mitakala's blog

BW - The most innovative companies 2007

The Business Week in collaboration with Boston Consulting Company has announced results for the 50 most innovative companies. "In a climate when innovation efforts and research and development budgets are likely to see more scrutiny than ever, our 2008 list of the World's Most Innovative Companies adds three financial measures to the mix to determine the rankings."

And the TOP 10 are
1 Apple
2 Google
3 Toyota Motor
4 General Motors
5 Microsoft
6 Tata Group
7 Nintendo
8 Procter & Gamble
9 Sony
10 Nokia

Submitted by mitakala on Fri, 2008-04-18 21:20.

Testing out blogging to Rendez-site by Flock Social media browser

Since one part of the Rendez -projet has been trying out new social media, here is yet an other experiment.  I have started using Flock as my private browser, since it provides an excellent access to  social media sites: Facebook, Flickr, and YouTube as well as good service with blogs with RSS feeds.

Now I'm trying to use Flock for posting a blog message to Rendez.

With my favorite picture of wiki collaboration. Sometimes innovation relates to ways of working, and working with David Ing, he has introduced me some very interesting and practical web.2.0 technologies, before I even knew what they were called.

This picture appeared twice to me during the last week.  First I saw it Anthony Williams (New Paradigm) presentation at Nokia House, them is IBM's Social Media evangelist Luis Suarez's elsua-blog, who trying to get rid of his work related e-mails by using other social computing media. Blogged with the Flock Browser

Submitted by mitakala on Wed, 2008-04-09 18:19.

Business Week's Innovation Index

Business Week has launched a Global Innovation Index, which is made up of 25 of the most innovative public companies around the globe, based on The Most Innovative Companies rankings, an annual survey prepared by BusinessWeek in partnership with Boston Consulting Group. The Innovation Index is calculated at the end of each trading day, and the results are posted online the next morning.
Last year results of the Most Innovative Companies rankings were published in May. Interesting too see, how the list has evolved.

Submitted by mitakala on Tue, 2008-04-08 19:32.

Cisco's I-Prize

Cisco has an interesting innovation competition on-going - I-Price.
Cisco's CEO is inviting  all interested people to participate their innovation competition.
The winning team has an opportunity to be hired by Cisco, and get funding for their new business idea.
Cisco will be investing ~ $ 10 over three years to develop, staff and go to market with the selected idea.
There were over 1 000 ideas suggested in the first stage.
Cisco's innovation blog keeps people posted how competition proceeds.
Good example of crowdsourcing.

Submitted by mitakala on Mon, 2008-03-31 20:14.

The TOP 50 of innovative companies by Fast Company

The March 2008 issue of Fast Company published their list of the most innovative companies.
Among the TOP 10 were

  1. Google
  2. Apple
  3. Facebook
  4. GE
  5. IDEO
  6. Nike
  7. Nokia
  8. Alibaba
  9. Amazon
  10. Nintendo

It will be interetsting to see shortly how the next Business Week innovation list for the year 2007 will look like.
- Minna

Submitted by mitakala on Thu, 2008-03-13 08:26.

The Most Innovative Companies 2006 - Business WeeK & Boston Consulting Group

In the beginning of May  Business Week and Boston Consulting Group
have ranked  again the most innovative companies.

The top three were  Apple, Google and Toyota.  Business Week has
a special report  related to innovation, and
the survey is available  from the Boston Consulting Groups innovation pages.

Submitted by mitakala on Mon, 2007-05-21 18:50.

Innovation measurement development in US

US government is currently focusing on innovation measurement development in their initiative
"Measuring Innovation in the 21st Century Economy"

There was an open call for comments to individuals, academics, business and government.
All comments are available on the website. There are very interesting comments related to changing definitions of innovation and the effect to innovation measurement.

Submitted by mitakala on Mon, 2007-05-21 18:39.

