Riding the innovation wave : learning to create value from ideas / John Bessant.

Format:

Book

Author/Creator:

Bessant, J. R., author.

Language:

English

Subjects (All):

Success in business.

Creative ability in business.

Strategic planning.

Organizational change.

Physical Description:

1 online resource (282 pages)

Edition:

1st ed.

Place of Publication:

Bingley, England : Emerald Publishing, 2018.

Summary:

Innovation matters - being able to create value from ideas is crucial to survival and growth. But while any organization might get lucky once being able to repeat the trick requires learning and developing particular ways of working which enable the process. Over a hundred years of research and practical experience now provides a knowledge base from which we can draw to help develop such approaches. But how do we move from prescription to implementation? And how does the innovation challenge play out over the lifetime of an organization? How does it renew its capability to innovate and do so against a background of dramatically changing markets, technologies and social trends? This book draws on a detailed history of a large German company (HELLA ), now active in over 35 countries, employing 34,000 people. It didn't start out that way, it began as an entrepreneurial start-up in the late 19th century in the (then) uncertain early days of the car industry. It moved from selling whips and other buggy accessories for horse-drawn carriages to horns and lamps for the new-fangled motor cars beginning to appear on the roads of north-western Germany. The journey since then has been one of innovation - in products and processes, in entering new markets, in adding services to its products, and in changing its underlying business models. Survival for over a hundred years is not an accident - it has been built on learning how to innovate and on constantly challenging and updating those models.

Contents:

Front Cover

Riding the Innovation Wave

Copyright Page

Contents

Acknowledgements

1 Introduction

Innovation - An Old Challenge

The DNA of Innovation

The 'One-Hundred Club'

Three Key Elements

Who Does the Innovating?

Learning from History

Introducing Hella

Hella and Innovation

Looking Back, Looking Forward - The Need for Dynamic Capability

Learning to Manage Innovation

Hella's Innovation Journey

Further Resources

Reflection Questions

Notes

2 Hella's Innovation History

In the Beginning …

An Opportunity and an Entrepreneur…

Crisis and Survival - Just

Riding Rough Waters

Another War, Back Down Again

Riding the Waves of the 'Wirtschaftswunder'

Maintaining Continuity - the Family Connection

Internationalization

Crisis Strikes Again

Entrepreneurial Responsibility

Hella in the 21st Century - Old Crises, New Storms

Continuity in Innovation

Opening up Their Innovation Game

Process Innovation - Birth of the Hella Production System

Looking to the Innovation Horizon

3 Patterns of Innovation

Hella's Innovation History

Exploring Innovation Space - the 4Ps Framework

Exploring Hella's Innovation Space

Product Innovation

Process Innovation - Rethinking How Hella Operates

Position Innovation - Moving into New Markets

'Paradigm Innovation' - Rethinking the Business Model

Exploring a New Innovation Landscape

4 We are the Champions

Competence Isn't Enough

Milestones of Innovation

Building Electronics into Hella's DNA

The Long Road from Blinkers to Body Control Modules - and Beyond

Innovation Model Innovation - 'Die Änderung'

Climate Control

Xenon - Another Example of Pioneering.

Rethinking the Hella Production System

Creating the Innovation Engine for the Future

Accelerating Innovation in Electronics

5 Maintaining Momentum

So Far, So Good …

How Well Does Hella Manage Innovation?

Extending Innovation Capability

Building Reflective Capability

Conversations with Innovation

Challenges along the Innovation Frontier

6 Mobilising Entrepreneurial Engagement

Enabling High Engagement Internal Entrepreneurship

Ideation - Once Upon a Time …

What Went Wrong?

Going Underground

Jumping on the Platform …

Performing on the Platform

Dealing with the Challenges in Internal Entrepreneurship

Why This Is Important for Hella

Hella's Response to the Challenge …

Driving E-Novation 2 - Getting into the Fast Lane

Lessons Learned for Future Capability Building

7 The Challenge of Continuous Improvement

So What Is 'Continuous Improvement' (CI)?

Challenges in Making CI Happen

Learning Continuous Improvement

Why It Matters

Why It Matters to Hella

What Hella Is Currently Doing

8 Frugal Innovation

Why Frugal Matters in the Innovation World

Nice But Not Here …?

Frugal Innovation as a Mindset

How to Make It Happen?

Why Is This Important for Hella?

Challenges for Hella

So What Is Hella Doing?

9 Platform Thinking for Innovation

Why Do It?

Making Platforms Happen

Why Does This Matter for Hella?

And How Is Hella Responding to the Challenge?

The Journey to Platform Thinking

People

Business

Technology

Methodology

Reaching the Destination?

Further Resources.

Reflection Questions

10 Opening up Innovation Networks

Different Times, Different Networks

Why It Matters …

Finding, Forming and Performing - The Challenge of Knowledge Networking

Finding

Forming

Performing

Why Does This Matter to Hella?

11 Dealing with Discontinuity

Patterns of Innovation

Disruption from the Edge

Discontinuity and Disruption

What's the Problem?

Innovation as a Framing Problem

A Map of Innovation Search Space

Building Internal Entrepreneurial Capacity

What Hella Is Doing

Results

12 Agile Innovation

A Brief History of Agile

Lean Start-Up

Fifty Shades of Agile

What's in the Agile Tool Box?

Build-Measure-Learn

Minimum Viable Product (MVP)

Validated Learning

Innovation Accounting

Pivoting

Single Unit Flow

Line Stop/Andon Cord

Continuous Improvement

Kanban

Five Whys

Making Agile Innovation Work

Why Agile Matters for Hella

13 Looking to the Future

The Past

The Present

The Future?

Competence

Entry into Major New Technological Fields

Where and How Hella Uses its Knowledge Base

Maintaining Momentum

Capability

Continuity

Keeping the Innovation Conversation Going

References

Index.

Notes:

Includes index.

Includes bibliographical references.

Print version record

ISBN:

9781787149793

178714979X

9781787145696

1787145697