Structure Your Global Team for Innovation

Harvard Business Review

Many firms struggle to exploit the innovation potential of their global networks. That's partly because they manage global projects like traditional ones. But single-location projects draw on a reservoir or shared tacit knowledge and trust that global projects lack. Here are three ways to set up and manage global innovation for success: 1. Companies that are smart about global innovation create an explicit role for senior executives in their projects.

Structure Your Global Team for Innovation

Harvard Business Review

Many firms struggle to exploit the innovation potential of their global networks. That's partly because they manage global projects like traditional ones. But single-location projects draw on a reservoir or shared tacit knowledge and trust that global projects lack. Here are three ways to set up and manage global innovation for success: 1. Companies that are smart about global innovation create an explicit role for senior executives in their projects.

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Even in a Digital World, Globalization Is Not Inevitable

Harvard Business

globalization is seen as a political hot potato rather than a hot ticket to prosperity. This populist backlash reminds us that the rewards of globalization are not evenly distributed, and as a result there has been some questioning of the idea that borders should be open to trade — as well as concerns about what might happen instead. Despite this shift, a significant number of experts continue to believe in the virtually unlimited potential of globalization.

How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business

According to a recent McKinsey Global Institute report , the number of people in the global labor force will reach 3.5 The result is likely to be intensified global competition for talent. My five-year study of the global workforce at Rakuten, the Japan-based e-commerce powerhouse, gave me a close-up look at what will drive success for this new type of global worker. Prior to 2010, Rakuten had been a multilingual global company. Photo by Christine Roy.

How Corporate HQ Can Get More from Innovation Outposts

Harvard Business

Setting up innovation outposts in global technology clusters, such as Silicon Valley, Boston, and Tel Aviv, is highly popular among Fortune 500 corporations. Most of the absorbed knowledge — local contacts and relationships, intelligence, insights, and so on — left with them. The tacit knowledge should be codified and shared through formal processes and protocols to avoid the risk that valuable information absorbed by the outpost doesn’t reach the mothership.

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Your Whole Company Needs to Be Distinctive, Not Just Your Product

Harvard Business

But we are also regularly reminded of the lack of true differentiation in most mainstream global companies — and of the opportunities they are thus squandering. The heart of differentiation therefore is your company’s ability to develop and promote distinctive products, services, and branded experiences on a consistent basis. Large companies found themselves competing against a much larger group of rivals, and a more global group, than ever before.

IAM 44