifting the odds in your favor. Although some individual innovations can have fantastic returns, simply spending more on innovation overall won't necessarily lead to increased profits. A tool called the "return curve" will help you see the differences between marginal innovation opportunities and...Desde 8,20 €
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Tournaments 201: An Innovator's Guide to Getting Started
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3447BC-EServicios y operacionesEveryone wants their organizations to be more innovative. This desire, however, is hard to turn into action. Organizations tend to follow a similar pattern, improving performance by progressing along a common path. In this chapter, the authors introduce an innovation maturity model consisting of five levels--a path toward achieving innovation excellence--and outline next steps for both organizations just starting out and those that are more matur...Desde 8,20 €
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Elimination Round: Screening Opportunities--Surfacing the Most Promising Innovation Opportunities
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3440BC-EServicios y operacionesOpportunity screening is the first step in the selection process that aims to identify exceptional innovation opportunities from the pool of opportunities you have collected. It's the qualification phase of the innovation tournament. According to the authors, an effective screening process must be efficient and accurate. This chapter outlines a three-round process for evaluating innovation opportunities to arrive at the most promising. This chapt...Desde 8,20 €
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Tournaments 101: A Primer for Innovators--Finding the Most Exceptional Innovation Opportunities
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3437BC-EServicios y operacionesHow do innovators spot high-potential opportunities when they're still in the embryonic stage? According to the authors, the best approach is to conduct innovation tournaments, pitting opportunities against each other to determine which will create the most value. This chapter provides an overview of innovation tournaments and shows you how companies are currently using them. The authors lay out management levers available to improve your innovat...Desde 8,20 €
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Outside Sources: Sensing Opportunities Externally--Innovation Tournaments Require More--and Better--Ideas
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3439BC-EServicios y operacionesInnovators work inside big established firms and in start-ups to improve their firms' competitive prospects. But opportunities for innovation also bubble up outside firms in places like university labs and hobbyists' garages. Thus, in addition to generating opportunities internally, innovation firms must also sense them externally. This chapter will help you do that by showing you how to understand when externally generated opportunities matter m...Desde 8,20 €
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Structure: Shaping the Innovation Funnel--Designing Innovation Tournaments That Will Work for Your Business
Terwiesch, Christian; Ulrich, Karl T.Capítulo de Libro HBS-3445BC-EServicios y operacionesOrganizations use innovation tournaments to narrow a pool of many opportunities down to the exceptional few that can become profitable innovations. The authors offer a funnel as a useful representation of this process. As you consider the shape of your company's funnel, you should ask yourself: how wide should its mouth be? How many raw opportunities should be considered for every innovation launch to market? How aggressively should the neck of t...Desde 8,20 €