article thumbnail

Innovation's Nine Critical Success Factors

Harvard Business Review

The strategy is fuzzy, and traditional metrics can't be applied early in the process, because that which is truly new has no frame of reference nor benchmark. Autocratic decision-making fails to engage all of the critical stakeholders, while consensus sinks every decision to its lowest possible common denominator.

article thumbnail

Calculate How Much Your Company Should Invest in Innovation

Harvard Business Review

To get everyone to agree on a realistic goal, we suggest picking a year far enough in the future that people feel safe discussing what needs to happen by that time but not so far away that uncertainty about technological or market developments would render a discussion meaningless. You can also use publicly available industry benchmarks.

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 To Really Measure a Company's Innovation Prowess

Harvard Business Review

MIT Technology Review didn't pick a winner, but on its recent list of top 50 "disruptors," the magazine mixed stalwarts such as General Electric and IBM with up-and-comers, Square and Coursera. Part of the problem is there isn't a clear consensus on what marks an innovative company. The editors of Fast Company say Nike.

article thumbnail

Six Strategy Insights RIM's New CEO Can Use

Harvard Business Review

Trend lines, market sizing, and competitive benchmarks that served companies well during periods of gradual market evolution do little good in industries where new technologies create seismic shifts, demand is uncertain, and rivals emerge from left field. Yet in turbulent times this is dysfunctional.

article thumbnail

How To Really Measure a Company's Innovation Prowess

Harvard Business Review

MIT Technology Review didn't pick a winner, but on its recent list of top 50 "disruptors," the magazine mixed stalwarts such as General Electric and IBM with up-and-comers, Square and Coursera. Part of the problem is there isn't a clear consensus on what marks an innovative company. The editors of Fast Company say Nike.

article thumbnail

Why Polling Is Always Political

Harvard Business Review

By the same token, anyone following the intense — and intensifying — arguments around oversampling would likely come to the not unreasonable conclusion that there's zero consensus around "best practice" and quite a bit of legitimate disagreement around how much to weight the past.