Innovate Within

Being surrounded with ready-made solutions to problems can inhibit our creative growth.

For decades large companies have set up R&D labs outside their corporate headquarters, often in foreign countries, in spite of having a large home market with lots local R&D talent. IBM's research center in Zurich, GM's research center in Israel, Toyota in the U.S are examples.

Managers will have to choose.

Seven elements are key

Firms that want to be more entrepreneurial have to reward employees who act like entrepreneurs, even if that means failing and acting like weirdos.

Twenty years after the introduction of the theory, we revisit what it does—and doesn’t—explain.

Innovation is not easy. In fact, it's quite difficult, and anyone who tells you otherwise is an idiot. Mistakes are bound to happen, and there is no shame in that -- as Edison famously observed,

The tech stalwart has been hiring designers by the hundreds, all part of an accelerated approach to product development that is a major departure from the past.

If we want to drive growth and profitability in the enterprise, we need to redefine innovation. Changing how we think about innovation directly influences our ability to transform our organization and execute our strategy. The concept of innovation means different things to different people. Sometimes, it is even used interchangeably in [...]

A company full of intrapreneurs represents the epitome of collaboration and cooperation.