News and Views.
Adrian Wooldridge writes in the Economist's "The World in 2013" edition that 'conglomerates, out of fashion since the 1980's, are roaring back'. He predicts that the 500 biggest American companies are sitting on more than $1 trillion in cash and will be looking to invest it in new and diverse ventures in areas beyond their core competencies.
Business news site businessinsider.com recently published Byron Wein's 2013 list of surprise predictions. Mr. Wein, an investing legend who currently serves as Vice Chairman for Blackstone, has unveiled his latest list of surprise predictions which he believes have a better than 50% probability of happening.
Corporate Venture Capital is back and it looks like it's here to stay, according to Boston Consulting Group. In a recent article, BCG describes how they believe CVC is well on its way to establishing a firm foothold in the corporate world as companies look to nascent companies not just to generate financial returns but also to complement their R&D efforts, penetrate fast-growing emerging markets, and gain early access to potentially disruptive technologies and business models.
How can you achieve seamless execution? You need to be creative. Eric Beaudan in Fast Company reckons creative execution is the perfect storm that’s generated when the organization’s direction is fully embraced by its employees, stakeholders, and customers, and the total intellectual, emotional, and creative energy that resides inside all of us is unleashed in unison. And to be successfully deployed inside any organization, creative execution requires 5 essential ingredients.
The latest McKinsey survey on innovation asked executives about the organizational innovation structures in place at their companies, the strategic and financial objectives they've set for the structures, and the people and processes involved in achieving innovation outcomes. See the results.
Many innovations, that on paper should succeed, fail hugely due to a proportionate and overlooked reason. This story is notified at the beginning of The Wide Lens: A New Strategy for Innovation. The latest book by Ron Adner, Professor of Strategy at the Tuck Business School at Dartmouth. Forbes Reports.
Putting new products to market requires financial, human and project resources. When a poor execution results in a product launch delay, some companies can be billed for other costs, some go unnoticed. A delay to launch a product results in delay of the revenue streak that a new innovation will earn. Given the time is money ratio, this financial loss can be huge. Innovation.com reports.
Many people think innovation is all about ideas, it is actually more about delivery, people, and process. Entrepreneurs looking to innovate must understand the execution challenge if they expect their startup to carve out a profitable niche in the marketplace, and keep innovating to build and maintain a sustainable competitive advantage. Forbes reports.
Nowadays days, every established company could be at risk of having its industry--and its own business disrupted by a startup. Companies devote a lot of time to talking about how important it is to innovate. But here’s the truth: most companies can’t innovate because everyone is paid to maintain the status quo.