Key Drivers of Innovation: Management, Governance, Organization PPT

This PPT slide, part of the 28-slide Drivers & Challenges to Innovation Culture PowerPoint presentation, outlines 3 critical drivers of innovation: Management, Governance, and Organization. Each section provides insights into how these elements contribute to fostering an innovative culture within organizations.

The first section, Management, emphasizes the pivotal role of senior management in driving innovation. It highlights the necessity of unwavering commitment from leadership to embed innovation into the organizational culture. The management's endorsement of transformative initiatives is portrayed as essential for achieving significant breakthroughs and growth. The BCG study referenced underscores the importance of monitoring innovation efforts through key performance indicators (KPIs) and establishing effective performance management systems, including rewards and recognition linked to innovation outcomes.

In the Governance section, the focus shifts to how top innovators categorize their innovation projects based on their level of innovativeness. It notes that these organizations adopt distinct procedures for managing both revolutionary and incremental projects. A striking finding is that approximately 80% of disruptive innovators allow radical initiatives to proceed without stringent return on investment forecasts, thus creating a buffer for exploration without immediate financial pressure.

The final section, Organization, reveals that about 75% of the study participants have tailored processes and KPIs specifically for breakthrough initiatives. It suggests that these organizations foster unique structures that encourage collaboration with external partners, vendors, and customers. A culture that embraces exploration and tolerates trial and error is identified as a key characteristic of these successful organizations.

Overall, the slide provides a comprehensive view of how management commitment, governance frameworks, and organizational structures collectively shape an environment conducive to innovation.

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Innovation Management Innovation Culture Performance Management Organizational Culture Key Performance Indicators Organizational Structure Return on Investment Leadership KPI Innovation Governance