Author Archives: Luis Solis
How relevant is Trust in enterprise innovation? Let’s piece together an answer with the help of some field research. Three of five executives at this year’s Front End of Innovation Summit in Boston shared one reason for attending: “I am looking for ways to create a culture of innovation…we are just not there yet!” Eli Lilly’s CEO John Lechleiter recently set forth a compelling case for why America’s innovation gap is broadening, and some powerful ideas about how to address the Gap. Among the key reasons for “the gap”: extreme innovation entails risk-taking, mid-to-long term experimentation periods, and knowledge sharing. In recent research where I conducted a survey on the role of Trust in innovation, more than 72% of respondents rated “trust issues” as a major obstacle to the free flow of intellectual capital at their organizations. In other words, for numerous reasons from compensation and job security to …
Whether accidental or intentional, all enterprises drive innovation with an organization model that has significant consequences for participation, results, breakthrough improvements or even initiative failure. What should you do to get the model right for your enterprise? Indeed, the substance of innovation consists of value-add contributions – be they product driven, service driven, market driven or business model driven. But to achieve the substance of innovation an enterprise must design the proper form of organization that is most likely to achieve desired outcomes. There is no best practice ideal organization: culture, communications, power distribution and human resource considerations are just some of the variables which will dictate what is right and what is wrong. Ask yourself the following ten questions regarding how your …
