Terms related to »Innovation«

Innovation

We follow a very basic formula here: creativity + implementation = innovation. In non-commercial environments, this would be an idea that creates value because it got implemented. In commercial environments, it would be the introduction of something new to the market, or if you will, an invention that is commercialized. [ » read more ]

Innovation Barrier

Innovation barriers are organization-specific obstacles that internal innovators or intrapreneurs will run into when trying to push their idea or venture to implementation or market.  [ » read more ]

Innovation Capability

The skills and knowledge required to bring innovation forward through the stages of discovery, incubation and acceleration, while managing their interfaces with the core organization with as little unproductive friction as possible. [ » read more ]

Innovation Ecosystem

This term is often used synonymously for ‘innovation system’ and can mean many different things at different levels. For more information, refer to the levels of an ‘ecosystem’. [ » read more ]

Innovation Fatigue

A phenomenon occurring with managers who have already tried different approaches or management ideas to innovation that didn’t produce the desired results. That experience makes them hesitant to try ‘new approaches’. [ » read more ]

Innovation Practice

The customary, habitual, or ‘expected’ procedure or way of doing innovation in an organization. Often driven by underlying management ideas, beliefs, or method(ologie)s. [ » read more ]

Innovation Strategy

The set of interrelated choices an organization makes on how to use innovation to win in the market. [ » read more ]

Innovation System

An innovation system, as understood at a company-level, designates the infrastructures for finding, developing, evaluating, and implementing new ideas and business models within an organization. It is the organization’s ‘operating system’ for innovation. [ » read more ]

Innovation System Design

The application of design and lean innovation thinking and proven change management approaches to the design of interventions to create a sustainable innovation system. [ » read more ]

Innovation Theater

Any episodic, PR-guided, or underfunded ‘innovation work’ which is staged to show people (investors, talent, general public) that innovation is happening, even though no tangible outcomes can be expected. [ » read more ]

Innovation Tourist

Low-performing (read: not intrinsically motivated) people from the core organization who are sent by their superiors into labs or innovation programs for several months, just ‘to get rid of them’ for a while. [ » read more ]

Innovation Vehicle

An entity or program in an organization's innovation support infrastructure (innovation system) which removes innovation barriers and helps innovation teams get certain jobs done. The jobs of the vehicles are often related to a certain phase in a product, service, or technology innovation life cycle. [ » read more ]

Innovation Zoo

A situation where resources are spread too thinly across too many ideas and there is not enough commitment to really double-down on investment in selecting the most promising options. [ » read more ]

Intrapreneurship

The act of behaving like/running a business like an entrepreneur while working within a large organization. [ » read more ]

Invention

According to U.S. Patent Law an invention is “a new, useful process, machine, improvement, etc., that did not exist previously and that is recognized as the product of some unique intuition or genius, as distinguished from ordinary mechanical skill or craftsmanship.” [ » read more ]