Driving Growth
Through Innovation:
How Leading Firms Are Transforming Their Futures
Only companies that can consistently bring imaginative, value-adding
new products, services and value propositions to market will
survive and grow in today's rapidly-changing markets. Yet,
most companies today are frustrated by their inability to
turn ideas into profitable realities. Their "innovation
process" is almost an oxymoron. In reality it is ad hoc,
piecemeal, seat-of-the-pants - and heavily reliant on happy
accidents.
This is decidedly not the case at a small but rapidly-growing
group of companies. In Driving Growth Through Innovation,
acclaimed author and consultant Robert B. Tucker takes you
behind the scenes in 23 Innovation Vanguard Companies to benchmark
how they have revamped their innovation approach for growth,
profit and competitive advantage.
 |
| "Driving
Growth Through Innovation
is an excellent synthesis of innovation
best practices. It's also an accessible
primer for jump-starting innovation
initiatives at workplaces where there
are more ideas than actions." |
| Michael
Schrage, Co-director, MIT Media Lab's
eMarkets Initiative and author of Serious
Play |
|

Buy
this book |
| "At
a time when American companies desperately
need to capitalize on people's creativity
and discover new profit streams, Driving
Growth Through Innovation gives
us a roadmap for total enterprise transformation.
This book is destined to change how
companies achieve growth in the 21st
century." |
| Joyce
Wycoff, Cofounder, InnovationNetwork |
|
| "…a
very readable and enjoyable book. It
will stimulate your creative juices." |
| Glen
Nelson, MD, Vice Chairman of the Board,
Medtronic Corporation |
|
| "I
think you would profit by reading this
book." |
| Art
Fry, Inventor of 3M Post-it Notes® |
|
|
 |
|
Driving Growth Through Innovation doesn't just describe
their leading edge methods. It shows you, step-by-step, how
to map out and implement your own 21st Century Innovation
Blueprint that will enable you to win new customers, grow
revenue, and sustain the momentum.
You will learn how to:
- Design and implement an enterprise-wide innovation strategy
in your company
- Gain the edge by discovering and fulfilling unmet and
unarticulated customer needs
- Create a system to ensure that good ideas don't get lost
- or show up in the hands of competitors
- Discover product, process, and strategy ideas that have
the potential to become breakthroughs
- Sell ideas, internally and externally, and overcome obstacles
to achieve acceptance by users
- Involve everyone in the idea-to-implementation process
An Outline of Driving Growth Through
Innovation
Introduction:
What It Takes To Drive Growth
Five Principles for Driving Growth Through Innovation
- Innovation Must be Approached as a Discipline
- Innovation Must be Approached Comprehensively
- Innovation Must Include an Organized, Systematic, and
Continual Search for New Opportunities
- Innovation Must Involve Everyone in the Organization
- Innovation Must Be Customer Centered
Chapter
1: 21st Century Innovation
In this chapter, you'll see why the Growth Gap can't be closed
by traditional methods, how innovation can be categorized
by type and level, and how companies in the Innovation Vanguard
are transforming their futures via an all-enterprise approach
to innovation. Specific topics covered include:
- The Growing Growth Gap
- Why Traditional Methods Won't Close the Gap
- Innovation: Key Driver of Growth and Profitability
- Recognizing the Role of Innovation
- A Simple Definition of Innovation
- The Three Types of Innovation
- Why Not All Innovations Jumpstart Growth
- Radical Innovations
- Taking an All-Enterprise Approach
Chapter
2: Leading Innovation
In this chapter, the book focuses on the five essentials
that a firm's top managers must wrestle with if innovation
is to become an embedded, growth-driving process. These essentials
include:
- How to Design and Implement an Innovation Strategy
- The Need to Spreading Responsibility for Making Innovation
Happen
- Allocating Resources and Deciding on Levels of Risk
- Establishing Innovation Metrics
- Rewarding & Encouraging Innovation
Chapter
3: Creating the Culture
This chapter covers 11 Strategies for creating an Innovation-Adept
Culture.
- Assess Variance Between Present Climate and Optimum Climate
- Describe Your Organization's Barriers to Innovation
- Describe Your Current Innovation Process
- Address the "Lack of Time" Barrier
- Institute Practices that Create Openness
- Balance the Mix of People
- Identify Mavericks
- Improve or Change the System
- Examine Your Attitude Regarding Innovation and Individual
Contributors
- Identify and Develop Champions.
