How to implement an innovation engine in any organization Innovation is often sought and is in high demand today. At the same time it is often misunderstood and lacks committed sponsorship. Today, most teams at the top need an innovation capability in a manner that works in tandem with their performance/operations management. Packed with actionable ideas, references, links, and resources, Innovation Engine meets that need. * Reveals how to develop strategy, road maps, and processes for innovation execution * Provides high level implementation guidance on executing innovation, something companies are struggling with globally * Explores how today's companies can create a long-term sustainable corporate culture by also using an innovation engine * Explains how to use innovation to keep employees engaged and motivated * Written for executives, business leaders, CFOs, and CIOs Showing readers how to create a business case for innovation and a supporting innovation linked to business vision and goals, Innovation Engine clearly reveals how to reduce time-to-market, while expanding the "idea landscape" and building a pipeline of corporate innovators.
JATIN DESAI has been active in leadership and operating roles since 1983 when he cofounded The DeSai Group. The DeSai Group provides innovation execution and management services to Fortune 1000 and Global 2000 companies in the United States, Europe, and India.
Preface xiii Acknowledgments xv Introduction 1 The New Duality: Performance Engine and Innovation Engine 1 Foresight 2 Getting Started 3 Barriers and Risk 4 The Game of Innovation 4 Innovation Scorecard 4 Driving Innovation 5 Notes 7 Part I Link Inn ovation to Business Strateg y 9 Chapter 1 Develop a Clear Innovation Intent 11 The Vision 11 The Seismic Shift 14 Mechanical Engine versus Innovation Engine 15 Strategic Alignment for Innovation 18 Why Innovation? 20 Innovation Execution: Embedding Innovation 31 Conclusion 33 Notes 34 Chapter 2 Assess Innovation Readiness 37 Reasons Why Executives Want Innovation 38 Innovation Readiness 42 Factors of the Innovation System and Culture 44 Leading Innovation 47 Notes 54 Chapter 3 Creating an Innovation Strategy 57 Innovation Strategy 57 Innovation Management 66 Defining Innovation 68 Defining Innovation Objectives and an Innovation Goal 69 Notes 71 Part II Devel op an Inn ovation Playbook 73 Chapter 4 Creating a Roadmap 75 Innovation Playbook 75 Notes 91 Chapter 5 Building Momentum 93 Momentum 93 Momentum Framework 95 Conclusion 109 Note 109 Part III Playing the Game111 Chapter 6 Structuring for Innovation 113 Components of Organizational Structure 114 Types of Organizational Structures 116 Planning Your Innovation Structure 120 Four Major Types of Innovation Structures 121 Core Innovation Team Structure 128 Conclusion 130 Note 131 Chapter 7 Innovation Management Process 133 Finding and Generating Ideas 134 Managing the Innovation Funnel 142 Implementing or Commercializing Ideas 154 Innovation Scorecard 158 Conclusion 158 Notes 159 Chapter 8 Building Intrapreneurs 161 Intrapreneurship and Intrapreneurs 162 Entrepreneurs and Intrapreneurs 166 Conclusion 185 Notes 189 Chapter 9 Sourcing Radical Ideas 191 The Path: How Ideas Travel 192 Case Study: Energy Market 194 Five Power Skills to Source Uncontested Ideas 197 Conclusion 210 Notes 210 Chapter 10 The One Secret about Innovation 213 Story of Silicon Valley 214 The One Thing 218 Playful Independence 218 Final Thoughts 224 Notes 227 About the Author 229 Index 231