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About this Author
Gwen Smith Ishmael, Sr. Vice President of Insights and Innovation at Decision Analyst in Arlington, TX, has led marketing and new product development activities in the CPG and technology industries since 1986. She also conceived and developed ground-breaking Web-based promotional vehicles, two of which are patent pending. Gwen holds an MBA in Marketing and is a featured speaker on insights and innovation around the world. Her writings have been featured in international text books, most recently in Managing 4 Ps of Marketing FMCG Sector, and Product Innovation: A Strategic Tool for Growth, by ICFAI Publications, 2006 and 2007, respectively.

Founding Author

Renee Hopkins Callahan Renee Hopkins Callahan started IdeaFlow and serves as chief blog-wrangler. She is Director of Innovation Services at Decision Analyst in Arlington, Texas, is a former journalist who worked as an editor and reporter for The Dallas Morning News and the Nashville Tennessean, and was managing editor of D, the Dallas city magazine. She has a master's degree in rhetoric and has also taught college-level English and informal logic.
In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

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March 26, 2003

Innovation: 'The Little Engine That Could' Pushes Up The Slow-Economy Hill

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Posted by Renee Hopkins Callahan

I mentioned recently that Gartner last week released study results that indicated CIOs are feeling “pressure to accelerate innovation” and that bringing fresh ideas to market is now the third-biggest issue on the CIO’s agenda, up from fifth-biggest last year (no surprise, cost pressures are at the top of the agenda).


I dug around for awhile today on Gartner’s site looking for a way to access the full study results for free (no luck!), but I found something else that was actually a little more interesting: A January 2002 article, Innovation: Management Process of Unmanageable Events?, made this prediction (emphasis mine): “Though early in its Hype Cycle, active management of innovation will become a required competency for all enterprises during the 2002 to 2007 planning horizon.”


Hmmm. Then I got an email from Harvard Business Online telling me that they were launching a new Strategy & Innovation Newsletter (you have to scroll down a little on the page for the blurb on it). This newsletter will cover “how to build an ‘innovation engine’ in your organization, how the structures through which you fund innovation affect your chances of success, and how to best place your innovation bets.”


People familiar with HBS publications probably know that when you get one of these newsletters, it’s really just some enticingly written summaries of articles, CD-ROMS, and books, and links to the opportunity to buy them for anywhere from $3 to $125 a pop.


Not that this diminishes the value of Harvard’s offering. Just reading the summaries offers great insight into what the American business establishment thinks about innovation. And as I said earlier, innovation appears at the moment to be at or near the top of a lot of corporate to-do lists.


I just received the premier issue of the Strategy & Innovation Newsletter yet another HBOnline innovation-related pub, the Innovation & Entreneurship alert newsletter, and I’ve already bought one article and one book mentioned there (tip: most of the books are also available for less on Amazon). So sometime in the next few weeks I’ll be reporting on Open Innovation: The New Imperative for Creating and Profiting From Technology by Henry Chesbrough, which was just published March 1. Chesbrough’s thesis: “The traditional model for innovation--which has been largely internally focused, closed off from outside ideas and technologies--is becoming obsolete. Emerging in its place is a new paradigm, 'open innovation,' which strategically leverages internal and external sources of ideas and takes them to market through multiple paths.”


In other words, companies have to feed new fuel into the little innovation engine that could--on which they're depending to get their businesses up the hill.

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