Innovation is garnering attention in the business media, but like crop storage in a grainery it has no value until somebody buys it. The companies are numerous that have come up with great ideas only to see somebody else turn them into business breakthroughs. Equally numerous are companies that are best described as arid innovation deserts. [...]
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The first imperative is to deliberately, consciously wean the organization from excessive control, the methods most executives learned and practice in their profession. The late Peter Drucker explained, “Because the modern organization consists of knowledge specialists, it has to be an organization of equals, of colleagues and associates. No knowledge ranks higher than another; each [...] Harvard Professor Rakesh Khurana, who teaches a doctoral seminar on management and is an expert on the CEO labor market, writes caustically that we should not be surprised at the rise of corporate malfeasance. He advocates rejuvenating intellectually and morally the training of our future business leaders. Khurana contends that university-based business schools were founded to [...] Companies hoping to capitalize on future advances in science and technology better learn how to leverage human intellect on multiple continents, according to a Silicon Valley CEO writing in Chief Executive Magazine. Michael Klayko, CEO of Brocade Communications Systems, a $1.2 billion data networking supplier, points out that R&D employment outside the U.S. by U.S. [...] |
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