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Innovation Management Trends 2024

The document discusses new issues in innovation management, focusing on co-creation with customers, open innovation, and social creation. It highlights the importance of partnerships, user engagement, and the challenges faced in implementing these innovative strategies. Additionally, it emphasizes the role of networks and teams in fostering innovation and the need for responsible innovation practices.

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0% found this document useful (0 votes)
13 views15 pages

Innovation Management Trends 2024

The document discusses new issues in innovation management, focusing on co-creation with customers, open innovation, and social creation. It highlights the importance of partnerships, user engagement, and the challenges faced in implementing these innovative strategies. Additionally, it emphasizes the role of networks and teams in fostering innovation and the need for responsible innovation practices.

Uploaded by

honhoahoc3.14
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

4/11/2024

Chapter 8 New issues in • 1. Co-creation from customers


• 2. Open Innovation
• 3. Social Creation

innovation management • 4. Teams and networks

1 2

1. Co-creation from customers • Fewer suppliers, longer-term


relations
• Greater equity – real ‘cost
transparency’
• Focus on value flows – the
relationship, not the contract
Characteristics • Vendor assessment, plus
of partnership development
models • Two-way or third-party
assessment
• Mutual learning – share experience,
expertise, knowledge and
investment

3 4
4/11/2024

Options in engaging users


2. Open innovation

5 6

Open innovation
Core principles of open innovation

7 8
4/11/2024

• conditions and context, e.g.


environmental uncertainty
and project complexity
• Orchestra
• Creative bazaar • control and ownership of
Models for Challenges resources
• Jam Central
open • Mod station
in open
innovation innovation • coordination of knowledge
• Infusion flows

• creation and capture of


value.

9 10

Challenges in open innovation Challenges in open innovation

11 12
4/11/2024

Strategies to support open


innovation • Fewer suppliers, longer-term
relations
• Greater equity – real ‘cost
transparency’
• Focus on value flows – the
relationship, not the contract
Characteristics • Vendor assessment, plus
of partnership development
models • Two-way or third-party
assessment
• Mutual learning – share
experience, expertise, knowledge
and investment

13 14

Options in engaging users


Tools for working with open connected
innovation

• Innovation markets –
e.g. [Link]
• Innovation contests
• Innovation
communities
• Innovation toolkits
• Innovation
technologies

15 16
4/11/2024

Social innovation
3. Social creation

Using innovation to create Innovation for the greater good


social value

17 18

Why social innovation? • Social innovations are


usually new combinations
or hybrids of existing
‘Social entrepreneurs are not content just to give a fish or elements, rather than
teach how to fish. They will not rest until they have being wholly new in
revolutionized the fishing industry’. Characteristics themselves.
of social
— Bill Drayton, CEO, chair and founder of Ashoka, a innovations
• Implementing them
global non-profit organization devoted to developing the
involves cutting across
profession of social entrepreneurship
organizational, sectoral or
disciplinary boundaries.

19 20
4/11/2024

• They create new social • Motives and aims – less concerned


relationships between with independence and wealth, and
previously separate individuals more concerned with social means
and groups, contributing to the and ends
diffusion and embedding of the • Timeframe – less emphasis on
innovation, and increasing short-term growth and longer-term
potential for further harvesting of the venture, and more
Characteristics
innovations. Social concern on long-term change and
of social enduring heritage
innovations • Social innovation is also seen as innovators….
• Resources – less reliance on the
building on the inherent firm and management team to
capacities of individuals and execute the venture, and greater
communities, which makes the reliance on a network of
notion of open innovation stakeholders and resources to
especially relevant. develop and deliver change

21 22

Mapping social innovation to


Challenges in social innovation core model
Challenge area
Search Recognising and connecting opportunity rather than focusing on
urgent need areas. Need passion, vision and ability to bridge
different worlds
Selection Need to build networks of support across multiple stakeholders –
but may also need to manage conflicts of different aims and
interests amongst those stakeholders
Implementation Need for agility and ingenuity to access resources
Capture value Challenge of moving beyond pilots – need for complementary
assets and partnerships
Strategy Need to balance passion with realism in reconciling aims of
different stakeholders
Organization Moving to scale will require extensive external networking and
different internal organization, risk of conflicts of values
Context ‘Lumpy’ and irregular funding, risk aversion amongst donors

23 24
4/11/2024

Social identity matters • social innovation as


securing a ‘licence to
operate’

