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Inspirational Business Plan: Successful Innovation
Funds Required and Uses:
"Innovation has
nothing to do with how many R&D dollars you have. When Apple came up with the
Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's
about the people you have, how you're led, and how much you get it."
–
Steve Jobs...
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The Tao of Value Innovation
9 Signs of a Losing Organization
-
High Bureaucracy:
bureaucratic organizational structures with too many layers;
high boundaries between management layers; slow decision making;
too close monitoring of things and
subordinates; too many tools and documents discouraging creative
thinking...
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Balanced Organization:
5 Basic Elements
Empowered Employees
(Metal):
Organizing for Innovation
In the new era of
systemic
innovation, innovation is not limited to new products and
services. The organization structure itself is an integral part of the
innovation process.
Leading firms are
constantly reorganizing to ensure that the organization conforms to the
innovation and other task requirements, rather
than the other way around.
3 Strategies of Market Leaders
"One of the dangers divisions present to
innovation is that they can create internal competition that thwarts
cooperation and learning within the larger firm." To counterpart this
tendency, successful companies apply various strategies such as:
-
rewarding key executive on the company's
overall performance (Cisco Systems)
-
establishing councils that operate across
business units to force cooperation on key innovations, customers, or
markets (Cisco Systems)
-
using
cross-divisional councils as platform for defining new technologies and
defining business strategy
(Cirrus Logic)...
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Case in Point
Intel
Having recognized that rapid growth often
causes jobs to grow in scope and requirements more quickly than the people
in them keep up, Intel assesses people's "bandwidth" or capabilities
relative to the expanded scope of their current job, as well as assessing
future capacity.
Innovation Management Policies for Large
Corporations
By: Bill
Gates, Founder of
Microsoft
10 Ways To Murder Creativity
-
Ask for a 200-page
document to justify every new idea...
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Inspirational Leadership:
10
Roles
Inspirational leaders
create an
inspiring culture
within their organization.
They supply a shared
vision
and
inspire people to achieve more than they may ever have dreamed possible.
They are able to articulate a shared vision in
a way that inspires others to act.
People do what they have to do for a
manager, they do their best for an inspirational leader...
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Inspiring Culture
Do you want to encourage extraordinary
performance from your people? Do you want them to do great things? If yes, then you must create an
inspiring
corporate culture
to inspire and
energize them...
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Best
Practices
Google: 10 Golden Rules
Encourage
creativity. Google
engineers can spend up to 20 percent of their time on a project of their
choice. There is, of course, an approval process and some oversight, but
basically we want to
allow creative people to be creative. One of our
not-so-secret weapons is our ideas mailing list: a companywide
suggestion box where people can post ideas ranging from parking
procedures to the next killer app. The software allows for everyone to
comment on and rate ideas, permitting the best ideas to percolate to the
top...
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Teams
– the Heart of Innovation
In the new era of
systemic innovation, it is more
important for an organization to be cross-functionally excellent than
functionally excellent. Firms which are successful in realizing the full
returns from their technologies and innovations are able to match their
technological developments with complementary expertise in other areas of
their business, such as manufacturing, distribution, human resources,
marketing, and customer relationships. To lead these expertise development
efforts,
cross-functional teams, either formal or informal, need to be formed.
These teams can also find new businesses in white spaces between existing
business units.
Energizing Employees
"What
energizes people is
the broader horizon, the excitement of new challenges and big
opportunities. When their
leaders offer this excitement, people come alive."1
The one-on-one relationships that individual
workers have with their managers, and the
trust, respect, and
consideration that their managers show toward them on a daily basis are also
at the core of an energized workforce.
"Getting the best out of workers is
above all a
product of the "softer" side of management - how individuals are
treated, inspired, and
challenged to do their best work - and the support, resources, and guidance
that is provided by managers to help make
exceptional employee performance a reality."2...
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29 Obstacles To Innovation
Create an Innovation Incubator
A common – and fatal! – mistake in larger
organizations is to give innovation projects to existing line managers who
are running a regular business and are too busy with their routine problems.
"New products or services are like delicate seedlings that should be kept in
the greenhouse until they are stronger, and not left to fend for themselves.
The regular business manager is too busy meeting monthly deadlines and
targets to give the prototype business the attention it needs. It is
better
to put the seedlings in the care of a special department,
sometimes known as
an innovation incubator. This department has different goals and objectives,
it works on a longer schedule, and it is headed by an innovation director
who has a high level of authority in the organization."4...
More
Top Management Team...
Cross-Functional Teams
Leading Innovation...
Teams of Empowered Employees...
Managing Knowledge Workers...
The Power of Passion...
Idea Management...
Managing Creativity In Your Business
Environment...
Managing Innovation by Cross-functional
Teams...
In-Company Ventures..
Creative Chaos Within a Guiding
Structure...
The Challenge for Small Enterprises...
Innovation Practice Tips...
Cases in Point
IDEO
and their Hot Studio System...
Cases in Point
HP...
Cases in Point
Silicon
Valley Firms...
Cases in Point
GE...
Cases in Point
BP...

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