Open Innovation and Strategic Leadership
Introduction
For most businesses, the concept of delivering innovative solutions is the key to provide sustainment to the strategic organizational to optimize business growth. The leadership role in developing growth is all about the design in the in the organizational structure, in which it can lead to an agile, flexible cultures the can support imaginative or lateral collaborations. Innovation is one of those terms that for most people agree that is positive and want more. However, the terms innovation and leadership goes hand and hand. Leadership concentrates on having a brighter future, so leaders are considered innovators. This paper will discuss two leadership models that support innovation in organizations, as well as a self-assessment on delivery and discovery skills.
Leadership Models
Open Innovation Networks
The open innovation model is a model the uses internal and external ideas, internal and external paths to business as organizations look to advance in their technology. “Ultimately, it a model that innovates with its partners to share both risks and rewards. The limitations between the organization and its environment have become more absorptive, meaning that innovations can be transferred inward and outward. (Kaplan & Winby)” The main concept behind the open innovation model is that organization cannot solely rely on its own research. However, they should purchase or patent inventions from other companies. Internal inventions that are not used in the organization should be outsourced through other companies. The model should go beyond the external foundations of innovation (i.e. colleges, customers, rival business etc.). Example of Open Innovation Network (Source: sciencedirect.com)
Proctor and Gamble has used this type of model in great success in the last ten years. “While most organizations uses their own R&D to drive innovation and growth, many Open Innovation supporters argue that the business logic has changed so that the
For most businesses, the concept of delivering innovative solutions is the key to provide sustainment to the strategic organizational to optimize business growth. The leadership role in developing growth is all about the design in the in the organizational structure, in which it can lead to an agile, flexible cultures the can support imaginative or lateral collaborations. Innovation is one of those terms that for most people agree that is positive and want more. However, the terms innovation and leadership goes hand and hand. Leadership concentrates on having a brighter future, so leaders are considered innovators. This paper will discuss two leadership models that support innovation in organizations, as well as a self-assessment on delivery and discovery skills.
Leadership Models
Open Innovation Networks
The open innovation model is a model the uses internal and external ideas, internal and external paths to business as organizations look to advance in their technology. “Ultimately, it a model that innovates with its partners to share both risks and rewards. The limitations between the organization and its environment have become more absorptive, meaning that innovations can be transferred inward and outward. (Kaplan & Winby)” The main concept behind the open innovation model is that organization cannot solely rely on its own research. However, they should purchase or patent inventions from other companies. Internal inventions that are not used in the organization should be outsourced through other companies. The model should go beyond the external foundations of innovation (i.e. colleges, customers, rival business etc.). Example of Open Innovation Network (Source: sciencedirect.com)
Proctor and Gamble has used this type of model in great success in the last ten years. “While most organizations uses their own R&D to drive innovation and growth, many Open Innovation supporters argue that the business logic has changed so that the
References: Legrand, C. & Weiss D. (2011) HOW LEADERS CAN CLOSE THE INNOVATION GAP received July 21, 2013 from http://www.iveybusinessjournal.com/topics/innovation/how-leaders-can-close-the-innovation-gap#.Uew7-9I3tx4 Hagel, J. (2013) Five Skills that Distinguish Innovators received July 21, 2013 from http://www.journalofaccountancy.com/Issues/2013/Jul/20137890.htm Kaplan, S. & Winby, S. (u.d.) Organizational Models for Innovation Organizational Designs that Support Strategic Innovation & Growth receive July 21, 2013 from http://www.innovation-point.com/Organizational%20Models%20for%20Innovation.pdf Dyer, Gregersen, & Christensen (2011) the Innovator 's DNA: Mastering the Five Skills of Disruptive Innovators, Harvard Business Press Books