Lightweight Innovation: Guidelines for Reinvention (Part 1)
Lightweight innovation processes are emerging on the web, aided by new ideas about how to organize innovation and technologies that reduce the cost and complexity of incremental innovation. But which of these tools might enable a shift to lightweight models in other industries? This section highlights a few generalized tools discovered in our research that are likely to deliver specific capabilities to organizations that seek to experiment with lightweight models. We organize these tools into four broad domains: knowledge, people, money and places.
- Anthony Townsend's blog
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Recognizing Lightweight Innovation: Key Characteristics and Technology Drivers
In 2007, the Institute for the Future forecast on lightweight infrastructure introduced a set of characteristics common in the design of emerging technical systems. When we look for lightweight innovation, we are more concerned with the characteristics of organizations and processes of innovation than the physical objects and networks of infrastructure.
- Anthony Townsend's blog
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Financial Lightweight Innovation: Thomson Reuters and the StreetApps Challenge
It's great to see a company that gets lightweight innovation and is willing to stick it's neck out. In partnership with NYC-based ChallengePost, Thomson Reuters is offering $25,000 in prizes to developers that create innovative mobile apps that leverage its financial data APIs.
- Anthony Townsend's blog
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Moving Beyond Open Innovation
Opening up R&D organizations to outside ideas has become a powerful weapon in the strategic arsenal of research managers. As Henry Chesbrough writes, “[O]pen innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.” This strategy has been associated with notable commercial successes, such as Procter & Gamble’s SpinBrush, sourced not from internal R&D but rather a group of inventors in Cleveland.
- Anthony Townsend's blog
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Idea Management + Prediction Markets = Lightweight Innovation
When I first joined the Institute four years ago, I spent much of 2006 looking at the prospects of prediction markets for long-range forecasting. For the 5-10 year time range that IFTF typical does forecasting for, prediction markets were of limited use. People just didn't have the patience to make long-term bets.
- Anthony Townsend's blog
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FutureCast: Vinay Gupta on Lightweight Shelters & Disaster Relief (April 1, 2010)
Designing with Empathy
Join Jerry Michalski in conversation with Vinay Gupta to discus the hexayurt, an innovative design for lightweight shelter, and possibly the future of disaster relief.
- Tessa Finlev's blog
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Lightweight innovation for credit card companies
My colleague Anthony Townsend recently wrote a thoughtful report The Future of Lightweight Innovation for IFTF’s Technology Horizons program. The report is currently available only to clients, but Anthony has blogged about the report on several occasions. You can catch some important insights
here . He makes a compelling case for porting lightweight innovation model which has evolved in the web industry to other industries, including those that rely heavily on capital intensive R&D.
- Mani Pande's blog
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Lightweight Innovation: ShopKeep Upends Retail IT With Cloud Services
At a mixer for The Hive at 55, a new coworking space launched recently by the Downtown Alliance here in Manhattan, I accidentally met one of the employees of a new startup called ShopKeep. Founded by ex-PWC technology consultant turned wine store-entrepreneur Jason Richelson, the project grew out of the retail entrepreneur's frustration with available point of sale and retail customer management systems.
- Anthony Townsend's blog
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The Strategic Challenge: Innovating the Process of Innovation
This is the second in a series of monthly articles presenting the Institute for the Future's forecast on the future of lightweight innovation. In the first post, we explored the how lightweight models for building the web are changing the way companies innovate. This month, we look at some of the key strategic challenges this shift poses for existing institutions.
- Anthony Townsend's blog
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The Humanities Gaming Institute: A Model for Lightweight Innovation in Highly Traditional Organizations?
IFTF colleague Sean Ness recently drew my attention to an interesting lightweight innovation event being held this summer at the University of South Carolina, the Humanities Gaming Institute. During three weeks in June, a group of 20 fellows selected in a competitive selection process with work with three gamedesign experts to prototype new online games that can be used to conduct research and teach the humanities.
- Anthony Townsend's blog
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