11 Ways Big Companies Undermine Innovation

Frustration ahead. How corporations undermine innovation efforts11 Ways Big Companies Undermine Innovation from Harvard business Review. So true. So tragically true.

Worth a read, but the 2 minute summary;

– No definition or metrics for what success means

– Unrealistic expectations of what ideas will yield

– The perception that Innovation is a ‘pet’ issue for a senior person

– The perception that innovation is disconnected from businesses pressing concerns

– Innovation is expected to ‘happen’ in the same cubicles and conference tables as Business as Usual

– Ideas that are potentially disruptive to the existing line of business are quickly dismissed

– Balancing near-term projects that can impact revenue quickly against long-term, truly disruptive projects

– Reluctance of releasing “alpha” or test versions of an idea for fear or negative feedback

– Failure to understand that good ideas may come from outside the organisation

– Company culture doesn’t tolerate failure

– Lack of commitment. Innovation initiatives get started, but then are de-prioritized as strategies shift

You can read the full article here,  http://blogs.hbr.org/2013/10/11-ways-big-companies-undermine-innovation/?goback=.gde_4435998_member_5798179570519654401#

Why is this useful? If you have, or are planning on introducing an innovation strategy in your organization, just ask yourself how any of these might apply to you and figure out how to mitigate them.

We can help with that. Follow me on LinkedIn (uk.linkedin.com/pub/michael-allen/0/360/b03/) so we can have a conversation or tweet me @BrillianttIdeas