Innovation in the Enterprise
March 24, 2011 Leave a comment
One of the better reports on innovation in the enterprise was published by PWC, so I wanted to share a link to it and provide a few comments.
Generally speaking this report supports most of the claims we’ve made at Kyield during our applied R&D journey, including knowledge systems, the power of semantic search, an integrated systems approach to the innovation challenge, and what the role of the CIO should be, among others.
What I do not see discussed is the importance of meritocracy, although to be fair to PWC they discuss it elsewhere in detail; nor is there much discussion on the need to protect the ideas of the best and brightest in social environments, without which those ideas are likely to exit and become disruptive.
In the digital world, despite the needs of individual members of the ecosystem, one cannot (nor should not attempt to) silo innovation from crisis prevention or meritocracy, meaning also the need to embrace management of internal cannibalism. Let’s not forget our important lessons of the broader needs of the economy with respect to creative destruction, or we will indeed likely continue to see a continuation of jumping from one systemic crisis to another. So while they have done better than most revealed publicly, it does not appear that they have completely mapped the innovation genome.
That said, this report by PWC is worth serious time and reflection. Their domain is after all, like thousands of other market leaders, frequently found in our web logs.