Professor Frédéric FRERY talks about innovation and its importance and significance in the business world today.
Frédéric Fréry is a professor in the Strategy, Organizational Behaviour and Human Resources Department of the ESCP-EAP European School of Management, Paris campus. His main teaching focus is on strategy, organization, and management of innovation.
Can innovation be taught?
Of course it can. Many text books are dedicated to Management of innovation and top EMBA programs all propose innovation courses. Researchers such as Clayton Christensen, Everett Rogers or Eric von Hippel have designed useful concepts and tools that can help executives in the innovation process.
In the corporate world, what does innovation mean and why is it important?
Innovation is the gateway to differentiation. When rivalry soars and commoditization threatens profit margins, competitors can escape deadly price wars thanks to innovation. Without continuous change and innovation, long-term success is a mirage. Moreover, remember that innovation must not be confused with mere problem solving: real breakthroughs cannot be shoe-horned into the problem solving format.
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