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Organizing for innovation (Seeking radical, disruptive innovation (Make…
Organizing for innovation
Keep business units small
agile and fast moving
Task forces
look more deeply at problems, pressure to do the best and be creative
Skunk works
an autonomous group to develop product through early stages
Kaizen
Ongoing improvements. top management down---Focus on the process, not results
many small improvements
Reengineering
Risky and expensive
Good for when there is a strong threat from a changing environment
Radical change
Seeking radical, disruptive innovation
Make breakthrough innovations a strategic priority
Hire more creative people
Idea market: best ideas compete for funding
ambidextrous org
Use acquisitions, joint ventures, and alliances to bring innovation
participate in a corp. venture-capital fund or internal corporate venturing.