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inKNOWvations Newsletter

Welcome to inKNOWvations. This monthly e-newsletter provides you with the latest information on business trends, benchmark data, events, and other resources to help you improve your organization's return on its investments in product innovation.

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Featured Articles

Guided Ideation: A Management Approach to Creativity-Based Performance (Part 1 of 3)

Anders Hemre

In this three part series, inKNOWvations guest author Anders Hemre discusses the benefits and management approach of guided ideation.

Co-inventor of cubism, Pablo Picasso, once described his way of working as “I start with an idea and then it turns into something else.” This is a good description of the creative process and not only as it relates to art. On a high level it also applies to new product and service innovation in business enterprises, pointing as it does to the need for inspiration, search and exploration.

The importance of creativity and new ideas in business is of course widely recognized. Today ideation has established itself as a front end extension to the well known Stage-Gate process for product innovation. Ideation here loosely refers to the acquisition, creation and evolution of ideas in organizations. Following this notion, idea management would then be the process and associated discipline of facilitating ideation from a management perspective. Even though the process concept can be applied to ideation, it must be recognized that innovation also involves serendipitous discovery as well as significant human cognitive and social activity. To emphasize the thus somewhat less traditional management approach required, it may be more appropriate - at least in some respects - to refer to idea management as guided ideation.

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Inspire and Innovate - Bright Ideas for Dark Days

Patrick Dye

In tough times, it's the brightest ideas that get noticed. And for those who can adapt quickest, recession offers a chance to steal a march on the competition.

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Recession is a Chance to Increase R&D Expenditure

Michael Tubbs

Sir, Lex's article on UK dividends [http://tinyurl.com/6fl38a] says that "companies with big capital expenditure or research and development projects could elect to trim back, especially if the market is declining to reward them for the future growth from these investments."

Any companies considering this course of action should be aware of the many excellent companies that chose to take precisely the opposite approach at the start of previous downturns and recessions. These companies increased R&D as sales decreased to enhance their range of products and services compared with those of competitors and hence strengthen their position in the upturn that followed.

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