Innovation in Big Companies: Do they Lead or are they the Problem?
Innovation is seen as difficult in large organisations. Hierarchies, politics, the drive for quarterly revenue numbers often is seen as the roadblocks to building a truly innovative company. But, if not in the big company, then where? While small startups might have the idea generation power to come up with idea after idea, they lack the resources for implementation, and ideas without implementation are just dreams. I was interested to read Scott Anthony’s views on this in Bloomberg article recently. He maintains that companies looking for their own corporate catalysts should ask three critical questions:
- Do we take advantage of our global scale in a quest to identify up and coming talent?
- Does our internal environment support the work done by potential catalysts?
- As we as innovative in our approach to talent identification and development as we are in our efforts to develop new products and services?
- Friendships – who do people like
- Necessity – we need someone and we need them now to fill a role
- People promoting people like themselves
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