The Enterprise Innovation Revolution

Business Technology Trend & Impacts Advisory Service Executive Update, col.8, No. 5

The Enterprise Innovation Revolution: Part I
The 21st-century shift from an industrial to a knowledge-based economy envisioned by such thought leaders as Alvin and Heidi Toffler, Peter Drucker, and others is quickly materializing. The shift is clearly marked by the rising importance of the terms "innovation" and "innovation management" in many modern enterprises as well as the extension of the notion of innovation beyond the traditional area of invention. This is not to say that invention -- the result of traditional R&D processes -- is losing importance. On the contrary, in an economy of intangibles, there are not many things more valuable than the ownership of an intellectual asset such as a successful technical standard, a breakthrough technology, or a new drug formula. But the invention advantage is complemented by three other forms of innovative activities: value innovation, management innovation, and business model (strategic) innovation. These three categories form the pillars of business by using the capability to change as the competitive weapon -- a business innovation chain.

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The Enterprise Innovation Revolution: Part II
In Part I of this two-part series of Executive Updates (Vol. 8, No. 5), we presented the context and history around the enterprise innovation landscape, the goals and methodology of a recent Cutter Consortium survey on enterprise innovation, and the key findings of that survey, including the characteristics of innovation champions and innovation losers.

Here in Part II, we continue our examination of these two groups, taking a closer look at the enablers and inhibitors to successful innovation, as well as some industry perspectives on the topic.

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