Pull out the list of the “most innovative companies” from your favorite business magazine. With the exception of their brand recognition, which is the entry fee for these beauty pageants, they have few innovation practices in common that would distinguish them from the rest of the rabble, whether it’s unique strategies, unusual financing, or novel ways of hiring and staffing.
The fact is that one size never fits all. What makes innovation companies unique is, well, unique. They are highly adapted for their specific situation. (more…)