History shows that the boundaries of innovation are constantly changing. It also suggests that those organisations that are able to successfully monitor, acknowledge and react to such changes, are more likely to survive and prosper in the long-term.
The innovation cohort at the Advanced Institute of Management Research, in a series of wide ranging research projects, examined how these innovation boundaries — geographical, technological, and organisational — are changing and the implications of those changes for both practitioners and policymakers.
Companies need to manage the challenge of technology and the new forms of collaboration it offers, in order to reap the most benefit. Crossing technological boundaries, embracing collaboration, promoting user communities, demonstrating the value of new technology, and driving factors behind the change are key to creating a new organisation, where open innovation prevails, the paper argues.
Adapted from “At the Edge of Innovation: Why shifts in the boundaries of innovation matter”, Advanced Institute of Management Research, Imperial School of Business, London