Open approaches to idea collection - Dell's Ideastrom and IBM's World Jam

 Interesting activities emerging related to idea collection and open innovation:Dell launched a public idea aggregator website in February 2007. Their site seems to work well and they are receiving many ideas from the customers. You can also see how ideas are preceeding, through screening to development. More information from here and Dell's approach is open for 24-7, for all ideas andfor anyone. The IBM World Jam is also used for idea collection. IBM's Jams are typically collaborative events, that run over a certain period of time, for selected audiences and searching ideas in specific areas.   - Minna

Submitted by mitakala on Tue, 2007-02-27 09:40.

European Innovation Scoreboard - EIS

European Union publishes The European Innovation Scoreboard related to innovation trend at national level. The next results will be published on February 15th, 2007. In their website there is also an interesting paper related to measurement of innovation in service sector.  Yours,Minna 

Submitted by mitakala on Mon, 2007-02-05 12:20.

Business Week special issues on Innovation

Since June 2006 Business Week has been publishing special issues on innovation on quarterly basis (June, September, December...) . There are recent examples, development trends and good discussions related to innovation management and measures for innovation at their web site. Please visit . The results of the innovation survey related to the most innovative companies conducted by Boston Consulting Group Innovation Institute is expected to be published in March 2007.Minna

Submitted by mitakala on Mon, 2007-02-05 12:15.

Innovation Awards

There are several institutions awarding rewards for innovation. Previous week Economist announced year 2006 Innovation awards:

Economist Innovation Awards 2006

  • Bioscience: Marvin Caruthers, professor of chemistry and biochemistry at the University of Colorado at Boulder, for the development of automated DNA synthesis—in essence, the ability to “print out” arbitrary strands of genetic material.
  • Computing and communications: Janus Friis and Niklas Zennström of Skype, for the development of internet file-sharing and telephony using peer-to-peer technology.
  • Energy and the environment: Johannes Poulsen, former chief executive, Vestas Wind Systems, for the commercialisation of wind energy.
  • Social and economic innovation: Hernando de Soto, founder and president of the Institute for Liberty and Democracy, for the promotion of property rights and economic development.
  • Business-process innovation: Sam Pitroda, chief executive of WorldTel, for pioneering India’s communications revolution.
  • Consumer products: Nicolas Hayek, chairman of Swatch, for revitalising the Swiss watch industry.
  • "no boundaries": Pierre Omidyar, founder and chairman of eBay, for the development of electronic marketplace technology and his promotion of access to markets as a tool for social change.

For more info see:

- Minna

Submitted by mitakala on Mon, 2006-11-20 10:00.

Innovation Classical Traps - HBR article Nov 2006 by Rosabeth Moss Kanter

In the November 2006 cover story of Harvard Business Review Rosabeth Moss Kanter addresses challenges for innovation management. She introduces classical innovation traps to be avoided. She introduces "Innovation Lessons" related to startegy, processes, structure and skills.

In Strategy Lessons she reminds that small or incremental innovations can lead to big profits. And that innovations occur also in marketing, production, finance and distribution, not only in new product development. Application of “innovation pyramid” – selected portfolio for innovation initiatives, where– ideas and influence can flow up and down the pyramid, can be helpful.

In Process Lessons she states that tight controls strangle innovation. The planning, budgeting and reviews applied to exiting businesses will squeezed the life out of an innovation effort. Also emergent and flexible rewarding practices are required to enhance innovation.

In Structure Lessons she emphasizes importance of interpersonal connections between innovation efforts and current business activities. New combinations for innovations – cross channel, cross unit etc. is needed. Creating innovation friendly culture for all employees (not only ivory tower “innovators”), and stakeholders enhances possibilities for open innovation.

In Skill Lessons great relationship and communication skills are brought up to support technological innovations. Sustainable innovation teams and innovation connectors – people who know how to find partners internally and externally are important and this can be upported by organizational culture that encourages collaboration.

Source: Rosabeth Moss Kanter (2006) Innovation: Classic Traps, HBR, Nov 2006.

Submitted by mitakala on Fri, 2006-11-10 07:14.