For CIO Professionals

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	February 21, 2008 IT Can Help Accelerate Business Innovation Making Product, Business Model, And Process Change Sustainable by Bobby Cameron with Laurie M. Orlov, Alex Cullen, Tim DeGennaro	Average: 6  (2 ratings)

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Executive Summary

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.

TABLE OF CONTENTS

• CEOs And CIOs Want Innovation — But Words And Deeds Don't Match
• Accelerating Business Innovation Requires A Solid Foundation
• Building A Sustainable Innovation Pipeline Process

RECOMMENDATIONS

• CIOs: You Have A Role To Play

WHAT IT MEANS

• Are You And Your Firm Ready For Innovation?
• Related Research Documents

This is an excerpt