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A king (Louis XVI), a clerk and a blade (a guillotine): Nostradamus predicts the French revolution. Illustration in Vaticinia Nostradami,1629.

4 Nextsensing Skills to See What the Future Holds

Idea posted: September 2016
  • Innovation & Entrepreneurship
  • Leadership & Change
Institutions: IE Business School

Asking, “What’s Next?” has always led humans throughout history to create a better future. But answering, “What’s Next?” is not an easy task in today’s ambiguous and complex world. Four ‘nextsensing’ leadership skills are required to lead in the 21st century. 

Idea #624
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Composition VI, Wassily Kandinsky, 1913 (Courtesy: The State Hemitage Museum, St Petersburg)

A Symphony of Agency and Stewardship Values Ensures Family Business Success

Idea posted: May 2015
  • Strategy
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change

Agency theory describes a contractual relationship between managers and shareholders who have divergent interests. Stewardship theory describes a collaborative relationship between managers and shareholders toward shared goals. Which works best for family businesses? New research reveals that a combination of the two, changing as the business moves through its lifecycle, offers the best recipe for success. 

Idea #518
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Rainbow people

An Holistic Understanding of Management

Idea posted: January 2013
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
Institutions: IESE Business School

Organizations should rethink management development, taking into account that the challenges faced by managers, during a time of social and economic crisis, can be better overcome by an integrative, holistic and humanistic approach to management. 

Idea #053
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Angels, Entrepreneurs and the Dark Side of Trust

Idea posted: November 2013
  • Innovation & Entrepreneurship
  • Learning & Behaviour

Trust is often seen as the key to successful partnerships with angel investors, many of whom provide ‘hand-holding’ services as well as capital for entrepreneurs. But recently published research suggests it can threaten the long-term prospects of a business. Entrepreneurs are, it seems, sometimes so keen to preserve high levels of trust in their relationships with ‘angels’ that they avoid experimentation — and fail to take the kinds of decisions that secure re-investment.

Idea #258
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Photo by rawpixels on Pexels

B2B Companies Far Behind on Social Media Strategies

Idea posted: August 2019
  • Strategy
  • Innovation & Entrepreneurship
  • Marketing

While for B2C companies, using social media to acquire and exchange knowledge with customers and internally is all the rage, new research reveals that many B2B companies fail to see the potential of social media – and even when some managers see the potential, the company fails to provide support for social media initiatives.

Idea #747
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Balancing Incentives, Risk and Tolerance of Failure for Collaborative Innovation

Idea posted: July 2014
  • Strategy
  • Innovation & Entrepreneurship

Financial incentives for managers of innovative projects, a firm’s tolerance for failure, and the number of managers involved in the projects all influence resource allocation (and chances for success) for those projects. 

Idea #418
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Better Error Management Can Foster Innovation and Learning

Idea posted: August 2015
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
  • Operations

Not only can people learn from errors, but errors are an important part of the innovation process. However errors can have significant costs and the fear of the negative aspects of error can lead to an exclusive focus on prevention policies. Recent research emphasises the need for companies to embed within their culture ways to reduce the negative consequences of errors and enhance the positive through effective error management.

Idea #545
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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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Tada' the Chinese poles, 2004 (Source: Wikimedia Commons)

Build Ambidextrous Teams to Combine Present and Future Objectives

Idea posted: July 2016
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour

Many companies separate short-term activities focused on the present (e.g. customer service, marketing) from long-term activities focused on the future (e.g. new product development). A new study, however, reveals the power of ‘ambidextrous’ teams, where cohesion overcomes the challenge of pursuing both present and future objectives.

Idea #613
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Building Knowledge Sharing Networks in Organizations

Idea posted: February 2013
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
Institutions: IESE Business School

When it comes to innovation, what works better: formal organizational structures or informal network ties between employees? According to this Idea, which stresses the strength of social ties as having important implications for knowledge sharing, it is the latter. Organizations can improve their knowledge sharing by following a few core strategies. Ultimately, this may also facilitate better conditions for innovation as well, invaluable in today’s competitive business environment.

Idea #089
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Interior, Wolf Kibel, 1930-35 (Courtesy: Iziko South African National Gallery, Cape Town)

Business Templates that Succeed in 'Bottom of the Pyramid' Environments

Idea posted: June 2017
  • Innovation & Entrepreneurship
  • Operations

A new company first succeeds by creating a template for doing business — a working system of organizational routines and practices. It then scales its business by replicating that template. In bottom of the pyramid environments, however, the development and replication of templates can be hindered by the extreme conditions in which organizations must operate.

