HSM

INSPIRING IDEAS

MARCH 2009

Creativity is thinking up new things. Innovation is doing new things

Theodore Levitt

Dear:

This month’s Inspiring Ideas takes a look at the topic of innovation.  While many companies might be thinking that survival rather than innovation is today’s principle objective, the fact is that the two are fundamentally linked.  It was Darwin who said that it wasn’t the strongest or most intelligent species that survived, but those that are most responsive to change.  Well as we all know, today’s business environment is changing pretty fast, and it’s those companies who are best equipped to innovate that will meet the challenges that these changes present with greatest success.  This month we bring you insights from some of the world’s top innovation experts – Gary Hamel, Clayton Christensen, Vijay Govindarajan and Paul Saffo.  We hope you enjoy and, as always, feel free to send us any comments or suggestions.

Chris Stanley, Editor HSM Inspiring Ideas

Tips from the Top

The goal of forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present. Take a look at Stanford tech futurist Paul Saffo’s Six Rules of Effective Forecasting
[Read +]

Million Dollar Tales Amazon.com

Legend has it that Jeff Bezos wrote his business plan during a road trip to Seattle with his wife. The plan was simple: while the largest bookstores and catalogues for books might offer 200,000 titles, an on-line bookstore could offer more. The company began as "Cadabra.com," a name quickly abandoned for sounding too like "cadaver." Bezos renamed the company "Amazon" after the world's biggest river. [Read +]

After Office

What impact does you company’s organizational DNA have on its capacity to innovate? Did you know your company even had organizational DNA? Well, it does, according to Tuck professor Vijay Govindarajan, and the ability to manipulate this DNA is fundamental to the success of any proposed strategic innovation. Vijay explains why in this exclusive article for Inspiring Ideas. [Read +]

QUICK LINKS
Saffo’s rules of effective forecasting
Talking disruptive innovation with Clayton Christensen
Gary Hamel on management innovation
Decoding your organization’s DNA with Vijay Govindarajan
Change and Innovation in the 21st Century- Admiral James G. Stavridis
MULTIMEDIA TOOLBOX
VIDEO Watch as Harvard Business School’s Clayton Christensen discusses the concept of disruptive innovation and why the capacity to be disruptive is what leads to some of the most successful innovations of all. [watch video]
VIDEO When we think of innovation it’s often with regards to products or technologies. But what about innovation in management? As part of this exclusive interview with HSM, Gary Hamel identifies some of the key drivers that make management innovation necessary. [watch video]

As a Knowledge Sponsor for the World Innovation Forum, Capgemini is working to help executives identify what it takes to be a successful innovator in challenging economic times like these. We are benchmarking activities and results with executives like yourself and peers in multiple industries. By participating in this survey, you will be an important part of this benchmarking effort and learn where your business stands compared to the market.

If you would like to receive a copy of the final report, please provide your contact information at the end of the survey.

In addition, to thank you for completing the survey, respondents may enter into a drawing to win an Amazon Kindle 2, a market changing and innovative device for 2009.

Click here to participate in the Innovation survey.

HSM NEWS
Change and Innovation in the 21st Century

Admiral James G. Stavridis, Commander, United States Navy Southern Command shares his insights

Today’s military is more agile and capable than ever before, yet it is still in the very nascent stages of becoming a true post-modern organization that possesses the ability to couple strategic speed with global reach and purpose. Creating an organization—especially of the size and scope of the military, but applicable to many other large, complex, tradition centric organizations—that is truly able to adapt to 21st Century realities requires developing a culture that is change-centric and has an adaptive structure to match external conditions and forces.
Read the full article here

RECOMMENDED READING
The Future of Management

By:Gary Hamel



UPCOMING EVENTS

FREE INNOVATION WEBINAR
Online, USA
March 18, 2009
1PM EDT/10AM PDT

WORLD PROFITABILITY FORUM
Sao Paulo, Brazil
March 24-25 2009

WORLD INNOVATION FORUM
New York, USA
May 5-6 2009

EXPOMANAGEMENT
Madrid, Spain
May 20-21 2009

SMP JEREMY HOPE
Milan, Italy
May 27 2009

WORLD BUSINESS FORUM
New York, USA
Oct 6-7, 2009