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Highlights

 

We are all witnessing an increasing velocity of product and service innovation within the competitive landscape. Creating a sustainable process for successful innovation is now even more critical for corporate survival. Yet, it seems that only nimble startups and a select few larger companies are able to accomplish this.  Why is that? Our panelists have experienced innovation success and failure at some of the largest Fortune 500 companies and some of the smallest tech startups. Listen to this roundtable to find out more about their lessons learned. 

Topics covered included:

  • What differentiates successful innovation from the more typical product evolution?
  • How do you best measure true innovation success vs. failure?
  • How can you best optimize your organization and processes to foster successful innovation?
  • After experiencing many different innovation programs and processes, what actually works?
  • What are the myths of innovation that continue to be pitfalls?

Speakers

Luke Wroblewski
Digital Product Design L...
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Adam Nash
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Greylock Partners
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Kate Aronowitz
Director of Design
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Larry Cornett
Founder & CEO, Innovatio...
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@GBChallengeKC tweeted
@MyHeroDevon tweeted
Thanks, I enjoyed this event and the recorded version
Sept. 29, 2011
@briellenikaido tweeted
This event was well worth my time and addressed many issues in a very practical way. I can use information that I heard. One interesting point that lingers is the apparent contradiction between some of the panelists comments about fostering innovation and what was written in the book The Innovator's Dilemma. It would be interesting, in another setting, to dig more into this observation.
Sept. 29, 2011
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Nipun Jethi
Nipun Jethi Replied on Sept. 29, 2011

What's the contradiction? Maybe we can setup a followup roundtable to dig into, as you suggest.

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Lisa Kaczmarczyk
Lisa Kaczmarczyk Replied on Sept. 29, 2011

If I recall correctly, there was a discussion about the often counter productive result of separating off a team of people to work on innovative R&D. The reasons stated sounded reasonable: a disconnect with the rest of the business and inability to integrate ideas into the rest of the company, and a negative perception of the team by others in the company. On the other hand, one of the points the ID book made was the importance of protecting true innovators from the pressures of daily ROI driven activities and other demands on time. The book goes so far as to say that geographic displacement can be a very good idea. These two perspectives seem in direct conflict with one another.

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Larry Cornett
Larry Cornett Replied on Oct. 3, 2011

This would be a great follow-up discussion. For me, the key difference is: Are you trying to create a new, disruptive product or service OR are you innovating/evolving an existing product or service? If the answer is the former, then you may very well want to assemble a separate team of disruptive and creative innovators and isolate them from the day-to-day distractions of the rest of the organization. But, if the latter is your goal, I believe that the innovation team had better include some of the existing members of the product team. Otherwise, you risk resentment, suffer a lack of deep knowledge about the product or service, and jeopardize successful integration of the innovation back into the product or service delivery.

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Lisa Kaczmarczyk
Lisa Kaczmarczyk Replied on Oct. 7, 2011

You have made an important distinction - thanks Larry. It would be even more interesting now I believe, to talk about this topic because I can see that there is likely to be overlap and interesting push and pull in deciding how to create and sustain teams of either type. There are going to be many interesting details that will crop up as the larger issues are fleshed out - just one that comes to mind is: if one is assembling a team for an existing product/service innovation, is it possible to create a hybrid situation so as have a team including existing members but also protect them from the usual forces that get in the way.

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Larry Cornett
Larry Cornett Replied on Oct. 7, 2011

Absolutely. I think the key is to have the right people on the innovation team first (e.g., those with the product knowledge, influence, and ability to take the innovation forward in addition to disruptive thinkers) and then give the team time and space to create. You often do need to "protect" them from the day-to-day disruptions, so that they don't get distracted or derailed.

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@AHosselet tweeted
Would have liked to know who was speaking to distinquish among the male voices. Discussions a bit disorganized - not an easy thread to follow ... prefer outline for basis of roundtable.
Sept. 29, 2011
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