Essential Reading 2
Dr Stuart Grant recommends five books on innovation management that have informed, challenged and inspired him – and will hopefully do the same for you.
“My love for innovation is not just a professional interest but a personal passion. I enjoy exploring the practices, theories, and mechanisms that drive innovation. So I’d like to share with you my top five ‘go-to’ books on innovation management.
“These books offer invaluable insights and strategies to foster innovation and have each had a profound impact on me.”
The Innovator’s Dilemma by Clayton Christensen
Christensen’s seminal work explores why successful companies often fail to innovate and maintain their market leadership. Christensen introduces the concept of disruptive innovation, explaining how new technologies and business models can displace established market leaders.
The book provides compelling case studies, for example illustrating how disk drive companies struggled against disruptive forces. While some concepts can be complex, the book’s clear examples and thorough analysis make it accessible and thought-provoking.
It’s a must-read for understanding the challenges and opportunities in the modern business landscape and was one of the first I read on innovation management, inspiring me to study further and eventually pursue my PhD.
Managing Innovation: Integrating Technological, Market and Organizational Change by Joe Tidd and John R. Bessant
This is an indispensable read in terms of understanding the complexities of innovation management. The book provides a comprehensive framework, combining theoretical insights with practical applications.
Through detailed case studies and real-world examples, the book covers the entire innovation process - from idea generation to implementation and scaling. The author’s interdisciplinary approach highlights the importance of organisational culture, strategic leadership, and effective resource management in fostering innovation.
Clear, insightful, and well-structured, this book is a valuable resource for anyone looking to drive innovation in their organisation. Though a textbook style, it doesn’t need to be read cover-to-cover; you can dip in and out of relevant chapters and sections.
Innovation Management: Effective strategy and implementation by Keith Goffin and Rick Mitchell
Innovation Management delves into the strategies and processes essential for successful innovation management. The authors provide a balanced mix of theory and practice, offering valuable insights into how companies can foster a culture of innovation.
They also introduce the Pentathlon framework that integrates five dimensions of innovation management: strategy, process, organisation, tools, and culture - emphasising a balanced approach for successful innovation and the importance of cross-functional collaboration and customer involvement.
Their clear, engaging writing makes complex concepts accessible, making this book a must-read for professionals and students alike.
Ten Types of Innovation by Larry Keeley
This book offers a framework which categorises innovation into ten distinct types - profit model, network, structure, process, product performance, product system, service, channel, brand, and customer engagement.
The book is rich with real-world examples and case studies, demonstrating how companies can combine different types of innovation to achieve breakthrough success. Its practical advice and strategic insights make it a valuable resource. Clear, insightful, and engaging, this book is essential for anyone aiming to drive meaningful and sustainable innovation in their organisation.
Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration by Ed Catmull and Amy Wallace
Written by Pixar’s co-founder, this book delves into the creative processes and management principles that have driven Pixar’s success.
The book offers valuable lessons on leadership, teamwork, and maintaining a creative culture. Catmull emphasises the importance of candour, embracing failure, and empowering employees. Rich with anecdotes and behind-the-scenes stories from Pixar’s most beloved films, the book is both informative and inspiring. It’s a must-read for anyone interested in creativity, management, or the art of storytelling, delivering practical insights with a compelling narrative.
“Staying competitive in today’s fast-paced business environment requires a robust approach to innovation management. The books highlighted here offer invaluable insights and strategies to help organisations embrace innovation, overcome resistance, and foster a creative culture – essential reads whether you’re a seasoned leader or an aspiring entrepreneur.”