Innovative concepts are like living organisms-they require energy and resources to survive. Innovation can only thrive when it emerges from an organization committed to the growth and sustainability of the enterprise. Instead of thinking of cultivating an innovation in isolation, organizations are more successful when they generate a cluster of innovations, manage them side-by-side, and evaluate how they interact as a portfolio of initiatives. Volume 5, the final volume in this detailed reference series, tackles the changing role of strategy, leadership, transformation, sustainability, and how to manage a balanced portfolio of strategic initiatives.
Over the past two decades, INNOVATYION360 GROUP founder Magnus Penker has counseled countless enterprises on making innovation profitable, executing digitization and the global implications of new business models. He was recognized as "CEO of the Year" in 2016 for his achievements in Innovation and Growth Strategies. While devoting time to helping others, he successfully launched 10 startups and turned around more than 30 businesses throughout the continent of Europe. Penker and his colleagues bring their collective wisdom and contemporary examples from well-known corporations to this thought-provoking and game-changing approach to innovation.
"In our degree programme, we aim to give leaders the tools and know-how to innovate and transform their companies & industries. This book is an excellent resource to understand the external influences and internal abilities to do so." - Melissa Rancourt, Academic Director of Global Executive Master Degree on Strategic Design & Management at Parsons School of Design.
"This book discusses the critical role that people and organization have in making innovation happen. The text is nicely organized, and it aligns well the emerging ISO/CD 50501 standard/guidance for innovation management." - John Saiz, Principal Industrial Fellow at the Univ. of Cambridge and former CTO of NASA JSC.
Magnus Penker is an internationally-renowned though leader on innovation, artificial intelligence, digitization, and business transformation. He is a speaker in prestigious global forums and events, such as - The Global Peter Drucker Forum, top ranked international business and design schools, a variety of associations and some of the world's largest companies. Mr. Penker is currently writing a 5 Volume Series on Business Innovation titled The Complete Guide to Business Innovation and is contributing as an editor at the International Journal of Innovation Science. As a result of these achievements he has been honored with the Business Worldwide Magazine award as the 'Most Innovative CEO Sweden 2016' and 'Growth Strategy CEO of the Year Sweden 2016'. Additionally, he has launched 10 start-ups as well as acquired, turned around, and sold +30 SMEs all over Europe. For the past 8 years, he has used his practical and theoretical insights to develop InnoSurvey(TM), a leading methodology and global innovation database which is used to analysis and to provide advice to companies, business leaders, and scientists around the world. Today, Mr. Penker is the CEO and Founder of the Innovation360 Group, which is headquartered in Stockholm, Sweden and in New York, USA. Through his best-selling American books on digitization and IT engineering and his more than 20 years of experience as a management consultant and business leader, Mr. Penker inspires leaders to find a new way of thinking and organizing to stay on top. Mr. Penker is driven by the recognition that in these turbulent times, we must understand what we are really good at and determine how we can use those capabilities and competencies to create advantages in a globalized market with endless possibilities. The global map is being redrawn at speeds we have not seen before, and historically low interest rates are attracting capital to global digital-risk projects that will further strengthen this movement. Mr. Penker has a B.Sc. in Computer Science (CTH, Sweden) and an MBA from the Henley Business School, England.
