cio
Innovation Inputs - IBM CEO Study
Filed in archive Management by prashanth on June 9, 2006
Innovation Inputs - IBM CEO Study

Just started reading IBM's Global CEO Study 2006, Which is a compilation of information gathered through 765 in-depth interviews with CEOs around the world. Below are some of the excerpts from the same:

Fully 65 percent of chief executives and other leaders say they will have to make fundamental changes in their businesses over the next two years. New products and services remain a priority, but they're placing increasing emphasis on differentiating themselves through innovation in the basics of their business models. They believe that external collaboration across their business ecosystems will yield a multitude of innovative ideas.

Reevaluate your preconceptions about innovations: based on some of the following inputs:

- Business model innovation matters. Competitive pressures have pushed business model innovation much higher than expected on CEOs' priority lists.

- External collaboration is indispensable. CEOs stressed the overwhelming importance of collaborative innovation - particularly beyond company walls. Business partners and customers were cited as top sources of innovative ideas, while research and development (R&D) fell much lower on the list.

- Innovation requires orchestration from the top. CEOs acknowledged that they have primary responsibility for fostering innovation.

Considerations that can help organizations sharpen their own innovation agendas:

- Think broadly, act personally and manage the innovation mix - Create and manage a broad mix of innovation that emphasizes business model change.

- Make your business model deeply different - Find ways to substantially change how you add value in your current industry or in another.

- Ignite innovation through business and technology integration - Use technology as an innovation catalyst by combining it with business and market insights.

- Defy collaboration limits - Collaborate on a massive,geography-defying scale to open a world of possibilities.

- Force an outside look...every time - Push the organization to work with outsiders more, making it first systematic and, then, part of your culture.

Source: THE IBM GLOBAL CEO STUDY 2006

Prashanth Rai



Permalink: Innovation Inputs - IBM CEO Study
Tags: IBM  Innovation 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/24023
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Innovation Inputs - IBM CEO Study:

  • Currently 7.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.00 out of 2 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!