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    The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book)
    The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book)
    The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book)
    Ebook41 pages26 minutes

    The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Vijay Govindarajan and Chris Trimble's book: "The Other Side of Innovation: Solving the Execution Challenge".

    This complete summary of the ideas from Vijay Govindarajan and Chris Trimble's book "The Other Side of Innovation" shows that companies are struggling to make innovation happen. Some give their workers free time to come up with new ideas, some have detailed processes for closing the loop between ideas and execution, and others put the burden of innovation on talented individuals. In their book, the authors explain that the undeniable fact is that organisations are not designed for innovation. They are optimised for ongoing operations. Innovation must be carried out in partnership with the corporation’s performance engine to be useful. This summary provides an accurate formula for innovation that companies can use to successfully come up with new ideas.

    Added-value of this summary:
    • Save time
    • Understand key concepts
    • Expand your knowledge

    To learn more, read "The Other Side of Innovation" and discover the key to making your company successful through innovation.
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateOct 28, 2014
    ISBN9782511020197
    The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book)

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      Book preview

      The Other Side of Innovation (Review and Analysis of Govindarajan and Trimble's Book) - BusinessNews Publishing

      Book Presentation:

      The Other Side Of Innovation

      by Vijay Govindarajan and Chris Trimble

      Book Abstract

      About the Author

      Important Note About This Ebook

      Summary of The Other Side Of

      Innovation (Vijay Govindarajan and Chris Trimble)

      Team

      Plan

      Book Abstract

      MAIN IDEA

      Companies the world over are struggling to make innovation happen. Some (like 3M and Google) give their workers free time to come up with new ideas, but this approach (innovation = ideas) tends to generate a thousand small initiatives rather than one or two big ideas which move the needle. Other companies have detailed processes for closing the loop between ideas and execution but this approach (innovation = ideas + processes) only tends to generate improvements on existing products rather than game changing breakthroughs. Other companies put the burden of innovation on talented individuals (innovation = ideas + leaders).

      The undeniable fact is organizations are not designed for innovation. They are optimized for ongoing operations. Innovation is always going to be in conflict at some level with the repeatable and predictable processes which make money for a company – its Performance Engine. To be useful, innovation must be carried out in partnership with the corporation’s Performance Engine if it is to be useful over the long haul. A more accurate formula for innovation is:

      Innovation = Idea + Leader + Team + Plan

      Idea: Breakthrough innovations are always based on great ideas.

      Leader: To make things happen, you need someone who steps up and thinks and acts differently to drive execution.

      Team: You have to bring together the right project team and let them do their stuff if your idea is to gain any traction.

      Plan: Your innovation initiative must have a business plan which gets improved through a rigorous learning process.

      Many firms have people who are generating interesting new ideas all the time. Similarly, leaders tend to be in favor of

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