Idea #659
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CFO Survey: Most Hit by Hackers Otherwise Optimistic

Idea posted: July 2015
  • Strategy
  • Finance
  • Innovation & Entrepreneurship
  • Operations

New research from Duke University’s Fuqua School of Business global survey of CFOs reveals that 80% of companies have been hacked. Small and medium-sized businesses have been the hardest hit. Other results from the CFO survey include expectations of wage hikes and the impact of the strong U.S. dollar on U.S. exports.

Idea #534
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John Barrymore as Svengali and Marian Marsh as Trilby, a poster for ‘Svengali’, 1931, produced and distributed by Warner Brothers

Choosing a Venture Capitalist: The Ethical Dimension

Idea posted: February 2014
  • Strategy
  • CSR & Governance
  • Innovation & Entrepreneurship

New and young businesses often depend on equity finance from venture capitalists. This does not, however, mean that they’re indiscriminate in their choice of venture capitalist fund. Recent research suggests that, in certain circumstances at least, entrepreneurs will spurn offers from equity investors who have a poor reputation for ethical behaviour.

Idea #332
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Image by Gerd Altmann from Pixabay

Choosing the best Corporate Venturing Projects

Idea posted: January 2020
  • Strategy
  • Innovation & Entrepreneurship
Institutions: IESE Business School

A research study based on more than 120 interviews with chief innovation officers on three continents reveal some of the strategies that increase speed and reduce costs of corporate venturing projects.

Idea #762
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Paris Diving Exhibition January 12, 2015

Choosing the Right Innovation Partners

Idea posted: November 2016
  • Innovation & Entrepreneurship

New research describes how the most effective collaborative behaviour (i.e. the type of technology partner firms you decide to pursue) can depend on whether your industry emphasizes R&D and innovation — or whether it is more technologically stable. 

Idea #629
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411_World War 2 poster. Wireless operators (Courtesy: BT Archives)

CIOs: Coach and Communicate with C-suite for Digital Innovation

Idea posted: January 2016
  • Strategy
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change

European companies are losing innovation opportunities because C-suite executives fail to respond to information technology and digital-related proposals of the CIO and the information technology function of the company, according to a new survey of European companies in three countries. The problem: lack of communication between IT and non-IT leaders.

Idea #573
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John Evelyn discovers sculptor Grinling Gibbons (1648 - 1721). Gibbons became Master Carver in Wood to the Court of King Charles II

Co-creating with Customers: More Pros than Cons?

Idea posted: March 2014
  • Strategy
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Marketing

Involving customers in the design and delivery of products and services can be a cost-effective way to meet the demand for constant innovation and improved ‘customer experience’. It has, however, the power to destroy as well as create value. Much depends on the human and technological interfaces between customers and the company.

Idea #344
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Communicating Multiple Roles through Social Media

Idea posted: January 2013
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
  • Marketing

Communications executives are surely the experts on using social media to create value in large organizations. This Idea shares the results of a large survey on social media use in the communication profession, specifically looking at the increasingly common practice of executives using multiple social media profiles or personas to achieve diverse goals.

Idea #070
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Communication and the Science of Great Team Building

Idea posted: January 2013
  • Innovation & Entrepreneurship
  • Leadership & Change

There is an ineffable buzz about a good team at work. You can just sense it. Understandings between team members seem effortless, sometimes almost telepathic. The attainment of this serene team cohesion is often discussed in terms of ‘art’ rather than something we can look at through the prism of science. But what if that buzz were something that could actually be taught to a team? This Idea shows just how it can.

Idea #050
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Constraints Aren’t So Bad When It Comes to Innovation

Idea posted: April 2020
  • Innovation & Entrepreneurship
  • Learning & Behaviour

Within limits, constraints on innovation have a surprising effect: they increase the likelihood of success. This positive impact disappears when constraints are excessive.

Idea #769
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Some Have Entertained Angels Unawares, Edward Clifford (1844-1907) (Source: Wikimedia)

Creating Harmony: Harnessing Stakeholders to Boost Innovation

Idea posted: April 2013
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change
Institutions: Henley Business School

Collaborative innovation and co-creation between stakeholders can deliver value for businesses.

