Innovation in Companies
Making Innovation Work

There are no secret formulas when it comes to innovation – every company has to determine its own strategic path. Nevertheless, the way in which you combine strategy, processes, metrics, incentives and leadership is paramount.

Executive Summary
Innovating effectively within a company involves realizing that how you innovate determines what you innovate, the author argues. In this article, Prof. Dávila takes a look at the key elements in creating successful innovation “mixes:” networks, processes, measures, incentives and leadership, and explains why these areas need to be tailored to fit specific circumstances.

Companies often fall short in the area of innovation because they do not fully understand the relationships between these different dimensions. When this happens, only the company’s leadership is to blame.

PDF Full version