BUILDING INNOVATIVE COMPANY TO ACHIEVE HIGH PERFORMANCE.
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BUILDING INNOVATIVE COMPANY TO ACHIEVE HIGHPERFORMANCE MGMT 6520D (L1)Roger Chen Class 2 (June 29th, 2017)(Learning Summary/Requirements)1.We first discussed the Qualcomm’s case where the company run an innovative idea competition program to help the company innovate. The case on different lessons pertaining to building innovative company, including employees’ continuous roles in innovation projectsthey initiated, the managers’ (at Business unit) support to employees who initiated innovation projects, the organizational homes to incubate innovation projects, the acceptance of business units to innovation projects initiated outside of the BUs and the relationship between corporate R&D center and corporate innovation program (or gaining support from corporate R&D), etc. For companies that want to organizesimilar innovative idea competition, this case provides many good lessons on the design and running of such competition programs. 2.After the Qualcomm case, our class mainly focused on IBM’s innovation case, its Emerging Business Opportunity program. For this case, our first learning deals with “where to start” issue: for a company that wants to transform itself and to build company-wide innovation DNA, starting with appointing a strong leader (organizational owner) and forming a (small) leadership team is crucial to help the company start the innovation transformation journey. For IBM’s innovation program, we mainly discussed following lessons.(a). How to find and motivate leaders to lead various innovation projects. We discussed IBM’s learning and their practices pertaining these leadership issues. It is important to understand what IBM did, andthe reasons. (b). Funding to the innovation project. In order to get funding, what information/documents/preparation does IBM require innovation
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