A. G. Lafley & R. Charan. The Game Changer: How Every Leader Can Drive Everyday Innovation. London: Profile Books. This book explains the importance of continuous innovation and cautioning how a unique product can turn into commodity if not continuously innovated. The noticeable strong meaning of innovation as foundation for controlling destiny is quoted. The importance of innovating based on customer feedback rather than technology driven as implemented by Procter & Gamble has been explained in a very detailed chapter.
For a customer centric innovation the customer has to be prioritized by the culture of the company with inspiring leadership backing the goal with strategies aligned with the customer. All the different traits needed for customer centric innovation have been explained in each chapter. A. Afuah. (1998). Innovation Management: Strategies, Implementation and Profits. Oxford, United Kingdom: Oxford University Press. The book emphasizes the importance of managing innovation by exploiting the potential at the right time and strategize for maximum benefit.
It starts with comparing leaders Wal-Mart, Intel in industry who succeeded by managing innovation versus early innovators Kmart, IBM who failed by not properly managing innovation. The book links importance of optimizing cost of innovation along with significant differentiation for maximizing profit of an innovation. The book quotes underestimated potential of innovation by some companies in early stages that turned out to be a major innovation later. The implantation of innovation by financing the entrepreneurial activity and limiting costs has been well detailed.
Once the innovation potential is identified, implemented the next step has been explained as globalization for maximizing profits. D, A. Owens. (2012). Creative People Must Be Stopped: Six Ways We Kill Innovation (Without Even Trying). Hoboken, NJ: Jossey-Bass. With so many books in the market on advantages of innovation, mistakes during innovation process and how to optimize innovation, there are very few books on how innovation gets killed even before execution. This is one of the few books on innovation getting blocked by various constraints.
The disadvantages of having a brainstorming with large groups have been well explained with a practical example. It explains how certain products are not appreciated in major firms for innovation but end up becoming a great product when the employee leaves and pursues innovation personally. Finding Apple was given as an example where Steve Jobs pursuing Mac by leaving Xerox. The book has practical examples in every chapter and explains how Kodak did not consider digital photography innovation because competitors were not and ended up falling behind in the race.
The book ends explaining the innovation execution challenges due to culture, complications getting further intense and how innovation gets killed in the fear of failure. F, Marleba & S, Brusoni. (2007). Perspectives On Innovation. Cambridge, United Kingdom: Cambridge University Press. This book highlights different perspectives of innovation from economic growth, individual incentives, regulatory, institutional, business strategic, Entrepreneurship, University system and public policy.
The book goes through a lot of historical references in each perspective sharing the success from the past. Schumpeter’s theory of innovation is quite interesting based from each perspective. The relationship between spin offs and innovation has also been explained with some real examples from past. G. C. O’Connor, R. Leifer, A. S. Paulson, & L. S. Peters. (2008). Grabbing Lightning: Building a Capability for Breakthrough Innovation. Hoboken, NJ: Jossey-Bass. This book focuses on the importance of continuous innovation and not being complacent to be successful in retaining market share.
Air products and IBM were chosen as example for explaining the struggle they had to go through for missing an innovation and finding the next breakthrough innovation. Sealed Air, Kodak were sighted as examples that have made changes to management to convert innovation into successful business. The three main stages of successful innovation discovery, incubation and acceleration were very well combined to complete the whole process. The importance of senior management also mentioned in the book as orchestrators in ensuring that all the above three process are managed properly is detailed with examples of people for major firms in the industry.
The importance of business intelligence in innovation is well prioritized. H. Chesbrough. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Boston, MA: Harvard Business Press. This book goes into all aspects of open innovation and compares closed innovation with open innovation. Xerox Parc Company has been cited as an example to explain the advantages of open innovation. The company lists the Xerox- Parc employees who later turned out to be major innovators in the Silicon Valley.
The importance of connecting internal research with external ideas to create a greater value for innovation has been well explained with major quote from John Seely Brown. Later on the transformation of IBM from closed to open innovation has been explained in detail to explain the advantages of open innovation followed by Intel as another example for open innovation. Lucent has been cited as an example to create new ventures out of existing internal technologies. The book focuses on business models and managing intellectual property and strategies needed to make the transition from closed to open innovation.
H. V. Carstensen & C. Bason. (2012). Powering Collaborative Policy Innovation: Can Innovation Labs Help?. Copenhagen, Denmark: Innovation Journal. The article goes into some interesting insights tying up administrative process with innovation capabilities, politics as a barrier for innovation. Authors discuss about public sector organization being resistant to innovation due to fear of divergence, not listening to citizens feedback. They also present a solution through innovation labs where the problems can be dealt at a different level to obtain solutions and then implemented back into the system.
The article introduces Mind lab as the first lab built in 2001 by ministry of business affairs in Denmark for implanting the innovation lab concept. The article goes into different iterations of mind lab and the success achieved. Jean-Philippe & Deschamps. (2008). Innovation Leaders: How Senior Executives Stimulate, Steer and Sustain Innovation. Indianapolis, IN: John Wiley & Sons. This book is completely about the leadership role in innovation. It goes in detail about special leadership needed for innovation, special qualities observed in some noted innovators, citing Steve Jobs as an example.
