February 21, 2008
IT Can Help Accelerate Business Innovation
Making Product, Business Model, And Process Change Sustainable
This is the first document in the "Making Innovation Sustainable" series.
with Laurie M. Orlov, Alex Cullen, Tim DeGennaro
Executive Summary (This is a document excerpt)
Innovation has reached the level of near-meaningless cliché, with execs wishing they were engaged in more of it — even though these execs are unclear about what they want. For their part, CIOs want to create a greater role for IT in business innovation, but it's no longer appropriate for IT to have a separate IT-enabled definition. Why? Innovation is a company challenge, given that technology is increasingly embedded in every aspect of an enterprise. Instead, CIOs should work with their peers to adopt a five-step innovation pipeline process to accelerate the pace of innovation, including: invention and discovery; validation of viability; incubation and investment; implementation and commercialization; and monitoring, measurement, and reward.
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recommendations
WHAT IT MEANS
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Forrester interviewed 20 senior executives from such companies as Accenture, AT&T, Brooks Health, Capgemini, Con-Way, Dominic Barrow, Going Global Ventures, IBM, Kimberly-Clark, Konica-Minolta, Lionbridge, Merck, Security Benefit Group, Spectrum Health, and ZRG and experts from Carnegie Mellon University, the Harvard Business School, MIT Sloan School, Olin College, and the Society for Information Management. Related Research DocumentsMarch 22, 2006
November 3, 2005 June 17, 2004 |
CEOs And CIOs Want Innovation — But Words And Deeds Don't MatchFind Documents In Related CategoriesThis document falls under the following categories. Click on a link below to find similar documents.
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Original air date: Thursday, October 29, 2009
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