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Innovation opportunity: Turn products into services   How can your products be turned into services, and your services re-thought to make them even more comprehensive? This growing area offers many opportunities for innovation, says Jeffrey Baumgartner.   Bridging the innovation planning gap   Open innovation: How to develop a successful technology licensing program   In innovation, the simple trumps the complex

The innovation premium is the proportion of a company's market value that cannot be accounted for from the net present value of cash flows of its current products in its current markets. Put another way, it's the premium the stock market gives a company because investors expect it to launch new offerings and enter new markets that will generate even bigger income streams. We use the innovation premium to rank the world's most innovative companies and this has prompted a number of questions about the methodology.

People can improve their innovation skills by mentally simulating the use of innovation tools.  Chip and Dan Heath in their book, Made to Stick, talk of the importance of mental simulation with problem solving as well as skill-building.

The cycle of serendipity (or not) came to me while having coffee yesterday with Valdis Krebs: "what you know depends a lot on who you know which depends a lot on what you know which depends a lot on who you know"…iteratively.  If you stay within those confines, your network remains fairly constant and self-selected.  Your chances of learning something new, of encountering 'happy accidents' is reduced, perhaps not zero, but not high.  It's when you venture outside of that circle that your network, and knowledge, starts to expand - you 'know' more people so you 'learn' more which leads to knowing more people and on and on. As I reflect upon how I know what I know, almost all of that knowledge & network has been serendipitous - Random Collisions of Unusual Suspects (#RCUS), to quote Saul Kaplan.   Let's look at Random (and then examine the other words over the next few weeks before BIF-7).  The OED defines Random as "Having no definite aim or purpose; not sent or guided in a particular direction; made, done, occurring, etc., without method or conscious choice; haphazard."  Originating in the 14th Century with an unclear origin, it meant impetuosity, sudden speed, violence.  In the mid 17th Century, it took on the meaning of haphazard, from the Old French randon (v. randir "run impetuously, fast") from the Frankish rant "running" from the prehistoric German randa.  But here's where I think it gets very interesting.  Originally, randa meant 'edge' - which lead the English rand, an obsolete term for 'edge' (now the South African currency).[2] It is this last, or very very early, meaning of 'edge' that intrigues me.  Innovation, especially disruptive innovation, comes from the edges, from the fringes.  So, for the next week or so, just try to put yourself in Random situations - situations that are not planned, not directed and even perhaps at the edge of your usual business or personal world and see what

Company Overview
The Creative Leadership Forum Learning Centre is a global management consultancy specialising in the benchmarking, measuring and development of creative behaviors for organizational value.

Committed to developing human capital in organizations, the Creative Leadership Forum Learning Centre collaborates with its clients to help them realize their organizations' visions to create tangible value.

With deep expertise in management innovation and a broad global network of academics and practitioners with proven experience in consulting in this space, the Creative Leadership Forum Learning Centre can mobilize the right people, skills, alliances to realise your organization's key drivers for success.

Using the theories of organizational economics and its own unique IP, the Creative Leadership Forum Learning Centre benchmarks and measures the key elements of the organization's key drivers for success - its management innovation infrastructure and its creative ecology.

The overview   

Provides a holistic view of the organization as a creative system
Benchmarks the organization's management innovation capabilities and capacities in that syste
Identifies critical areas with potential for development and improvement
Recommends and delivers interventions to drive value, success and growth.

Innovation is the lifeblood of our global economy and a strategic priority for all CEOs everywhere. We're all familiar with classic cases where revolutionary ideas upended industries and generated enormous wealth: the Apple iPod's outplaying the Sony Walkman; Starbucks' beans and atmosphere flooding out traditional coffee shops; Skype's using a strategy of "free" to unspool AT&T. But how about Reckitt Benckiser Group, the British consumer products giant (Lysol, Woolite, Clearasil), which looks to customers, among others, to find new methods to detect parasites?

In chaotic times, an executive's instinct may be to strive for greater efficiency by tightening control. But the truth is that relinquishing authority and giving employees considerable autonomy can boost innovation and success at knowledge firms, even during crises. Our research provides hard evidence that leaders who give in to the urge to clamp down can end up doing their companies a serious disservice.

Although business thinkers have long proposed that companies can engage workers and stimulate innovation by abdicating control-establishing nonhierarchical teams that focus on various issues and allowing those teams to make most of the company's decisions-guidance on implementing such a policy is lacking. So is evidence of its consequences. Indeed, companies that actually practice abdication of control are rare. Two of them, however, compellingly demonstrate that if it's implemented properly, this counterintuitive idea can dramatically improve results.

Furthermore, we've found that contrary to what many CEOs assume, leadership is not really about delegating tasks and monitoring results; it is about imbuing the entire workforce with a sense of responsibility for the business. This applies mainly to knowledge organizations, but even production-oriented companies can benefit from having employees who feel more empowered and engaged.

If abdication of authority is to yield value for the corporation, however, individuals must be self-motivated. CSC Germany does this by allowing employees to work on the one of five topics that best utilizes their talents and excites their interest. This involves joining a topic community, such as the one focusing on strategy and innovation. Issues are discussed in these groups until all participants come to an agreement, and leadership within the groups shifts frequently, settling on individuals who have the most competence in the areas of focus and are accepted by others as leaders.

