What it takes for Group Dynamics to kill innovative drive

How Group Dynamics May Be Killing Innovation
To come up with the next iPad or Amazon, the pacesetters of the future need solitary brainstorming time, according to new Wharton research. In a paper titled, "Idea Generation and the Quality of the Best Idea," Wharton professors Christian Terwiesch and Karl Ulrich argue that group dynamics are the enemy of businesses trying to develop one-of-a-kind new products, unique ways to save money or distinctive marketing strategies. 

Do Skills Shortages Threaten Corporate Growth and Innovation?

Global Skills Shortages Threaten Corporate Growth and Innovation

by CFO Innovation Asia Staff

Αccording to a new survey released by Deloitte and Forbes Insights, “Talent Edge 2020,” the quest for talent in global and emerging markets is the leading concern among 41% of the corporate executives and talent managers surveyed, and a slightly more pressing concern for companies in Europe, the Middle East and Africa (48%) than their counterparts in the Americas or Asia-Pacific countries (35% and 41%, respectively).

The Survey, also reveals potential critical shortfalls in research and development (R&D) skills and executive leadership. Nearly three-quarters of executives surveyed (72%) anticipate either a severe or a moderate shortage in R&D talent, while more than half of those same executives (56%) stated they expect the same magnitude of shortage among executive leadership.

Strategic Innovation - The AVAC framework (Activities, Value, Appropriability, and Change)

In his book Strategic Innovation (Routledge, 2009), professor Allan Afuah provides us with a comprehensive strategic framework for assessing the profitability potential of a strategy or product.- the value of "new game" strategies -  in the face of rapid technological change and increasing globalization. It's not enough to create value in new and different ways, he says. Nor is it sufficient to merely capture value today. To compete and win, firms may need to rewrite the rules of the game altogether, overturning existing ways of both creating and appropriating value.  The most important thing, he stresses, is that a firm pursue the right new game strategy... A brief Interview of Professor Allan Afuah by Deborah Holdship follows....Let's start by talking about strategic innovation in the most general sense.

Integrative Leadership: A collaborative model that delivers results

"In the twenty-first century a new vision of leadership is needed more than ever. Leaders must integrate knowledge and talent from individuals in the private, not-for-profit, and government sectors to advance the common good."   Marilyn Carlson Nelson, Chairman Carlson School of Management Integrative Leadership  = leadership that promotes innovative, responsible, and effective solutions to cross-sector challenges locally, nationally, and globally.     Integrative leadership identifies the common ground among sectors and leverages their unique influence and resources to better move organizations, communities, and society forward in times of increased interconnection and rapid change. The Center for Integrative Leadership at the Carlson School of Management - University of Minnesota aims to better understand how collective action across sectors (business, government, nonprofits, media, academia) and geographic boundaries can solve some of the world’s most pressing and complex societal problems. Integrative leadership is driven by the following key concepts: Inclusion Involving stakeholders who can affect change in the process is a crucial task. Shared purpose Getting key stakeholders to agree on common purpose is critical to building sustainable solutions. Systemic thinking Helping members of a group to see the interdependencies of various actions and contributions they make to resolve a problem contributes to greater understanding of a problem and increased support for the solution. Sometimes, the least obvious factors are the most important. Inquiry Questioning all of the stated or unstated assumptions about the problem and facilitating an open and honest analysis of alternative points of view leads to fuller engagement by stakeholders. Consideration should be given to multiple working hypotheses. Constructive dialogue Choosing language and methods of developing shared meaning is important. Innovation Creatively resolving differences among opposing ideas can lead to innovative outcomes. Many problems are solved when a group uses inquiry to discover a new solution or a variation of a solution that is acceptable to members of the group.   O2ibm > Learn & Lead

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