efficiency & effectiveness (image via weareint.io)

How effective is being efficient? – Of Value, Creativity and Innovation

As you can see below MindNode is a tool that makes mind mapping easy. The guys from IdeasOnCanvas write that “Mind Maps are a visual representation of your ideas, starting with a central thought and growing from there.” And our thoughts did indeed grow. When we started we wanted to deconstruct efficiency and soon enough found two promising clues which we would investigate further. This was the aspect of value in the first place and secondly a link to creativity.

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Erik Brynjolfsson and Andrew McAfee Big Data: The Management Revolution (image via bryancallen.com)

Andrew McAfee and Erik Brynjolfsson – Big Data: The Management Revolution

“There’s much wisdom in that saying, which has been attributed to both W. Edwards Deming and Peter Drucker, and it explains why the recent explosion of digital data is so important. Simply put, because of big data, managers can measure, and hence know, radically more about their businesses, and directly translate that knowledge into improved decision making and performance.

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Harrington Emerson The Twelve Principles of Efficiency (image via en.wikipedia.org)

Harrington Emerson – The Twelve Principles of Efficiency

Harrington Emerson’s earlier book “Efficiency as a Basis for Operation and Wages” appeared originally in 1908, and a third edition, revised and enlarged, is being reissued almost in parallel with this second and later work on “The Twelve Principles of Efficiency.” The relations between the first and second presentations of the subject thus become clear. The former sets forth a new view of the whole industrial problem and of the relations and proportions of the factors entering into it. It is the declaration of a philosophy. This latter work, stronger even than its predecessor, and more specific in statement, reduces the doctrine of efficiency to a code upon which to base rules of practice.

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Technological Discontinuities and Organizational Environments Michael L. Tushman; Philip Anderson (image via http://www.exed.hbs.edu/)

Michael Tushman & Philip Anderson – Technological Discontinuities and Organizational Environments

“Technology can be defined as those tools, devices, and knowledge that mediate between inputs and outputs (process technology) and/or that create new products or services (product technology) (Rosenberg, 1972). Technological change has an unequivocal impact on economic growth (Solow, 1957; Klein, 1984)and on the development of industries (Lawrence and Dyer, 1983).The impact of technology and technological change on environmental conditions is, however, less clear.

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Klaus Schwab World economic forum world competitiveness report (image via forumblog.org)

Klaus Schwab (WEF) – Global Competitiveness Report

“The Global Competitiveness Report 2013–2014 is being released at a time when the world economy is undergoing significant shifts. The global financial crisis and the ensuing developments have heightened the role of emerging economies in the global context.This has accelerated the major economic transformations already underway, which have fueled rapid growth and lifted millions of people out of poverty. Yet, although the global economy’s prospects are more positive than they were when we released last year’s Report, growth has begun to slow across many emerging economies, and advanced economies in Europe and elsewhere continue to struggle.

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Tellis Evolution and radical Innovation (image via fdz.iab.de)

Sood & Tellis – Technological Evolution and Radical Innovation

“Technological change is perhaps the most powerful engine of growth in markets today. To harness this source of growth, firms need answers to key questions about the dynamics of technological change: (1) How do new technologies evolve? (2) How do rival technologies compete? and (3) How do firms deal with technological evolution?

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Gina O'Connor the human side of radical innovation (image via grabbinglightning.com)

Colarelli O’Connor & McDermott – The Human Side of Radical Innovation

“Radical, breakthrough, discontinuous, step out, horizon 3, gamechanging innovation are all labels adopted in the academic literature and management practice to identify projects whose objectives are to create new to the world offerings and, concomitantly, whole new lines of business for companies. They are distinguished not only by the promise of reward they offer, which is not only large in scope and strategically important to the corporation in terms of organizational renewal, but also by the risk and uncertainty that accompanies their potential outcome.

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genesis of innovation

Laperche, Uzunidis & Tunzelmann – The Genesis of Innovation

“Knowledge and innovation are the two main resources of contemporary capitalism. To study and understand these roles, it is first helpful to draw on the theory of systems. Technological innovation cannot be understood when isolated from its context. Putting innovation in perspective requires a holistic and systemic approach: new technologies, new products, but also new markets, new organization and new management practices.

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Taylor scientific management (image via en.wikipedia.org)

Frederick W. Taylor – The Principles of Scientific Management

“President Roosevelt, in his address to the Governors at the White House, prophetically remarked that “The conservation of our national resources is only preliminary to the larger question of national efficiency.” The whole country at once recognized the importance of conserving our material resources and a large movement has been started which will be effective in accomplishing this object.

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