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Business Transformation Consultants
Eliminating barriers to growth |
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Successful Innovation – business leaders show how
Innovation supports organic growth, which translates to the bottom line and improved share price.
With an impressive display of statistics, demonstrating consistent delivery of organic growth, once again leaders from successful businesses confirmed that getting the basic elements right is key to their success.
As Phil Smith, VP Technology & Marketing, Cisco Systems told the Thames Valley Innovation Conference 2007 (Reading, 16 October 2007), “all companies need innovation to survive”. The question for many, however, is how do you get innovations to market – smarter, better, faster?
Smith provided the following insights from Cisco:
• Cisco cultural values support innovation
• Collaboration with others is important, since many of the best ideas may be generated outside the company
• A supportive structure ensures the profile of innovation and delivery of results – Cisco uses councils to drive the company and manage the business on a very specific basis
• A clear innovation model ensures a continuous cycle of refresh, renew, repeat
• New innovation for new markets is supported by a rigorous process
Kevin Dillon, Chief Executive, Acision, also confirmed his company’s:
• Leadership to the next generation technologies through having a clear vision of the industry
• Development of products with customers to ensure that “our goals are our customer’s goals”
• Use of a disciplined process to ensure mitigation of risks and successful delivery
Dr Tim Jones, Principal, Innovaro, shared common traits evident form his company’s Innovation Leaders 2006/7 Analysis (www.innovationleaders.org):
• Strategic focus – on the role of innovation and the impact it will have on their markets and business
• Insight – all leaders have an excellent understanding of their markets, customers and emerging technologies that guide their innovations
• Collaboration – work with others to combine capabilities to deliver the products and services for which there is a customer need
• Process – all leaders have an effective, robust innovation process
• Organisation – roles and responsibilities for innovation are clear, within the overall organizational context
At businesskeys™ we have long recognized the need to get these vital elements in place in our ‘Five Keys to Business Success’ approach. Contact us now if you would like help to transform your processes and achieve technology leadership.
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