unit three- (mgt 6103)

Managing Innovation

MBA 6103Unit 3Innovation as Strategy

Building an Innovative Organization• Craft a shared vision, leadership and the will to innovate

• Utilize appropriate organizational design/structure

• Recruit and train key individuals

• Develop effective teams

• Encourage high-involvement

• Foster a creative climate

• Maintain an external focus

The Competing Values Framework

Leadership Roles - CVF

Traits of an Effective Leader• Bright, alert and intelligent

• IQ vs. EQ

• Seeks responsibility and takes charge

• Skilled in task domain

• Administratively and socially competent

• Energetic, active, and resilient

• Effective communicator

Traits of High-Performing Teams• Clearly defined tasks and objectives

• Strong team leadership

• Synergy and balance of roles to match skills/behavioral style

• Effective conflict resolution processes

• Key liaisons within organization• Intrapreneurs• Sponsors• Climate Makers• Idea Generators

Creativity Killers• Dominance of restrictive vertical relationships (operating in silos)

• Poor/non-existent lateral communications

• Limited tools and resources

• Top-down dictates

• Formal bureaucracies for change

• Culture of inferiority

• Unfocused innovation activities

• Lack of accounting/finance support

Idea Generation – Mindmap Examples