There is a reason why companies like Google, Ford, Fidelity and Marriott all have their own innovation labs. Not only do they allow room for people to experiment, explore new ways of thinking and hold the promise of creating breakthrough products, services and business models, but they also have plenty of PR value. But do they really deliver, or are they just flashy programmes that fall short of their promise?
"With the mass commoditization brought about by technology, your people are now your greatest source of competitive advantage. What’s required is a complete reinvention of people strategies."
As part of their mission to drive progress towards the Sustainable Development Goals (SDGs), the UK’s DFID and Unilever have launched an open call for social enterprises to share their ideas, harnessing the power of open innovation through the TRANSFORM initiative.
Rather than getting to the market as quickly as possible, businesses are taking a more measured approach to innovation in 2018. Comparing to data from 2016, the GE Global Innovation Barometer found that “innovation achievers” are increasingly cautious in their approach to innovation.
As part of its Executive Education offering, the Harvard Business School has developed an alternative to an executive MBA programme. Designed for specialists and contributors with 10 to 15 years of work experience, the Program for Leadership Development (PLD) is an accelerated learning experience for emerging business leaders.