BUY WITH CONFIDENCE
DESCRIPTION
Innovation—the ability to define and develop new products and services and deliver them to the market—is the fundamental source of value creation in companies. Innovation is inherently a highly cross-functional activity that, when it works well, creates a construction tension between competing objectives of development cost, product value, performance, quality, and time to market. Product development touches every part of the company.
Functions like strategic planning, sales, operations, customer support, purchasing, and finance are just as important to successful Innovation as R&D and Engineering. How well these very different functions work together in large measure determines how effective a company will be at developing successful products and services.
Structure is often the first thing companies seek to change to achieve better organizational performance. However, studies have showed that structure is a poor predictor of how an organization behaves. Independent of organization structures, some companies can deftly mobilize their best capabilities to meet unexpected changes in the marketplace. These are the Innovation Organizations. However, there are companies that are immobilized by such challenges, unable to respond effectively.
This framework will guide companies towards mastering the dynamics of the Innovation Organization and its 4 building blocks.
1. Decision Rights
2. Information
3. Structure
4. Motivator
The importance of Innovation to future growth and shareholder value will continue to increase in the coming decade—and beyond. Innovation Organizations must be resilient, adaptive, self-correcting and becomes robust over time. Companies are becoming more and more challenged to achieve Intelligent Innovation to achieve compelling results.
This deck also includes slide templates for you to use in your own business presentations.
Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Innovation PowerPoint Slides: Innovation Organization PowerPoint (PPT) Presentation, LearnPPT Consulting
Did you need more documents?
Consider a FlevyPro subscription from $39/month. View plans here.
For $14.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
OVERVIEW
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
[read more]
ABOUT FLEVYPRO
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
Click here to learn more about FlevyPro and its benefits.
This document is available as part of the following discounted bundle(s):
Save %!
Fundamentals of Innovation Management & Strategy
This bundle contains 8 total documents. See the additional documents to the right.
Innovation Management Consulting Frameworks Strategy Frameworks Ideation Alliances Organizational Design Jobs-to-Be-Done Service Design Creativity Value Proposition Operational Excellence Business Framework PowerPoint Diagrams Customer Experience Education Open Innovation Business Model Innovation Innovation Culture Strategic Thinking Digital Transformation Strategic Analysis Competitive Advantage Strategic Planning Business Process Management Target Operating Model M&A (Mergers & Acquisitions) Restructuring Organizational Behavior Gap Analysis Consulting Training Core Competencies Business Model Design
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. |