Harvard Business Review Ideacast - Management Issues Discussed
In the August 31, 2006 Harvard Business Review Ideacast, listeners were treated to another useful podcast on dealing with innovation within the company, and secondly dealing with under-performing employees in a company. Essentially, the podcast addresses both sides of an important management aspect of running a business.
The podcast considered changes to the business model, whereby sources of innovation and change are no longer primarily being sought from internal sources. Rather, they are introduced into the corporate environment by external resources.
The host of the first portion is Jeff Kehoe who sat down with author Henry Chesborough to look at Chesborough's model for open innovation.
Chesborough initially made the point that invention is something that is new and untested, whereas innovation is essentially taking an idea into the marketplace and doing something with it. Once you are able to separate these two ideas, one can be inventive but not at all innovative. Furthermore, you can be innovative without being particularly inventive. Innovation is all about solving a problem once it is in the the market and it is not completed until a positive benefit has been achieved.
There were many more interesting aspects of this podcast so we highly recommend listening to it in its entirety.
All the best ,
Suzana and Ian.
