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Structured Innovation: Using the Ideal Final Result
Akhilesh Gulati
Editor’s note: This article continues the series exploring structured innovation using the TRIZ methodology, a problem-solving, analysis, and forecasting tool derived from studying patterns of invention found in global patent data. As the executive council got down to business for the day,…
Using Prizes to Spur Innovation
MIT News
Prizes have long been used to induce solutions to national challenges. Between the 16th and 19th centuries, prizes yielded vaccine inoculation, lifeboats, a method of calculating longitude at sea, new food-preservation techniques, and more. But by the late 19th century, prizes had largely been…
NIST Announces 12 Small Business Innovation Research Awards
NIST
The National Institute of Standards and Technology (NIST) has announced nearly $2 million in Phase I and Phase II Small Business Innovation Research (SBIR) awards to 12 U.S. businesses. These awards provide funding to help companies develop technologies that could lead to commercial and public…
Innovation Almost Bankrupted LEGO
Knowledge at Wharton
It was 2003, exactly 56 years after Ole Kirk Christiansen bought the first plastic injection molding machine in Denmark to start manufacturing plastic bricks for building-block toys. On the surface, or so it seemed, the LEGO Group had done everything right over that time period. The company was an…
Production in the Innovation Economy
MIT News
Not long ago, MIT political scientist Suzanne Berger was visiting a factory in western Massachusetts, a place that produces the plastic jugs you find in grocery stores. As she saw on the factory floor, the company has developed an innovative automation system that has increased its business:…
Defining Innovation—and Converting Words to Action
Knowledge at Wharton
Innovation is a tough word to define, but most would say they know it when they see it. At a recent Wharton Women in Business conference, participants were asked to discuss their personal definitions of the term and give a concrete example from their own experiences. Here is a look at what they…
The Gnomes of Innovation
Stewart Anderson
Few would argue with the proposition that a firm’s well-being depends upon its ability to innovate. Firms that lack the capacity to develop new and improved offerings which satisfy customer needs, together with improved means for realizing and providing those offerings, are not likely to remain…
Of Soup and Innovation
Akhilesh Gulati
Cooking is not my forte, but I try. I intended my latest concoction to be interesting, new, and easy. It was a soup, made with nontraditional ingredients, and it won rave reviews at a neighborhood potluck. No one could guess all the ingredients, so it won the “unique” dish award. When asked…
To-Do or Kanban? That Is the Question
Laurel Thoennes @ QD
“What makes a personal kanban any better than a to-do list?” asked Julie, crossing out a completed task on her “ta da!” list with exaggerated strokes. “With personal kanban you visualize your work, it becomes tangible, you get kinesthetic feedback, it’s flexible, contextual, and it promotes…

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