Keeping up a constant flow of ideas at BASF

Recently I spoke with Dr Thomas Weber, Managing Director of BASF’s Future Business, about what it takes for a large company to maintain a constant flow of innovation ideas and a spirit of enthusiasm to feed the pipeline. BASF Future Business (www.basf-fb.com) opens up new areas of business for BASF, the chemical industry’s leading player. It is geared to exploration …

Which software to choose for Open Innovation

This article discusses which software is best suited to different Open Innovation (OI) approaches. The subject is particularly interesting since, on the one hand there are more and more companies that embrace OI, and on the other, there are a lot of software solutions on the market that have proven productive. The article first looks at the different OI approaches …

Most important metrics for measuring innovation

BCG interviewed 2,700 global executives on their view on innovation management. Roughly half of them are satisfied with the innovative performance and only one third with the way innovation is measured. The most important metrics are: Revenue from new products Performance (projected vs actual) Allocation of investments across projects Number of projects that meet planned dates . [slideshare id=5016761&doc=measuringinnovation-100820012259-phpapp02]

The failure of Google wave – and the lessons

Harvard Business Review recently analyzed why Google  decided to shut down Wave just a year after its launch. In the view of HBR, the main reason was that Google was not able to figure out before hand if there would be a market for Wave. In this article, Google recived credits for having measurable criteria for killing projects. In my …