We call such practices "mutualism." It involves measuring workers not against revenue or other numerical goals, which we have observed to be ineffective as motivational tools, but against qualitative values such as trust, responsibility, and innovation. And it implies that leaders don't dictate vision or strategy; instead, they enable employees to create a common vision through, for example, off-sites for discussion of strategic issues and regular feedback and education. Hitting numerical goals has been the natural outcome.

Relaxation of control can benefit any knowledge company, but particularly in certain circumstances: when the organization begins to miss opportunities because it can't understand or respond to market demands; when work is impaired because employees feel excessively pressured and harbor dissatisfaction; and when crises imperil the business. Then mutualism is the best way to unleash the power of employees' creativity.

We call such practices "mutualism." It involves measuring workers not against revenue or other numerical goals, which we have observed to be ineffective as motivational tools, but against qualitative values such as trust, responsibility, and innovation. And it implies that leaders don't dictate vision or strategy; instead, they enable employees to create a common vision through, for example, off-sites for discussion of strategic issues and regular feedback and education. Hitting numerical goals has been the natural outcome.

I had intended writing a series of blog posts in the run up to the pilot launch of  The Smart Work Company's social learning platform in September. Turmoil in global financial markets, with the downgrading of the US credit rating and simultaneous shenanigans in the Euro zone, gives focus to the topics I want to explore.
The series, Smart Working in Turbulent Times, will include themes that I have talked about before in previous blog posts in a random way. My hope is that this series will pull topics together to create a rationale for smart working, to explore what it is, to make the case for why now (urgently) and to show how smart working practices can be enabled, drawing on researching new ways of working over a fifteen year period and years of practical experience of helping senior executives make the transition to new ways of working.
Themes
Off the top of my head, the themes will include:
What?
Context: turbulent times past and present - there are lessons
How organisations work (and don't) - relationship dynamics, power, culture, conflict, alliances, psychological needs, performance environments etc
Smart principles underpinning design for:
Viability (including emotional and psychological well-being)
Adaptability
Autonomy
Integration
Collaboration
Wirearchy
Distributed diversity
Collective intelligence
Social skills
Thinking skills
Leadership skills
Learning skills
Performance environments, including:
Cultural and social environment
Online place
Physical space
Whole system of leadership
How?
All this research and good practice that others have found effective in specific contexts and at specific times cannot be be copied or rolled out. What to do?
Draw out principles and interpret for your own situation
Create hypotheses about what is happening or what you want to happen
What might work?
What might enable or prev

The large innovative move from an established company, or the disruptive startup that become a billion dollar company at the founders first attempt, is the exception. There is no silver bullet, a single thing they did and which we can replicate. Most of us need to play a longer game if we want to see success. Each time we roll the dice we need to ensure that the odds move a little further into our favour by: being frugal with our resources moving to a position where we have a better chance of success make the most of the opportunities that are presented to us learning from our previous mistakes

The point is, it is the most interesting, attractive, high-margin work that spans boundaries and requires a network approach. Firms large and small can comfortably do process work internally, but to get the ground-breaking work they must learn to use open innovation and build external networks into the core of how they work.

Looking over the edge
Our work seeks to link the latest academic thinking from thought leaders across a variety of disciplines with the operational challenges and experiences of the members. The outcome is innovative service models, strategies, practices and standards that are operational.

Our Work
Looking over the edge
Our work seeks to link the latest academic thinking from thought leaders across a variety of disciplines with the operational challenges and experiences of the members. The outcome is innovative service models, strategies, practices and standards that are operational.
To accomplish this, the Consortium hosts a number of activities the core of which are the Team Meetings. The Team Meetings are working sessions on specific topics. The speed with which the Consortium's work progresses is a function of the member's courage to try new and un-proven ideas. The Team Meetings are the place where we discuss these emerging ideas and learn from the members experiences.

Buy-In Saving Your Good Idea from Being Shot Down-by John Kotter and Lorne Whitehead So, you believe in a good idea. You're convinced it is needed badly, and needed now. But, you can't make it happen on your own. You need support in order to implement it and make things better. You or your allies present the plan. You present it well. Then, along with thoughtful issues being raised, come the confounding questions, inane comments, and verbal bullets-either directly at you or, even worse, behind your back. It matters not that the idea is needed, insightful, innovative, and logical. It matters not if the issues involved are extremely important to a business, an individual, or even a nation. The proposal is still shot down, or accepted but without sufficient support to achieve all of its true benefits, or slowly dies a sad death. What do you do? This is not a book about persuasion and communication in general, or even about all the useful methods people use to create buy-in. Instead, here we offer a single method that can be unusually powerful in building strong support for a good idea, a method that is rarely used or used well, and that does not require blinding rhetorical skills or charismatic magic. We have seen that this method of walking into the fray, showing respect for all, and using simple, clear, and common sense responses, can not only keep good ideas from getting shot down, but can actually turn attacks to your advantage in capturing busy peoples' attention, helping them grasp an idea, and ultimately building strong buy-in.