What makes a company innovative?

It used to be that companies were judged as innovative based on how many ideas they could bring to market. There was a tension de-fined between the “innovate/explore” and “execute/exploit” mindsets. Huge debates emerged about whether a company should focus on its core or on emerging “edge” opportunities. In today’s market, three things have changed. First, the speed of change is unprecedented: keeping up means shifting to new arenas at a breakneck pace. Second, there are new forces of change - coming from industries outside of the ones where we are used to competing and operating – and that re-quires cross-industry insights. Third, the business models themselves have shifted, opening up new opportunities to collaborate, to build an ecosystem through relationships that transcend the traditional supply chain mindset […]