A must-read leadership guide for CIOs and executives whose careers depend on creating value and growth through continuous innovation Innovation is the hot topic. Everyone's talking about it, but there seems to be a lot of misperceptions about getting it done. Innovating for Growth and Value is aimed at CIOs and other technology leaders in the modern enterprise. This insider's guide to innovation presents repeatable processes, detailed methodologies, and robust frameworks for innovation and continuous transformation in today's fast-paced business environments. It provides actionable programs for developing and successfully executing profitable and repeatable innovation strategies. * Focuses on specific critical areas where innovation is imperative * Features real-world stories and revealing anecdotes * Presents interviews from international companies such as Netflix, IBM, Cisco, Boeing, Facebook, Intel, Microsoft, McKesson, Flextronics, and more Without innovation, your company cannot compete and cannot survive. So the real question isn't whether to innovate or not. The real question is how to innovate and make innovation strategies work in the modern enterprise.
Thoughtfully written and carefully researched, Innovating for Growth and Value grasps the central truth about innovation with a wealth of information made truly valuable for IT leaders and CIOs.
HUNTER MULLER is the President and CEO of HMG Strategy, LLC, an established provider of networking events and professional services to CIOs and senior executives across the IT industry. He has more than twenty years of experience in business strategy consulting with a strong focus on IT organization development, strategy, and business alignment.
Foreword xi Acknowledgments xvii Introduction xix Chapter 1 The Innovation Challenge 1 The Psychology of Innovation 6 An Expanding Range of Influence 7 Speed and Failure Are Essential in Continuous Innovation Strategies 8 Fail Fast and Fail Smart 10 The New Speed of Change 12 Focus on the Business Challenge, Not on the Technology 14 In the Modern Enterprise, True Innovation Takes Many Shapes and Forms 18 Chapter 2 Governance Trumps Process 23 Being a Leader of Innovation at an Innovative Enterprise 27 Great Companies Avoid the Me Too Syndrome When Innovating 29 Cycles of Innovation and Adoption 32 Good CIOs Are Leaders at All Stages of Innovation 34 From Enabler to Innovator: The Evolving Image of the CIO 36 Replacing Up and Down with Left to Right 38 Creating a Culture of Innovation 40 Converting Ideas into Successful New Products and Services 41 Chapter 3 Leveraging Multiple Skill Sets 45 Networking and Connecting 48 Overcoming Obstacles to Innovation 49 Two Types of Thinking 50 Overcoming Habits 51 Breaking Through and Moving Forward 53 Professor of Innovation 55 Leveraging the Cloud and Thriving on Innovation 57 Chapter 4 Accelerating Innovation 61 In the Modern Enterprise, IT Is the Backbone of Innovation 69 Underlying Principles of Innovation 72 A Practical Taxonomy of Innovation 73 The Mouse in the Maze 74 Managing Innovation Across the Enterprise 77 Eight Action Steps for Driving Innovation 79 Chapter 5 Innovation Begins with Business Strategy 85 The New Face of IT Executive Leadership 88 Improvisational Skills Can Elevate Innovation Leadership Capabilities 90 Blending Innovation and Operations 95 Innovating in the Battle Against Cancer 97 Focusing on Value Creation, Improved Margins, and Staying Ahead of the Trend Curve 99 Escaping the Pull of the Past 101 Chapter 6 Evolving Relationships Across the C-Suite 105 From Captain to Coach, from Controlling to Enabling 109 Connecting the Dots Between Innovation and Analytics 111 Digging Deeper into Big Data 115 Innovation in the Age of the Industrial Internet 118 Moving Toward the Customer 120 Lining Up the Innovation Roadmaps 122 Designing Practical Innovation Strategies 126 Managing Between Extremes 129 Three Complementary Pairs of Roles 130 Chapter 7 Why Credible Leadership Matters 131 Do Not Hesitate to Be a Leader 134 Sometimes Getting Out of the Way Is the First Step to Achieving Innovation 137 Innovation Conundrum 139 Accelerating Innovation Through Partnerships 141 A Shifting Mindset 145 Leading Innovation and Driving Transformation 148 Managing the Merger of Culture and Technology 149 Two Tiers of IT Innovation in the Modern Global Enterprise 151 A Role Model for Innovation and Leadership 153 The Next Big Wave: IT Value Creation 156 Where Innovation Begins: Understanding the Goals and Objectives of the Business 157 The Four Dimensions of Continuous Innovation and IT Transformation 160 Building a Hybrid Platform for Continuous Innovation 162 Making the Case for Top-Down Innovation in the Enterprise 164 Avoiding the Emperor Has No Clothes Syndrome 165 Chapter 8 Leveraging Social Collaboration to Drive Innovation 169 Tangible Results Through Social Media 172 Embracing the Social Workforce 175 Putting Innovation in the Hands of Users 177 Innovation and Social Collaboration 180 Chapter 9 Living with Uncertainty 183 Keep Your Eyes on the B2B Internet 188 Trust, Freedom, and Responsibility: Keys to Transformational Leadership and Continuous Innovation 190 Key Traits of Innovative IT Leaders 192 Security Is Integral to IT Strategy 195 Maintaining Credibility: You Have to Know When to Get Down in the Weeds 196 Think Multiregional Before Committing to Global Markets 199 Walking the Talk 201 For Many Reasons, Now Is the Perfect Time to Be the CIO 203 Revisiting the Relationship Between Innovation and Entrepreneurship 205 The Emerging Ecosystem of Continuous Innovation and Transformation 210 A Historic Moment 212 Recommended Reading 215 Meet Our Sources 217 About the Author 297 About HMG Strategy, LLC 299 Index 301