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The Key to Successful Innovation Is Proper Implementation

The very purpose of innovation is to change things up, to move processes forward, and to disrupt the status quo. However, “innovation for the sake of innovation” is a misuse of a very powerful and beneficial tool.

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Public Utility Company Exelon Shows Other Sectors and Firms How to Be Innovative

Businesswoman standing looking at marketing flowchart in desert setting

Exelon is a Chicago-based public utility—a traditional, conservative firm. But by some of the moves taking place lately under CEO Christopher Crane—including a new “intrapreneurship” initiative and a flirtation with entrepreneurs known as “Dancing with the Startups”—Exelon seems to be charting a course of reinvention that is unusual for such an old-line concern. And chiefs in other traditional verticals might want to take notice.

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Looking for Innovation? Focus on Your Existing Business First

The "corporate unicorn" of creative disruption has an allure, and there are certainly times when radical change is required. But while dramatic stories of disruption make great headlines, for far more organizations, innovation focused on achieving significant improvement in existing lines of business is a surer—and more profitable—bet for driving actual results.

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4 Ways to Win the Innovation War

As companies battle it out in today’s hypercompetitive markets, where traditional forms of differentiation are now just commodities, the primary competitive weapon has become an organization’s capacity for radical and continuous innovation. CEOs wishing to lead from the front will need to understand how to dramatically improve this capacity to give their companies a strategic advantage in the new global innovation war.

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