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The Incredible Adventures of Professor Branestawm, by Norman Hunter, illustrated by W. Heath Robinson. (Courtesy: Penguin Books, First Published 1933)

Broad Knowledge or Narrow Expertise: What Works Best for Innovation?

Idea posted: September 2015
  • Innovation & Entrepreneurship

Who is most likely to find the innovative breakthrough: an expert with a deep knowledge of the domain or a cross-functional team with broader knowledge and a variety of experience? New research shows that the cross-functional and diverse knowledge approach to innovation can be a double-edged sword: shattering the myopia of experts but not providing the expertise needed to generate novel ideas in the field.

Idea #548
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Ideas, Implementation and the Learning Organization

Idea posted: January 2014
  • Strategy
  • Innovation & Entrepreneurship
  • Learning & Behaviour

Employee deviation from official strategy can result in discoveries and innovations that increase profits. It’s not always to be actively encouraged, though. Employees who try to implement the ideas of management — and provide feedback on what works and what doesn’t — can better serve the interests of the organization in the long term.

Idea #314
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Don’t Just Follow the Crowdfunding Crowd

Idea posted: October 2013
  • Finance
  • Innovation & Entrepreneurship
Institutions: London Business School

Crowdfunding has been much talked about as an innovative way of funding entrepreneurial businesses, allowing them to source financial backing from a growing plethora of online platforms. But in reality crowdfunding may not be suitable for a particular business idea or sector – and some crowdfunding platforms may not be viable at all. As the research’s author, Gary Dushnitsky, puts it, “It’s great that crowdfunding is the solution, but to what question and, specifically, in what industry?”

Idea #236
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Mahatma Gandhi. Photo 1947 Margaret Bourke-White, LIFE Magazine (Source: Wikimedia)

Live and Learn: The Innovation Imperative

Idea posted: April 2013
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change

The success of innovative businesses can be attributed in part to the fact that, by innovating, they learn to face new challenges, which in turn improves their knowledge and skills. Extending their range of experience can lead them to outperform their competitors.

Idea #121
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