article thumbnail

Innovation Execution

Coaching Tip

They are built to be performance engines. A well-run performance engine is the master of many challenges. Innovation requires experimentation: the performance engine demands efficiency. Innovation sometimes fails; the performance engine struggles to forgive. How Good Are You in Managing Office Politics?

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. His life was set. He decided to leave Phillips to commit to the cause of fighting blindness — a risky decision for a 43-year old. Further Reading. Add to Cart.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How The Coronavirus Is Transforming Innovation

The Horizons Tracker

Certainly the pandemic has spurred innovation and we’re delighted to see the adoption of some digital health solutions at a faster pace,” says Leslie Harris, Managing Director of EIT Health UK-Ireland. Tuck Business School’s Vijay Govindarajan underlines how important our ability to forget is to innovation.

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

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.