Corporate • • social innovation as


social
aligning values
responsibility

• • social innovation as a
learning laboratory

25 26

• The WWF reports regularly


Sustainability on the challenges to
sustainability and their data
suggests that we are
consuming resources
equivalent to more than One
The Planet….
threat…. •
• [Link]
we_do/how_we_work/conse
rvation/one_planet_living/

27 28
4/11/2024

Some data on reports suggesting big market


and growth potential Scope for innovation
• PricewaterhouseCoopers report
estimate significant market potential in
the provision of green goods and
services, as high as 3% of global GDP
… and the • [Link]
e-market-potential-for-ecofriendly-
opportunity products-and-services-is-over-$40-
bn/1/[Link]
• [Link]
marketplace
• [Link]
vey-shows-huge-potential-for-eco-
friendly-growth-in-new-zealand

29 30

Options in sustainability-led
The NBS framework
innovation
• The Network for Business Sustainability regularly
reports on sustainability-led innovation
• This is a link to their website
[Link]

• Amongst other resources there’s a webinar and


downloadable report describing a major research
study and framework for sustainability-led innovation
which is also available here:
[Link]

31 32
4/11/2024

Overview of NBS model Level 1: Operational optimization

33 34

Examples of operational Level 2: Organizational


optimization transformation

35 36
4/11/2024

Examples of organizational
Level 3: Systems change
transformation

37 38

Examples of systems change A typology of sustainable innovations

39 40
4/11/2024

Mapping sustainability to the innovation process Challenges in managing sustainability-led innovation


Stage Challenge
Search Peripheral vision, searching in unfamiliar fields
Reframing
Finding, forming and performing in novel networks
Select Resource allocation under high uncertainty
Cognitive dissonance
Not-invented-here
Implement Mobilizing new internal skills, structures, etc.

Capture value Crossing the chasm and the diffusion process

Innovation strategy Need for clear roadmap for the future which embeds
sustainability vision
New paradigm based on people, profit, planet types of model

41 42

• “Responsible innovation
means taking care of the 4. Teams and network
future through collective
stewardship of science and
innovation in the present.”
Responsible • Four key dimensions:
innovation – Anticipation
– Inclusiveness
– Reflexivity
– Responsiveness

43 44
4/11/2024

How innovation happens? How it really happens

Process Success (?)

45 46

Different network perspectives on innovation

• Collective efficiency
Why • Collective learning
networks? • Collective risk-taking
• Knowledge intersection

47 48
4/11/2024

• Standards groups
• Entrepreneur-based • Supply chain learning
• Internal project teams • Learning networks
• Internal entrepreneur • Recombinant innovation
networks Types of networks
Types of
• Communities of practice
innovation • Managed open innovation
innovation networks
network
network • Spatial clusters • User networks
(continued)
• Sectoral networks • Innovation markets
• Development consortia • Crowdsourcing and funding
networks

49 50

• In shared learning there is the potential for challenge and


structured critical reflection from different perspectives .
Examples of learning networks
• Different perspectives can bring in new concepts (or old
concepts which are new to the learner).

• Shared experimentation can reduce perceived and actual

Benefits •
costs or risks in trying new things.

Shared experiences can provide support and open new lines

of •
of inquiry or exploration.

Shared learning helps explicate the systems principles,

learning seeing the patterns (separating the wood from the trees).

• Shared learning provides an environment for surfacing


networks assumptions and exploring mental models outside of the
normal experience of individual organizations (helps
prevent ‘not invented here’ and other effects).

• Shared learning can reduce costs (e.g. in drawing on


consultancy services and learning about external markets)
which can be particularly useful for small/medium-sized
enterprises (SMEs) and for developing country firms.

51 52
4/11/2024

• how to manage something Types of innovation networks


we don’t own or control
• how to see system-level
effects not narrow self-
Challenges interests
in building • how to build trust and
innovation shared risk taking without
tying the process up in
networks contractual red tape
• how to avoid ‘free riders’
and information ‘spillovers’

53 54

Barriers to new network formation


A framework for thinking about new networks

55 56
4/11/2024

Types of innovation networks • Network boundary management. How the


membership of the network is defined and
maintained.
• Decision making. How (where, when, who)
decisions get taken at the network level.
• Conflict resolution. How conflicts are resolved
effectively.
Managing • Information processing. How information flows
among members and is managed.
innovation • Knowledge management. How knowledge is
created, captured, shared and used across the
networks network.
• Motivation. How members are motivated to
join/remain within the network.
• Risk/benefit sharing. How the risks and rewards
are allocated across members of the network.
• Coordination. How the operations of the network
are integrated and coordinated.

57 58

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