ObamaCare Website: An Example of How Not to Manage Innovation

ObamaCareUnless you are completely disconnected from the world, you are undoubtedly aware of the issues associated with the rollout of the website for the Affordable Care Act, otherwise known as ObamaCare. My interest in this article is to explore how this “product introduction” illustrates many of the common pitfalls companies face in managing innovation. Continue reading

Looking Beyond Your “Four Walls”

Four WallsIs there any question that companies who are successful over the long term rely on new products to help drive revenue and earnings growth? Innovation is important to all companies, whether they manufacture a product, provide services, or both. In addition, a balanced portfolio of new product projects including lower risk incremental products, some products that might be new to the company from a technology standpoint but exist in the market, and a few higher-risk, new-to-the-world innovations is important (1). Continue reading