Successful organizations embrace change management.
At the Edge
An organization’s culture is the sum of its behaviors. Successful innovative organizations require crowdsourcing capabilities and co-creation between practitioners and IT experts. And these activities must be done with agility and speed. Changing the culture must focus on talent management strategies to replace outdated HR processes.
Creative Destruction
Leaders must employ the right balance between incremental innovation and ‘swing for the fence” activities. Organizations must create the ability to move funds quickly to better ideas, remove bureaucratic hurdles through distributed technology development, and increase ‘fungibility’ of resources.
Reach Outside
Most innovation comes from outside an organization and requires strategies to identify research and development public or private linkages and knowledge of investments already made – that is to say, monetizing someone else’s assets. Successful organizations also have open innovation platforms and perpetual beta testing.