Ten Rules for Strategic Innovators: From Idea to Execution

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Harvard Business Press, 2005 - Business & Economics - 224 pages
3 Reviews
Even world-class companies, with powerful and proven business models, eventually discover limits to growth. That's what makes emerging high-growth industries so attractive. With no proven formula for making a profit, these industries represent huge opportunities for the companies that are fast enough and smart enough to capture them first. But building tomorrow's businesses while simultaneously sustaining excellence in today's demands a delicate balance. It is a mandatory quest, but one that is fraught with contradiction and paradox. Until now, there has been little practical guidance. Based on an in-depth, multiyear research study of innovative initiatives at ten large corporations, Vijay Govindarajan and Chris Trimble identify three central challenges: forgetting yesterday's successful processes and practices; borrowing selected resources from the core business; and learning how the new business can succeed.The authors make recommendations regarding staffing, leadership roles, reporting relationships, process design, planning, performance assessment, incentives, cultural norms, and much more. Breakthrough growth opportunities can make or break companies and careers. "Forget, Borrow, Learn" is every leader's guide to execution in unexplored territory.
 

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This book is a great insight into how the new businesses or new ideas can be implemented within the framework of existing organizations. Overall very interesting , explicit with lot of case studies , examples and theories.
It is a must read for every C level executive.
Rgds,
GP

Contents

Chapter One WHY STRATEGIC INNOVATORS NEED
1
Chapter Two WHY ORGANIZATIONS LIKE
21
Chapter Three TAMING THE ELEPHANT
41
Chapter Four WHY TENSIONS RISE WHEN
55
Chapter Five TURNING TENSION INTO
67
Chapter Six WHY LEARNING FROM EXPERIENCE
89
Chapter Seven How BEING BOLD COMPETITIVE
113
Chapter Eight How BEING REASONABLE INSPIRING
129
Chapter Nine FINDING GOLD WITH THEORYFOCUSED
149
Chapter Ten THE TEN RULES EXPLAINED
183
Notes
199
Index 217
218
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