Presentation Outline ï‚—Introduction ï‚—General overview of innovation ï‚—Defining a strategy for innovation ï‚—Development of infrastructure and innovation processes ï‚—Establishing an innovation fostering culture ï‚—Analyzing the success of innovation ï‚—Identifying outcome lessons and success factors ï‚—Conclusion
Introduction ï‚—International Business Machine Corporation (IBM) is a world-known organization in the sector of computer systems and microelectronics. ï‚—The company invents, manufactures and develops services such as information technologies, system software and storage technology. ï‚—The headquarters of the company is located in Armonk, New York (High, 2012).
GENERAL OVERVIEW OF INNOVATION ï‚—Defining Innovation ï‚—Organizational Structure for Innovation ï‚—Innovation Funding
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DEFINING A STRATEGY FOR INNOVATION ï‚—Innovation Strategy ï‚—Key Stakeholders of the Innovation Strategy ï‚—Innovation Project Selection ï‚—Factoring Competitive Environment in Innovation
DEVELOPMENT OF INFRASTRUCTURE AND INNOVATION PROCESSES ï‚—Organizational Model and Innovation ï‚—Role of Research in Innovation ï‚—External Partnerships ï‚—Project Management
DEVELOPMENT OF INFRASTRUCTURE AND INNOVATION PROCESSES ï‚—Nourishing Creativity and Innovation ï‚—IBM Research ï‚—Ecosystem (open to external constituencies) ï‚—Innovation Processes
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DEVELOPMENT OF INFRASTRUCTURE AND INNOVATION PROCESSES ï‚—Technology Enablers ï‚—Internal Alignment
ESTABLISHING AN INNOVATION FOSTERING CULTURE ï‚—Innovation Culture and Environment ï‚—Role of Learning, Training, and Education in Innovation ï‚—Innovation Failure Philosophy
ESTABLISHING AN INNOVATION FOSTERING CULTURE ï‚—Incentive/Reward Programs ï‚—Gaining Leadership Support ï‚—Balancing Innovation and Efficiency
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ANALYZING THE SUCCESS OF INNOVATION ï‚—Managing and Tracking Innovation Investments ï‚—Evaluating the Success of Innovation ï‚—Innovation Measures ï‚—Cycle Time
IDENTIFYING OUTCOME LESSONS AND SUCCESS FACTORS ï‚—Decisive Success Factors for Encouraging and Sustaining Innovation ï‚—Barriers to Innovation ï‚—Future Plans for Innovation ï‚—Key Advice
Conclusion ï‚—IBM is among the market leaders of the world in terms of computer, software, storage, and microelectronics. ï‚—The culture of the organization varies extensively due to its firm belief in innovation. ï‚—Incorporation of innovative business ideas to the operational practices of the organization helped in validating the proposed objectives of the business.
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Recommendations ï‚—In order to exploit the technological integration opportunities, IBM is suggested to enter the alliances with other firms (Field, 2013). ï‚—IBM is also recommended to diversify their business in different sectors to spread and reduce the risk factor (Field, 2013).
References ï‚—Field, A., 2013.Discovering statistics using IBM SPSS statistics. sage. ï‚—High, R., 2012. The era of cognitive systems: An inside look at IBM Watson and how it works.IBM Corporation, Redbooks.