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Great Piece on how and why Google gets Corporate Innovation Right: Go Inside Google Brain (Greg Satell)

Apple fuses technology with design. IBM invests in research that is often a decade ahead of its time. Facebook “moves fast and maintains a stable infrastructure” (but apparently doesn’t break things anymore).

Each of these companies, in its own way, is a superior innovator. But what makes Google (now officially known as Alphabet) different is that it doesn’t rely on any one innovation strategy, but deploys a number of them to create an intricate — but powerful — innovation ecosystem that seems to roll out innovations by the dozens…

Source: Want to Do Corporate Innovation Right? Go Inside Google Brain

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A really great one on Innovation and what can be learned from China: Mindsets for Thinking about Innovation In – and Competition from – China (Connie Chan)

China has been in the headlines lately for the ongoing acceleration of its capital outflows and concerns over the reliability of its reported economic data. As various businesses and investors hastily adjust their forecasts and expectations, to me, this period of uncertainty represents an opportunity for U.S. companies: To take the time to learn, reflect, and consider what their China strategy should be. (I share specific strategies for how to approach a China strategy in part two of this post.)

But first, doing business with — or in — China requires understanding nuances that go beyond the stats and typical headlines. Until now, most entrepreneurs and commenters have been so focused on the obvious market size opportunity that they often forget the less obvious reason to study China: That there is much to learn from, not just about, Chinese companies. This includes everything from redefining how we think of innovation and how internet companies can monetize beyond advertising revenue to lessons on how startups can scale in a hyper-urban environment…

Source: Mindsets for Thinking about Innovation In — and Competition from — China – Andreessen Horowitz

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Very worthwhile Read on Innovation: You Need an Innovation Strategy (Gary P. Pisano, HBR)

Despite massive investments of management time and money, innovation remains a frustrating pursuit in many companies. Innovation initiatives frequently fail, and successful innovators have a hard time sustaining their performance—as Polaroid, Nokia, Sun Microsystems, Yahoo, Hewlett-Packard, and countless others have found. Why is it so hard to build and maintain the capacity to innovate? The reasons go much deeper than the commonly cited cause: a failure to execute. The problem with innovation improvement efforts is rooted in the lack of an innovation strategy.

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Source: You Need an Innovation Strategy

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Essential Reading: The Innovator’s DNA. Insights from 6-year study to uncover the Origins of creative/disruptive Business Strategies in particularly innovative Companies (HBR)

“How do I find innovative people for my organization? And how can I become more innovative myself?
These are questions that stump senior executives, who understand that the ability to innovate is the “secret sauce” of business success. Unfortunately, most of us know very little about what makes one person more creative than another. Perhaps for this reason, we stand in awe of visionary entrepreneurs like Apple’s Steve Jobs, Amazon’s Jeff Bezos, eBay’s Pierre Omidyar, and P&G’s A.G. Lafley. How do these people come up with groundbreaking new ideas? If it were possible to discover the inner workings of the masters’ minds, what could the rest of us learn about how innovation really happens?

Five “discovery skills” separate true innovators from the rest of us. Associate – Question – Observe – Experiment – Network.”

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Source: The Innovator’s DNA

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