| Lack of coordination - 2nd biggest barrier to innovation Issue1 #109002 Most focus on internal coordination and incentivisation, but we agree engagement, coordination and connection externally also holds back innovation - including public, csos etc. Though dilemma is how self-serving will that seem if P&G invite me in to pick my brains on something - yes if you pay £££! |
Business Week article The World's Most Innovative Companies
"Indeed, a lack of coordination is the second-biggest barrier to innovation, according to the survey's findings. But collaboration requires much more than paying lip service to breaking down silos. The best innovators reroute reporting lines and create physical spaces for collaboration. They team up people from across the org chart and link rewards to innovation. Innovative companies build innovation cultures. "You have to be willing to get down into the plumbing of the organization and align the nervous system of the company," says James P. Andrew, who heads the innovation practice at BCG.
Procter & Gamble Co. (PG ) (No. 7) has done just that in transforming its traditional in-house research and development process into an open-source innovation strategy it calls "connect and develop." The new method? Embrace the collective brains of the world. Make it a goal that 50% of the company's new products come from outside P&G's labs. Tap networks of inventors, scientists, and suppliers for new products that can be developed in-house." |