The Perfect Storm is Now a Hurricane
Navigating Innovation?
Innovation is a top strategic priority for firms across all industries. And now we are in the midst of a new era with Generative AI, the advancement of digital technologies, and the development of a collaborative culture that has created the conditions for new approaches to innovation. In the revised and expanded edition of The Innovation Navigator, Tucker J. Marion and Sebastian K. Fixson explore four innovation archetypes or modes – "specialist," "venture," "community" and "network," which feature prominently in the expanding innovation landscape. Specialists employ technologies to achieve entirely new solutions and superior product performance. New corporate ventures lower the barriers for employees to self-select into entrepreneurial projects, while reducing the constraints of bureaucracy. The community brings new sources of knowledge by expanding past the firm's boundaries, dramatically increasing the number of participants. The network creates partnerships and ecosystems that create innovations that could not be developed by individual companies alone.
The Innovation Navigator guides the reader in exploring and exploiting these different modes of innovation. Individual chapters provide key insights into the inherent opportunities and challenges of the modes from an number of vantage points, from the impact on organizational resources to the role of incentives. The book also provides a framework for how firms can leverage dynamic mode shifts and multimode strategies. Firms across the industrial spectrum are profiled, from new additive manufacturing companies such as Formlabs, community-based solution providers like Yet2, to traditional firms exploring new modes like General Motors and Amazon. The Innovation Navigator will also assist executives in building the capabilities for peak performance in this new, AI-turbocharged innovation landscape.