All Features

Using Prizes to Spur Innovation
MIT News
Prizes have long been used to induce solutions to national challenges. Between the 16th and 19th centuries, prizes yielded vaccine inoculation, lifeboats, a method of calculating longitude at sea, new food-preservation techniques, and more. But by the late 19th century, prizes had largely been…
Innovation Almost Bankrupted LEGO
Knowledge at Wharton
It was 2003, exactly 56 years after Ole Kirk Christiansen bought the first plastic injection molding machine in Denmark to start manufacturing plastic bricks for building-block toys. On the surface, or so it seemed, the LEGO Group had done everything right over that time period. The company was an…
Production in the Innovation Economy
MIT News
Not long ago, MIT political scientist Suzanne Berger was visiting a factory in western Massachusetts, a place that produces the plastic jugs you find in grocery stores. As she saw on the factory floor, the company has developed an innovative automation system that has increased its business:…
The Gnomes of Innovation
Stewart Anderson
Few would argue with the proposition that a firm’s well-being depends upon its ability to innovate. Firms that lack the capacity to develop new and improved offerings which satisfy customer needs, together with improved means for realizing and providing those offerings, are not likely to remain…
Of Soup and Innovation
Akhilesh Gulati
Cooking is not my forte, but I try. I intended my latest concoction to be interesting, new, and easy. It was a soup, made with nontraditional ingredients, and it won rave reviews at a neighborhood potluck. No one could guess all the ingredients, so it won the “unique” dish award. When asked…
To-Do or Kanban? That Is the Question
Laurel Thoennes @ QD
“What makes a personal kanban any better than a to-do list?” asked Julie, crossing out a completed task on her “ta da!” list with exaggerated strokes. “With personal kanban you visualize your work, it becomes tangible, you get kinesthetic feedback, it’s flexible, contextual, and it promotes…
Case Study: CMM Plus Laser Probe Equals Gains
Quality Digest
By adding a laser probe to a coordinate measuring machine (CMM), Sonaca, a large Belgian aerospace-structures supplier, has greatly increased the completeness of its inspections, obtaining full documentation of every component’s geometry. When the company inspected sheet metal components in the…