Innovation Engine: Driving Execution for Breakthrough Results

"Innovation Engine will help you build a climate and culture of innovation. A must–read for every serious executive desiring innovation as a daily habit in his or her organization and to drive innovation execution."
Vijay Govindarajan, coauthor of the New York Times and Wall Street Journal bestseller Reverse Innovation

Discover how to become a world–class innovator with the guidelines, tools, and techniques found in Innovation Engine

In today′s dynamic business environment, your business strategies are constantly adapting and evolving. For innovation to be successful, it must be linked to your current strategic intent, a unique direction for the company that will generate specific short–term and long–term value targets. Innovation Engine demonstrates how to implement a scorecard methodology around innovation in your organization to maximize your execution capability.

Emerging out of conversations with executives who have shared their innovation experiences and knowledge from companies including Microsoft, Yahoo!, Bristol–Myers Squibb, The Hartford, Prudential, Merck, Macy′s, AT&T, and Google author Jatin Desai draws on his thirty years of experience to provide you with the strategies, processes, tools, and behaviors to transform your company into an innovative enterprise.

Innovation Engine helps leaders and managers:

Create a business case for innovation and supporting innovation strategy linked to business vision and goals Accelerate innovation outcomes by reducing time–to–market Expand the idea landscape with solid insights about the future Build a pipeline of corporate innovators the key talent for future growth Balance profit, performance, and market differentiation Help create a world–class, engaged workforce

Learn how to complement your organization′s operational performance mindset with the innovation execution mindset, through the guidelines found in Jatin Desai′s Innovation Engine.

Preface xiii

Acknowledgments xv

Introduction 1

The New Duality: Performance Engine and Innovation Engine 1

Foresight 2

Getting Started 3

Barriers and Risk 4

The Game of Innovation 4

Innovation Scorecard 4

Driving Innovation 5

Notes 7

Part I Link Inn ovation to Business Strateg y 9

Chapter 1 Develop a Clear Innovation Intent 11

The Vision 11

The Seismic Shift 14

Mechanical Engine versus Innovation Engine 15

Strategic Alignment for Innovation 18

Why Innovation? 20

Innovation Execution: Embedding Innovation 31

Conclusion 33

Notes 34

Chapter 2 Assess Innovation Readiness 37

Reasons Why Executives Want Innovation 38

Innovation Readiness 42

Factors of the Innovation System and Culture 44

Leading Innovation 47

Notes 54

Chapter 3 Creating an Innovation Strategy 57

Innovation Strategy 57

Innovation Management 66

Defining Innovation 68

Defining Innovation Objectives and an Innovation Goal 69

Notes 71

Part II Devel op an Inn ovation Playbook 73

Chapter 4 Creating a Roadmap 75

Innovation Playbook 75

Notes 91

Chapter 5 Building Momentum 93

Momentum 93

Momentum Framework 95

Conclusion 109

Note 109

Part III Playing the Game111

Chapter 6 Structuring for Innovation 113

Components of Organizational Structure 114

Types of Organizational Structures 116

Planning Your Innovation Structure 120

Four Major Types of Innovation Structures 121

Core Innovation Team Structure 128

Conclusion 130

Note 131

Chapter 7 Innovation Management Process 133

Finding and Generating Ideas 134

Managing the Innovation Funnel 142

Implementing or Commercializing Ideas 154

Innovation Scorecard 158

Conclusion 158

Notes 159

Chapter 8 Building Intrapreneurs 161

Intrapreneurship and Intrapreneurs 162

Entrepreneurs and Intrapreneurs 166

Conclusion 185

Notes 189

Chapter 9 Sourcing Radical Ideas 191

The Path: How Ideas Travel 192

Case Study: Energy Market 194

Five Power Skills to Source Uncontested Ideas 197

Conclusion 210

Notes 210

Chapter 10 The One Secret about Innovation 213

Story of Silicon Valley 214

The One Thing 218

Playful Independence 218

Final Thoughts 224

Notes 227

About the Author 229

Index 231

JATIN DESAI has been active in leadership and operating roles since 1983 when he cofounded The DeSai Group. The DeSai Group provides innovation execution and management services to Fortune 1000 and Global 2000 companies in the United States, Europe, and India.