Remove Development Remove Engineering Remove Govindarajan Remove Management
article thumbnail

Negotiating Innovation and Control

Harvard Business Review

Vijay Govindarajan and Chris Trimble suggest that companies can consciously manage the balance between the "performance engine" (that minimizes mistakes) and the "discovery team" (that encourages experiments) by being clear about what core capabilities should be forgotten and borrowed. Visualize an airlock chamber on a ship.

article thumbnail

Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

Your current business is the performance engine. What’s missing from the managerial toolkit is a way for managers to allocate their—and their organization’s—time and attention and resources on a day-to-day basis across the competing demands of managing today’s requirements and tomorrow’s possibilities.

article thumbnail

3 Entrepreneurs Who Made It Their Mission to Lower Health Care Costs

Harvard Business Review

Vijay Govindarajan Ravi Ramamurti. In 2012, Dinesh Seemakurty, a bio-medical engineering student at University of Southern California was visiting India. Dinesh’s grandfather developed complications between the checks and passed away. His life was set. Further Reading. Innovation & Entrepreneurship Book. Add to Cart.