Innovating at the Top

 

I came across one of good interviews on the book, “Innovating at the Top” by Soumitra Dutta. It is an interesting book which gives the perspective on various aspects of the Innovation from the CEO’s view point.

The webcast is available at http://knowledge.insead.edu/video/index.cfm?vid=173

 

Summary of the takeaways:

1. Top Management considers Innovation as part of their core responsibility
2. Organizations need to create Innovation Platforms for fostering innovation across the organization
3. Organizations need to overcome Myopia and become open to new ideas and possibilities
4. Organizations need to learn to collaborate while competing
5. Organizations need to overcome cultural barriers to Innovation

It is interesting to note that Innovation cannot be ignored during the recession period. This is important because an organization which becomes conservative and stop innovating may lose out once the good times arrive.

 

Cheers to the Innovators!