Innovation and Porter's Value Chain
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 Jeffrey Phillips reviewed the relationship between a number of tried and true strategic management models and innovation, to see if those models and concepts hold up under the increasing importance of innovation. A little while back he reviewed Porter's Five Forces model and concluded that while Porter didn't explicitly call out innovation, it was clear that the Five Forces model embraced innovation. Now, we'll look quickly at another Porter model - the Value Chain Analysis - and investigate how it holds up innovation.
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The Network is the Innovator
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 In a 2005 essay written by Phillip Evans and Bob Wolf of the Boston Consulting Group titled Collaboration Rules, the authors highlight (among other things) the power that the network effect has on innovation. The premise of the essay is that when companies operate with open-source traits - similar to the workings of the Linux community - their responsiveness to challenges goes up which fuels better innovative solutions. The transaction costs associated with their collaboration is small due to the unique way they collaborate as efficiently, frictionlessly and creatively as the self-styled Linux "hackers." |
| Top Tweets from @innovate on Twitter |
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Please Help Ignite the Innovation Bonfire
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 Every successful organization began as a nimble, innovative startup with the ability to course-correct and quickly adapt to the needs of its customers. But along the way, success and growth cause changes in the structure, the culture, and sometimes even the vision of organizations. Successful, growing organizations often focus on driving out the operational inefficiencies they maintained during their startup phase, and unintentionally erect barriers to innovation along the way.
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