Innovation risk management as a gambling game

“Fail often, but fail fast and cheap” is a well known mantra, often repeated by innovation gurus. However this piece of wisdom is not so easily understood by enthusiastic would-be inventors and innovators. This text attempts to illustrate this somewhat puzzling recommendation and demonstrate by a priori reasons how true, challenging and beneficial it is to fail fast and cheap. 1- Failure as most likely fate for innovation Innovation starts with an original idea, an invention. This idea is new; it sounds great but, as nobody has materialized this idea before, trying to go on with it and generating value implies opening a trail within unexplored territory. Indeed the idea will have to blossom in a context dominated by knowledge

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Innovation: integrate the best state of knowledge in the world – Marc Giget

Integrate the best state of knowledge in the world To innovate is to integrate the best state of knowledge into creative products and services with the aim of improving life in society and for individuals. These three components: the knowledge, the creation and the improvement of life constitute the fundamental elements of all innovation procedures. They are, depending on the players and the periods, favored as the initiating factor.  Albert Meige and Jacques P.M. Schmitt let us run through these different approaches and sensibilities in respect of innovation procedures: technical push and innovations originating from knowledge as the prime factor, valorization of the vision of the creator, designer, entrepreneur, human- centric innovations originating from expectations, dreams and wishes of individuals.

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Challenges in Innovation: Oil & Gas Case Study

Article originally published in Pétrole & Gaz Informations #1837 (July / August 2015) We’ve conducted interviews with several tens of innovation managers, from R&D, strategy, and marketing of big corporations for our recent book Innovation Intelligence. The verdict is clear: innovation requires creating a cognitive relation between a multitude of very distant knowledge domains at an ever increasing pace. In the digital era, access to the best state of knowledge and the best talents has never been easier. When searching for the proverbial needle in the haystack, the speed of the search is increasing, as well as the number and size of the haystacks. Intelligence is critical. Large corporate Oil & Gas players are organizing their response. Three trends destabilizing

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Is Uberization the Future of Intelligence?

[The French Version of this article was published in Harvard Business Review France] A grinning Jean Botti, CTO at Airbus Group, entrusted us with one of his dreams: A smartphone app that would produce a synthetical and analytical overview of the knowledge possessed by the best experts in a given domain ; the sum of all knowledge components inside a brain. Is it possible to imagine monetizing immaterial assets such as knowledge, expertise or know-how, as is already the case with Uber and Airbnb, who make a network available and then monetize underused physical assets? Are we on the cusp of the Uberization of intelligence? We’ve conducted interviews with several tens of innovation managers, from R&D, strategy, marketing of big corporations for

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Presans @ X Open Innovation | flight data

XOI is a Polytechnique alumni think tank focused on open innovation in all its hues and shapes, founded by Tru Dô-Khac, and currently presided by Céline Conrardy. A dozen-strong section of its members participated this week in a meeting located in the halls of the old École Polytechnique, to discuss the lastest book co-written by Albert Meige and Jacques Schmitt: Innovation Intelligence. After the presentations, Albert Meige launched into the Parrot-built AR.Drone case, the story of how the leading company in hands-free headsets catapulted itself to the forefront of the leisure drones industry, with plans to expand into new drone-positive areas. A seminal case of pwnage that on a meta-level operates itself as a recon drone, scouting out the new

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The “Meetic of Research” | PRESANS invited by the French Ministry of Research

Today the team of PRESANS was invited to participate to the press conference organized by the French Ministry of Research about the new service that they are launching early 2010: a website to facilitate collaboration between academia and industry. This sounds like a new competitor of PRESANS… well, not quite as it seems that they also would like to partner with us. Valérie Pécresse Speech We give below a few points that Valérie Pécresse, our minister of Research has risen during the course of the conference. Actions to accelerate innovation To accelerate innovation, the parallel existence of the two distinct worlds (public and private research) has to end. The country (France) has to join the new trend of Open Innovation.

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