The importance of leaders in stimulating and steering innovation has also been clearly explained. The imperatives in the four areas of process, organization structure, cultural and staff profiles have been addressed very well. The four innovation strategies of improving product, process, developing new product, and new business help in understanding role of innovation in any firm. Logitech case has been used as an example to explain role of leadership in innovation. Details about retaining innovation leaders and culture have also been concluded very well in the book. P, Skarzynski & R.
Gibson. (2008). Innovation to the Core: A Blueprint For Transforming the Way Your Company Innovates. Boston, MA: Harvard Business Press. This book lays emphasis on funneling the thoughts of employees, customers and business partners into the innovation process as a core idea to outperform competition. The book lays out three critical pre conditions for innovation. The design rules to optimize innovation pipeline has been discussed with examples. The difference between innovation through R&D and Innovation across business model for customer satisfaction is an interesting part.
The importance of evaluating ideas and innovation architecture has been discussed in a detailed manner. Post innovation scenario like managing supply and demand side of innovation along with sustainability of innovation gives a clear insight into aspects that are often ignored in the innovation process. S. D. Anthony. (2012). The Little Black Book Of Innovation: How It Works, How to Do It. Boston, MA: Harvard Business Press. This book is for detailed analysis of only innovation without complimentary benefits highlighted.
The book explains the need for innovation, explains various innovations made by legends along with a key lesson from each innovation. It explains four major innovators A. G. Lafley, Robert N. Anthony Sr. , Thomas Edison, and Mike Tyson in further detailed manner with an interesting Mt. Rushmore graphic approach. It lists the seven deadly sins of innovation with some historical examples of companies that have committed this sin. The book then has a 28-day program with steps on how to find an idea and take it into innovation. It ends with useful tips and solutions about innovation in various stages in four weeks of innovation program.
S. Denning. (2005). Transformational Innovation—A Journey By Narrative. Bingley United Kingdom: Emerald Group Publishing Limited. This book, as the title indicates, explains the transformational challenges to drive an innovation in a company. As by many employees are resistant to change and Innovation is demanding change the book explains Innovation well as going to war against whole company. The book starts with IBM case as an example. The books explains all the challenges to be addressed during initial stages from idea followed by business case and then goes into detail on how to commercialize discovery and manage the discovery.
T, Jones, D. McCormick, & C. Dewing. (2012). Growth Champions: The Battle For Sustained Innovation Leadership. Indianapolis, IN: John Wiley & Sons. There are multiple ways to grow a company as explained in this book. The two major ways are organic and inorganic (Mergers & Acquisitions). The book explains that 50% of the mergers and acquisitions have a chance of failure along with a classic example of Daimler- Benz – Chrysler failure. The book further promotes organic growth leading to the necessity of innovation in a firm.
The book then goes through cases of growth relationships between Nestle and PepsiCo, Audi and Samsung Electronics, Reckitt Benckiser and Procter & Gamble, Starwood Hotels and Inditex, Amazon and Google, Narayana Hrudayalaya and Novo Nordisk, Rolls Royce and ARM, BASF and Ahell, Tata and Bharti, Lego and Apple. These real world examples help a great deal in explaining the role of innovation in growth. Thomas, M. Koulopoulos. (2009). The Innovation Zone: How Great Companies Re-Innovate For Amazing Success. Boston, MA: Nicholas Brealey Publishing. The author focuses on innovation in a world of uncertainty and unexpected possibilities.
The book explains how to incorporate innovation into the corporate system so that it can create a sustaining innovation process to continue long-term innovation process. The importance of leadership in innovation, the innovation process, and by products of innovation creating more value than actual innovation are some good pointers from this book. The advantages of open innovation are discussed as the latest strategy adopted by majority of companies to withhold their customer footprint. The lessons of innovation help in understanding act as the pillars of innovation process as explained. T. O.
Akenroye. (2012). Factors Influencing Innovation in HealthCare: A conceptual synthesis. Germany: Leipzig Graduate School of Management. In this journal, Innovation is described as the effect been made directly on the organization. Different degrees of innovation explain the impact made to the organization. Forces driving innovation in private sector help change in operating environment, technological changes, and customer changes, changing nature of competition. Forces driving innovation in public sector help increase demand with long-term challenges, which lead to tightening of public finance.
Various factors that enforce the need for innovation in health sector include social concerns, supply chain necessities, sustainability obligations, unable operational landscape, Technological changes, and persistent and long-term health problems. Overall this article summarizes well the factors influencing innovation in health care. V. Govindarajan & C. Trimble. (2005). Ten Rules For Strategic Innovators: From Idea to Execution. Boston, MA: Harvard Business Press. This book explains the different approaches needed for idea perception to execution by highlighting some of common mistakes committed in the initial stages of innovation.
The organizations get compared to elephants and gives insight on how to deal with obstacles in corporate structure. The qualities that support the learning process and that inhibit the learning process are further explained along with value of experience in Innovation. The different planning strategies have been evaluated with the advantages and disadvantages. The book ends with summarizing all the ten rules for strategic innovation. I believe, as the data is a quantified approach it helps in right focus on the key aspects of innovation.