The business leader's guide to encouraging continuous innovation in any organization Innovation governance is a hot topic in the business world. In a fast-paced business environment, the ability of corporate leaders to build purpose, direction, and focus for innovation is more important than ever. In this book, the authors provide a framework for encouraging and focusing innovation by explaining what innovation governance is, the various models for governance and their advantages and disadvantages, how to assess and improve governance practices, and behavioral tactics for maximizing the effectiveness of governance. It offers guidance for everyone from the boardroom through senior management, illustrating effective governance models with real case studies from a range of companies in the United States and Europe. • Addresses an important yet underappreciated skill for CEOs, board members, and top management • Features real-world examples and case studies from a variety of business from around the world • Written by an author team with hands-on experience in the subjects of innovation management, organizational learning, innovation leadership, organizational behavior, and individual leadership and teamwork Innovation governance is a sadly neglected topic in many organizations. This book offers vital guidance and real-world experience for building innovation into any business from the top down.
FOREWORD ix PREFACE: WHY SHOULD WE PAY ATTENTION TO INNOVATION GOVERNANCE? xvii ACKNOWLEDGMENTS xxv PART I: ADDRESSING THE INNOVATION GOVERNANCE CHALLENGE 1 1 WHAT IS INNOVATION GOVERNANCE? 3 2 GOVERNING INNOVATION IN PRACTICE: THE ROLE OF THE BOARD OF DIRECTORS 31 3 GOVERNING INNOVATION IN PRACTICE: THE ROLE OF THE TOP MANAGEMENT TEAM 49 PART II: CHOOSING BETWEEN ALTERNATIVE GOVERNANCE MODELS 85 4 WHY FOCUS ON INNOVATION GOVERNANCE MODELS? 87 5 INNOVATION GOVERNANCE MODELS 107 6 WHICH MODELS SEEM TO WORK AND WHY? 135 PART III: LEARNING FROM THE FIELD 151 7 LEADING FROM THE TOP 153 Example 1 IBM s Innovation Governance Model: A Succession of CEOs Oversees Continuous Transformation 8 LEADING FROM THE TOP 173 Example 2 Corning s Innovation Governance Model: Two Executive Councils Execute Hands-on Governance 9 APPOINTING INDIVIDUAL INNOVATION CHAMPIONS 193 Example 1 Nestle s Innovation Governance Model: CTO in Partnership with Business Heads 10 APPOINTING INDIVIDUAL INNOVATION CHAMPIONS 223 Example 2 DSM s Innovation Governance Model: The Entrepreneurial CIO 11 SETTING UP A COLLECTIVE GOVERNANCE SYSTEM 247 Example Tetra Pak s Innovation Governance Model: High-level Cross-functional Steering Groups PART IV: DESIGNING YOUR OWN GOVERNANCE SYSTEM AND MAKING IT WORK 269 12 GETTING STARTED 271 How Michelin has Rethought its Governance Model 13 RECOGNIZING THE IMPERATIVES FOR AN EFFECTIVE GOVERNANCE SYSTEM 299 14 ALIGNING INDIVIDUAL AND COLLECTIVE INNOVATION LEADERSHIP 321 APPENDIX: EXAMPLES OF TASKS AND INITIATIVES TO SUPPORT INNOVATION 345 INDEX 351
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