Collaborative innovation can be defined as: “Working with others, sharing knowledge and learning, and building consensus to invent something new or create a new way of doing something, with a view to realizing shared goals.”

Benefits include more – and better – ideas, reduced risk, increased quality and speed to market, reduced costs, new skills and resources, an enhanced brand, and the ability to create value for the common good.

Idea #122
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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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The Closed Bank, Edoardo Matania, 1870s (Courtesy: Dorotheum www.dorotheum.com)

Crowdfunding Still Attracts Local Investors to Local Ventures

Idea posted: April 2016
  • Finance
  • Innovation & Entrepreneurship

Entrepreneurs seeking funding through crowdfunding Internet platforms must still overcome the ‘home bias’ of investors — that is, their preference for funding projects located close to their homes.  

Idea #593
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The Hare and the Tortoise, Jean Grandville (1803-1847) from the 1855 edition of La Fontaine's Fables (Source: Wikipedia Commons)

Crowdfunding: How a Slow Process Helps in the Long Run

Idea posted: November 2013
  • Finance
  • Innovation & Entrepreneurship

The open process of crowdfunding has some unexpected marketing and funding implications. For example, getting money for your venture faster undermines the marketing potential of crowdfunding. And, for donors at least, a sudden influx of money can lead subsequent donors to look for opportunities elsewhere.

Idea #255
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Dance at Le Moulin de la Galette, Auguste Renoir, 1876, Musée d'Orsay, Paris

Crowdsourcing New Product Ideas Over Time

Idea posted: January 2014
  • Strategy
  • Innovation & Entrepreneurship

Is your organization thinking of using online crowdsourcing applications to collect ideas for new products and services? If yes, it is not the only one; a number of large companies have been turning to crowdsourcing in recent years, including the technology corporation Dell. Read on to find out what an analysis of their application can tell you about how to use crowdsourcing in your own organization.

Idea #296
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Culture Club: Coaching by Values for Corporate Success

Idea posted: March 2013
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
Institutions: ESADE

How can leaders create the right corporate culture to confront the myriad levels of complexity in today’s turbulent business environment?

The emerging concept of ‘coaching by values’ (CBV) provides a flexible framework to help them reengineer their organization’s corporate culture and create positive outcomes for all stakeholders.

Idea #106
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The Conjurer, Hieronymus Bosch, c.1475, Musée Municipal, St. Germain-en-Laye (Source: Wikimedia)

Custom-made: Customer Funding for Business Growth

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

Venture capital (VC) is the default route to gaining funding for a growing business. But there are other ways to unlock money, indeed, some of the largest and most successful companies never raise any venture capital. Change your approach to growth by focusing on your customers, not investors, as your means to the end.

Idea #110
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Jimmy Wales in Duisburg, Germany. Champagne reception (Source: Wikimedia Commons)

Designing Experiential Services So Customers Remember the Best Parts

Idea posted: September 2015
  • Innovation & Entrepreneurship
  • Learning & Behaviour
  • Marketing

Customers tend to remember the end of an experience (for example, the last days of a vacation) and also tend to become used to a level of experience (for example, the view from their hotel room). Keeping these two psychological tendencies in mind, companies can structure a customer service encounter that leaves satisfied customers with memories of a great experience — and have them coming back for more.

Idea #551
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Image from Defense Advanced Research Projects Agency (Source: Wikimedia Commons)

Developing Talent to Manage Big Data

Idea posted: July 2013
  • Strategy
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Learning & Behaviour

The sudden and prominent appearance of big data in the business world means many organizations need to start thinking about investing in new staff specifically trained in big data analysis. How can HR executives stay ahead and ensure they find and retain the right people for this important role? 

Idea #176
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Alistair Sim as Scrooge, A Christmas Carol, 1951, United Artists

Don't Let CFOs and Accountants Slow Innovation

Idea posted: April 2013
  • Finance
  • Innovation & Entrepreneurship
  • Leadership & Change
Institutions: INSEAD

What can you do when penny pinchers get in the way of your disruptive ideas – ideas that may bring the critical changes your company needs? Firms with a greater degree of accounting conservatism are less innovative because of an obligatory accounting practice of immediately provisioning for future losses. How can you get the breathing space necessary away from the demands of shareholders and the market to innovate and bring about change?

Idea #117
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