- Identify and Recruit Innovators.
Chapter
4: Empowering the Idea Management Process
This chapter will assist you and your organization in designing
and implementing an effective system that encourages, solicits
and channels ideas from throughout your organization. It explains
what an idea management system can do for your firm, and provides
you with eight distinct models of idea management, including:
- The Suggestion System Model.
- Continuous Improvement Model.
- The Open Door Model.
- New Venture Team Model.
- The Incubator/Skunkworks Model.
- The Top-Line, All Enterprise Model.
- The Innovation Tea m Model.
- The Innovation Catalyst Model.
Chapter
5: Mining the Future
Do you sometimes feel your organization is not looking out
ahead often enough, nor far enough? This chapter will arm
you with six powerful new ways to visualize the future of
your customers and overall market, and is based on research
into the methods at Innovation Vanguard companies. You'll
Learn to:
- Scan and Monitor the Sources of Opportunity
- Create Your Personal Future Scan System
- Integrate Future Scanning with your Idea Management System
- Assault Industry Assumptions
- Broaden your Company's Vision
- Strategize Your Place in the First Mover, Fast Follower
Race
Chapter
6: Fortifying the Idea Factory
What do you do after having immersed yourself in the future
to seek out potential breakthroughs? Most firms can stand
to improve this "fuzzy front end" of the innovation
process, and this chapter arms you with seven guidelines and
numerous case examples for how to go about it. Case examples
reported here show how a leading pharmaceutical firm, a global
financial services company, and a golf club manufacturer all
discovered breakthrough ideas by activating the creativity
of their employee base, by listening to "lead users,"
and delving more deeply into their customers' unarticulated
needs, wants and desires. You'll discover new ways to:
- Involve Everyone in the Quest for Ideas
- Involve Customers in your Ideation Process
- Involve Customers in New Ways
- Focus on the Unarticulated Needs of Customers
- Seek Ideas from New Customer Groups
- Involve Suppliers in Product Ideation
- Benchmark Ideation Methods
Chapter
7: Producing Powerful Products
This chapter provides you with an inside look at companies
that have redesigned their product development process to
drive growth. You will master six powerful methods you can
use to improve your firm's batting average with new products.
These include:
- Study Previous Breakthrough Products
- Focus Relentlessly on Value Creation throughout the Development
Process
- Design and Implement a New Product Development Process
- Use a Learning Strategy for More Radical Ideas
- Use Cross-Functional Teams
- Use Rapid Prototyping
Chapter
8: Generating Growth Strategies
This chapter makes clear that no matter how seemingly bulletproof
your firm's current business model, it will be challenged
by new ones. Therefore strategy innovation is just as important
as product or process innovation, and is first and foremost
an act of imagination: the ability to see how something could
work better from the customer's standpoint, in a way that
in turn profits the sponsoring firm. Master six powerful methods
of jump-starting the search for your next strategy breakthrough.
You'll learn to look for:
- Opportunities in Market Positioning
- Opportunities in Customer Outsourcing
- Opportunities in Understanding Customer Needs
- Opportunities to Reinvent your Business Model
- Opportunities to Redefine Value- Added
- Opportunities to Rethink How Your Product or Service
Gets Into the Hands of Customers
Chapter
9: Selling New Ideas
This chapter addresses the final, yet essential issue of
successful innovation: can you sell it? No matter how strong
an idea, you and your company must be equally skilled at convincing,
converting, cajoling and otherwise creatively "building
the buy in" for new ideas with employees, customers,
suppliers and other stakeholders. You'll master the seven
essentials of selling new ideas in the 21st century, including:
- Make Everyone an Idea Evangelist
- Focus on the Customer's Mean Time to Payback
- Make it Safe for Customers to Experiment
- Sell Conceptually
- Build Markets for Your Products and Services
- Convert the Early Adopters and Gatekeepers First
- Persistence in the Face of Setbacks
Chapter
10: Taking Action in Your Firm
This final chapter will help you further assess all the ideas
and strategies you've gained from reading this book and prioritize
the steps to take to implement them. You and a core team of
people will want to prepare an innovation initiative that
addresses each of the following key areas:
- Objectives
- Leadership and Metrics
- Culture
- Idea Management
- Future Mining / Ideation Capabilities
- Responsibilities and Timeline
- Deciding Where to Start
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