FASH 445 Lecture 9: HBR Article- Innovation- the Classic Traps
22 Feb 2019
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Article name: hbr article: innovation: the classic traps. What are 5 interesting facts or take-aways that you gleaned from this article: strategy: widen the search, broaden the scope. When looking to demonstrate high levels of innovation and success, you need to be willing to try new things. More success requires more opportunities for risk which my entail failing but keep trying: process: add flexibility to planning and control systems. By creating this free space for spontaneity, you are not boggled down or limited. This brings a larger range for transformative ideas that can open new opportunities: structure: facilitate close relationships between innovators and mainstream business. When companies are too focused on just the product or profit, growth can be stifled, and problems arise. This kind of control doesn"t allow for growth and opportunity recognition: skills: select leadership and interpersonal skills and surround innovators with a supportive culture for collaborations.
