Remove Finance Remove Innovation Remove P&L Remove Technology
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Why Your Company Should Use the Kickstarter Model to Innovate

Harvard Business Review

If you''ve got a genuinely creative idea — or even a " me, too with a twist " — Kickstarter''s "crowd funding" platform offers a genuinely innovative way to finance creativity and innovation. They''re creative and/or innovative efforts appealing to creatives and innovators. It''s exciting. I''d say not.

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4 Ways Leaders Can Get More from Their Company’s Innovation Efforts

Harvard Business Review

A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm. Even if executives try to prioritize it, innovation often gets crowded out by more “urgent” short-term pressures.

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How to Fix the Most Soul-Crushing Meetings

Harvard Business Review

Any standing meeting, whether it’s of a departmental leadership team, a cross-functional group owning a process like innovation or talent management, or a task force managing a six-month transition to a new technology, should be designed and linked to a broader governance plan.

P&L 13
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Bring Back the General Manager

Harvard Business Review

Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, human resources, and more. Finally, carve out innovation incubators that will serve not only to build new businesses but also to grow general managers.

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Why Verizon's iPhone Could Be Good for AT&T

Harvard Business Review

They do this by building consumer P&Ls through cross-functional teams across marketing, sales, supply chain and finance, much like some companies have built account and product P&Ls. Redbox, the innovator whose DVD dispenser machine rents DVDs for $1 per day, had also grown quite rapidly.

P&L 14
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The Rebirth of the CMO

Harvard Business Review

To stitch it all together meaningfully, CMOs are increasingly expected to act as general managers with P&L or shared/shadow P&L responsibility that drive revenue growth. Says Abi Comber, Head of Marketing for British Airways: “Having P&L responsibility is incredibly powerful.

P&L 10
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The Big Picture of Business – The Book of Acronyms

Strategy Driven

Technology cannot take the place of human communication… only may add to it. The person who commits to a path of professional development never stops achieving… and profitably impacts his-her business relationships. Language is food for the mind. Browse a dictionary, and you create new ideas.

P&L 56