Category Archives: CRII – J. Schumpeter National Research Repository
R&B Special Feature: Maximising Innovation With Diversity (INSEAD)
Organisations in today’s era of hyper-competition are increasingly reliant on innovation to sustain a competitive advantage. This is particularly true for newly established start-ups, where ongoing innovation is fundamental to effective product market competition.
An important precursor to innovation is the ability to take knowledge from different areas and to recombine it in new and impactful ways. Teams are an important aspect of this process. Having people work in teams and sharing ideas can allow firms to create a more sustained pipeline of innovation than the “light-bulb moments of lone genius,” as noted by Aspen Institute CEO, Walter Isaacson. While the need for team-based innovation is widely acknowledged, less well understood is how multiple teams should be organised within a company in order to maximise innovation for the firm as a whole.





























