In the creative economy, innovation is more important than ever. Innovation is the only insurance against irrelevance. It’s the only antidote to margin-crushing competition, the only hope for out-performing a dismal economy, and the only way to truly amaze your customers. Innovation—in operations, products, business models and ecosystems—isn’t merely a competitive advantage, it’s the competitive advantage.
When we launched the Harvard Business Review/McKinsey M-Prize for Management Innovation last year, our goal was to surface the world’s most amazing management practices, and to highly those individuals around the world who are reinventing “the technology of human accomplishment.”
The term “innovation” gets bandied about a lot these days. For organizations to truly benefit from their innovation initiatives, they first must understand what exactly it is—and what it is not. It has been my humble pleasure to work with a number of outstanding luminaries in judging the MIX’s most...
This Story portrays how an electricity distributor, located in the poorest region of Brazil, generate incremental innovations on a large scale, increasing the gain value and purpose of doing good for
With traditional policing practices challenged by a rising rate of criminal activity and tight budgets, the Memphis Police Department pioneered a way to focus our patrol resources more intelligently a