article thumbnail

What It Takes to Innovate Within a Corporate Bureaucracy

Harvard Business Review

Through sheer force of will (her passion was contagious and her research was solid) she enlisted 20 technical experts at the company, including a number of engineers who worked on their own time to help her advance the idea. Windham built an entire ad-hoc team at Stanley Black and Decker — product planners, executives, and engineers.

article thumbnail

6 Rules for Defense Start-Up Innovators

Strategy Driven

For years now, huge corporations such as British Aerospace Engineering and Raytheon have completely dominated the market and swooped in to poach promising innovators. Inventors and programmers have found themselves swallowed up in vast bureaucracies, working on projects that they feel morally uncomfortable on and with less than savory people.

Insiders

Sign Up for our Newsletter

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

article thumbnail

This Pharma Company Stays Innovative by Doing Two Things

Harvard Business Review

When one of us (Vivek) and his team launched Roivant Sciences in 2014 and began developing treatments for Alzheimer’s disease — they were determined to learn from the pharma industry’s innovation issues and build a more sustainable innovation engine.

article thumbnail

How IBM, Intuit, and Rich Products Became More Customer-Centric

Harvard Business Review

In response to the rapid advance of cloud computing, IBM’s software engineering groups embraced the Agile development method – with teams focused on incremental delivery of new capabilities every few weeks or months. To the engineers, the design thinking process seemed like a return to the Waterfall method. .”

article thumbnail

Warren Buffett's 2010 Shareholder Letter: What to Expect

Harvard Business Review

Buffett prefers to accept the visible costs of "a few bad decisions" than incur "the invisible costs of stifling bureaucracies." In 2009, for example, he reported that Berkshire's property-casualty insurance businesses — the company's growth engine — had goodwill or intangible value of $15.5

Letter 15
article thumbnail

6 Reasons Salespeople Win or Lose a Sale

Harvard Business Review

From a departmental perspective, under 20% of accounting and IT staffers want to be challenged, while 43% of the engineering department does. The fashion and finance verticals had the highest propensity to select the best-known, top-of-the-line product, while manufacturing and health care had the lowest. #4: The answer is yes.

Price 8
article thumbnail

Stop Focusing on Profitability and Go for Growth

Harvard Business Review

So, in real terms, debt financing is essentially free. 3M, for example, has long allowed engineers to devote 15% of their time to skunkworks projects, without supervisor approval.) Workers at these companies have the time they need to devote to creative work, free from excessive process and bureaucracy.

ROE 14