Managing for Innovation
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Transcript of Managing for Innovation
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MANAGING FOR INNOVATIONMANAGING FOR INNOVATION
Creating the right structure, strategy and culture to foster growth through creativity
Nathan SheranianILRHR 66404.29.2010
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IBM Buzzword BingoIBM Buzzword Bingo
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Tackling InnovationTackling Innovation
Align innovation with business strategy What fosters innovation
Goals, leadership, skills, organizational structure, and culture
Innovative Companies GE IDEO Netflix
Exploration and Exploitation
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Align with Strategy of OrganizationAlign with Strategy of Organization
Breakthrough innovation Emerging business opportunities (EBO’s) High growth business Incremental innovation
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Breakthrough InnovationBreakthrough Innovation
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Emerging Business Opportunities Emerging Business Opportunities (EBO’s)(EBO’s)
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High Growth BusinessHigh Growth Business
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Incremental InnovationIncremental Innovation
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GE: Leadership, Innovation and GrowthGE: Leadership, Innovation and Growth
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Tough Love at NetflixTough Love at Netflix
Flexibility No policy governing time
off No dress code
Annual 360-degree Reviews
Leading market salaries, but no performance bonuses
Employees responsible for own development
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IDEOIDEO
The three R’s Rough, rapid, right
“Enlightened trial and error” Show and tell Employees design own workspace No hierarchy
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Explore Explore andand Exploit Exploit
Innovation drives growth, success Execution capitalizes on new ideas In the long run, organizations must both innovate
and execute to remain successful
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QuestionsQuestions
Thank you!
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ResourcesResources
Applegate, Linda M., and Bruce Harreld. 2009 “Don’t just survive—thrive: Leading Innovation in Good Times and Bad.” Harvard Business Review (working paper).
Grossman, Robert J. April 2010. “Tough Love at Netflix.” HR Magazine, Volume 55, Number 4.
O’Reilly, Charles A. III, and Michael L. Tushman. 2004 “The Ambidextrous Organization.” Harvard Business Review, 82: 4-81.
Prokesch, Steven. January 2009. “How GE Teaches Teams to Lead Change.” Harvard Business Review, 99-106.
Thomke ,Stefan and Ashok Nimgade. 2000. “IDEO Product Development.” Harvard Business Case.