Five years ago, Open Innovation, Design Thinking and Blue Ocean Strategy were well-established innovation management theories. But innovation-related management theories succeed each other rapidly. What’s next?
What do you think the next big innovation theme will be?
Five years ago, Open Innovation, Design Thinking and Blue Ocean Strategy were well-established innovation management theories. But innovation-related management theories succeed each other rapidly. Today’s themes include Open Innovation, Ecosystems, Big Data and Lean Start-ups – topics we were already discussing at that time.
Image credits: Boegh/Flickr
From the very first edition of this publication*, Philips Innovation Services has successfully been identifying trends in innovation management theory. Paul Hissel discussed taking Open Innovation to the next level and sharing technology and ideas with multiple companies. Wil van Mil went into Lean Product Development. Elke den Ouden focused on different types of value companies can create, including the value of sustainability and the ever increasing value of analyzing information from different parties – Big Data! Over the past five years, Industry Consulting has also been working on other approaches, such as Ideas2Business, a practical way to use Business Model Innovation to develop new businesses.
Ideas into practice
There are plenty of theories but the key question is always: What to do with these approaches? How do you incorporate them in your organization? We’d like to share our own practical approach:
- Pinpoint the gaps between your capabilities and your ambition, strategy and the industry’s requirements.
- Once you’ve determined what you need to work on, pilot the key elements you need from existing innovation approaches. Learn, adapt and roll-out.
Finding the blind spots
How do you find out what comes after Business Model Innovation and Lean Start up? What innovation methods to look out for or – better still – actively pursue?
Image credits: Daniel Foster/Flickr
Our colleague Jeroen de Kempenaer suggests one important tool for finding the way ahead: detecting blind spots. “Blind spots can occur in any company, and develop over time. However, IT advances which make information readily available, make it possible to structurally address blind spots. Companies have decision rooms for strategy and business tracking. This approach is also applicable in innovation, looking at markets, needs, competitors and upcoming technologies.”
The MIT Innovation Initiative recently announced it will create the Laboratory for Innovation Science and Policy to pioneer the emerging science of innovation. We look forward to finding out about more about the results of their initiative. In the meantime we’d like you to help co-create the answer to the following question:
“What are the innovation methods, approaches and tools that will become hot over the next five years?”
Share your thoughts with us! Leave a comment below this article.
Iason Onassis, Managing Consultant Industry Consulting, Philips Innovation Services
Source: Innovationservices Philips