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Leading a Culture of Innovation

LDRLB

All companies, whether they are successful with innovation or not, have one thing in common: they have their own “personalities.” This last week at the Front End of Innovation conference in Boston, I shared a presentation on the Strategies and Tools for Creating a Culture of Innovation. LEAPS Innovation Leadership Competencies.

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Leading for Innovation: Why Fighting Fires Burns Down the House

LDRLB

This is a guest post form Soren Kaplan. This one little question lies at the intersection of two big fields – leadership and innovation. Innovation today is as much about how you deliver value as it is about what it is you offer to the market. The other domain is leadership.

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Leading for Innovation: Why Fighting Fires Burns Down the House

LDRLB

This is a guest post form Soren Kaplan. This one little question lies at the intersection of two big fields – leadership and innovation. Whereas innovation used to be all about research & development, technology, and product or service innovation, what’s required for innovation today goes far beyond the traditional nuts and bolts.

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Performance Measurement

Strategy Driven

We talked extensively in this book about how accounting profits or profit growth as a sole performance metric doesn’t lead to value creation. It turned out that the unit was driving profits by raising prices and cutting marketing and advertising expenditures. So while profits were rising and ROIC was high, market share was declining.

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The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

The HBS team has been using Time-Driven Activity-Based Costing (TDABC), an approach initially proposed by one of us (Bob Kaplan) and Michael Porter, to help providers pursue the value-based delivery of care. Every Mayo value-improvement project tests one or more innovations for improving the value of care.

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