article thumbnail

The CEO's Frugal Innovation Agenda

Harvard Business Review

In sum, CEOs need a frugal innovation agenda. Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. Carlos Ghosn isn't the only CEO spearheading the frugal innovation revolution. Create incentive systems for salespeople to sell frugal products.

CEO 15
article thumbnail

Private Equity Can Make Firms More Innovative

Harvard Business Review

And a recent working paper out of the Dusseldorf Institute for Competition Economics ( DICE ), a think tank of sorts, focuses on the latter by exploring whether leveraged buyouts (LBOs) make firms more innovative. PE investors don’t typically invest in firms known for innovation. ” There were other limitations.

LBO 8
Insiders

Sign Up for our Newsletter

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

article thumbnail

The CEO's Frugal Innovation Agenda

Harvard Business Review

In sum, CEOs need a frugal innovation agenda. Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. Carlos Ghosn isn't the only CEO spearheading the frugal innovation revolution. Create incentive systems for salespeople to sell frugal products.

CEO 8
article thumbnail

A New Model for Innovation in Big Companies

Harvard Business Review

Increasing creativity and innovation is not only on the priority list for start-ups; it’s also a strategic goal for CEOs of small, medium, and large-sized companies. As companies grapple with long odds on innovation like these, they are also looking for ways to improve the likelihood of their intrapreneurial success.

article thumbnail

Have a Real Impact; Keep Your Day Job

Harvard Business Review

Some innovative and determined professionals working in world's largest and most complex corporations are choosing to stay put and use their corporate platforms to lead change. We watch as they work around institutional constraints and build a network of colleagues who are eager to help. Take James Inglesby at Unilever, for example.

article thumbnail

Thriving in the Reimagined Workplace

Harvard Business Review

Companies that can build and protect strong cultures that foster diversity, collaboration, and innovation, while supporting work-life balance and flexibility, will clearly gain the competitive advantage. This is a fundamental shift in thinking about the workplace: Offices are becoming more open and walls are coming down.

article thumbnail

Stop Focusing on Profitability and Go for Growth

Harvard Business Review

Finally, in earnings call after earnings call, we hear CEOs describing one or two bets — at most — on growth, and devoting most of the time to showcasing the results of restructuring, offshoring and other cost-focused initiatives. Companies that encourage innovation take steps to overcome these organizational obstacles.

ROE 12