A must-read leadership guide for CIOs and executives whose careers depend on creating value and growth through continuous innovation
Innovation is the hot topic. Everyone's talking about it, but there seems to be a lot of misperceptions about getting it done. Innovating for Growth and Value is aimed at CIOs and other technology leaders in the modern enterprise. This insider's guide to innovation presents repeatable processes, detailed methodologies, and robust frameworks for innovation and continuous transformation in today's fast-paced business environments. It provides actionable programs for developing and successfully executing profitable and repeatable innovation strategies.
Focuses on specific critical areas where innovation is imperative
Features real-world stories and revealing anecdotes
Presents interviews from international companies such as Netflix, IBM, Cisco, Boeing, Facebook, Intel, Microsoft, McKesson, Flextronics, and more
Without innovation, your company cannot compete and cannot survive. So the real question isn't whether to innovate or not. The real question is how to innovate and make innovation strategies work in the modern enterprise. Thoughtfully written and carefully researched, Innovating for Growth and Value grasps the central truth about innovation with a wealth of information made truly valuable for IT leaders and CIOs.
Foreword xi
Acknowledgments xvii
Introduction xix
Chapter 1 The Innovation Challenge 1
The Psychology of Innovation 6
An Expanding Range of Influence 7
Speed and Failure Are Essential in Continuous Innovation Strategies 8
Fail Fast and Fail Smart 10
The New Speed of Change 12
Focus on the Business Challenge, Not on the Technology 14
In the Modern Enterprise, True Innovation Takes Many Shapes and Forms 18
Chapter 2 Governance Trumps Process 23
Being a Leader of Innovation at an Innovative Enterprise 27
Great Companies Avoid the "Me Too" Syndrome When Innovating 29
Cycles of Innovation and Adoption 32
Good CIOs Are Leaders at All Stages of Innovation 34
From Enabler to Innovator: The Evolving Image of the CIO 36
Replacing Up and Down with Left to Right 38
Creating a Culture of Innovation 40
Converting Ideas into Successful New Products and Services 41
Chapter 3 Leveraging Multiple Skill Sets 45
Networking and Connecting 48
Overcoming Obstacles to Innovation 49
Two Types of Thinking 50
Overcoming Habits 51
Breaking Through and Moving Forward 53
Professor of Innovation 55
Leveraging the Cloud and Thriving on Innovation 57
Chapter 4 Accelerating Innovation 61
In the Modern Enterprise, IT is the Backbone of Innovation 69
Underlying Principles of Innovation 72
A Practical Taxonomy of Innovation 73
The Mouse in the Maze 74
Managing Innovation Across the Enterprise 77
Eight Action Steps for Driving Innovation 79
Chapter 5 Innovation Begins with Business Strategy 85
The New Face of IT Executive Leadership 88
Improvisational Skills Can Elevate Innovation Leadership Capabilities 90
Blending Innovation and Operations 95
Innovating in the Battle Against Cancer 97
Focusing on Value Creation, Improved Margins, and Staying Ahead of the Trend Curve 99
Escaping the Pull of the Past 101
Chapter 6 Evolving Relationships Across the C-Suite 105
From Captain to Coach, from Controlling to Enabling 109
Connecting the Dots Between Innovation and Analytics 111
Digging Deeper into Big Data 115
Innovation in the Age of the Industrial Internet 118
Moving Toward the Customer 120
Lining Up the Innovation Roadmaps 122
Designing Practical Innovation Strategies 126
Managing Between Extremes 129
Three Complementary Pairs of Roles 130
Chapter 7 Why Credible Leadership Matters 131
Do Not Hesitate to Be a Leader 134
Sometimes Getting Out of the Way is the First Step to Achieving Innovation 137
Innovation Conundrum 139
Accelerating Innovation Through Partnerships 141
A Shifting Mindset 145
Leading Innovation and Driving Transformation 148
Managing the Merger of Culture and Technology 149
Two Tiers of IT Innovation in the Modern Global Enterprise 151
A Role Model for Innovation and Leadership 153
The Next Big Wave: IT Value Creation 156
Where Innovation Begins: Understanding the Goals and Objectives of the Business 157
The Four Dimensions of Continuous Innovation and IT Transformation 160
Building a Hybrid Platform for Continuous Innovation 162
Making the Case for Top-Down Innovation in the Enterprise 164
Avoiding "the Emperor Has No Clothes" Syndrome 165
Chapter 8 Leveraging Social Collaboration to Drive Innovation 169
Tangible Results Through Social Media 172
Embracing the Social Workforce 175
Putting Innovation in the Hands of Users 177
Innovation and Social Collaboration 180
Chapter 9 Living with Uncertainty 183
Keep Your Eyes on the B2B Internet 188
Trust, Freedom, and Responsibility: Keys to Transformational Leadership and Continuous Innovation 190
Key Traits of Innovative IT Leaders 192
Security is Integral to IT Strategy 195
Maintaining Credibility: You Have to Know When to Get Down in the Weeds 196
Think Multiregional Before Committing to Global Markets 199
Walking the Talk 201
For Many Reasons, Now is the Perfect Time to Be the CIO 203
Revisiting the Relationship Between Innovation and Entrepreneurship 205
The Emerging Ecosystem of Continuous Innovation and Transformation 210
A Historic Moment 212
Recommended Reading 215
Meet Our Sources 217
About the Author 297
About HMG Strategy, LLC 299
Index 301
