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Innovation is Key to Exporting Success for SMEs

Idea posted: May 2015
  • Innovation & Entrepreneurship
  • Operations

Innovative companies can find success in export markets, but is there a correlation in the other direction: Can exporting lead to greater innovation? A researcher in Australia, dissecting data from thousands of Australian SMEs, discovered some correlation between exporting and innovation, but concluded that it is wiser to focus on innovation first, before attempting to conquer export markets.

Idea #520
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What to Learn from Pirates

Idea posted: March 2013
  • Strategy
  • Innovation & Entrepreneurship

Pirate companies may be viewed by ‘legitimate’ business as cheaters and rogues, but research by Professor Jean-Philippe Vergne of the Richard Ivey School of Business in London, Ontario shows that pirates are often innovators who fill gaps or create new business models that better fit the current and future challenges of an industry.

Idea #114
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Steve Jobs, Steve Wozniak and the Apple 1 PC

Creating Innovative Business Models

Idea posted: January 2013
  • Innovation & Entrepreneurship
  • Operations

Choices organizations make about their business model often go unchallenged for a very long time. This is an underutilized source of future value. As an alternative or complement to product and process innovation - business model innovation can be where the greatest benefits lie. With that in mind, and before launching a new business model, managers should ask themselves the six key questions outlined in this Idea.

Idea #048
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Man with special talents

Lean Thinking – Increased Innovation

Idea posted: January 2013
  • Strategy
  • Innovation & Entrepreneurship
  • Operations

Being Lean should not impact an organization’s innovative environment. In fact, freeing up resources can actually increase innovation. Lean thinking should be instilled in a company through leaders; however, middle-managers can also apply simple strategies to simulate creativity at all levels of the organization.

Idea #019
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