Putting the ovation in innovation

Abstract

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the papers in context. Findings Where does innovation come from? Most people’s image of innovation will involve a wild-haired boffin shouting “Eureka!” over sparking electricity, or perhaps a ridiculously young boy feverishly tapping away at a keyboard to create a billion dollar start-up. The reality, of course, is much more varied and rather more prosaic. Innovation is only 1 per cent a good idea, but 99 per cent failed experiments, failed pitches and failed dreams. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.