This morning Vijay Govindarajan of the Harvard Business Review posted a fascinating blog on innovation entitled Reverse Innovation at Davos. The article examines how innovation in developing countries is contributing to unprecedented growth and what that means to their rich, developed counterparts. At the end of the piece Govindarajan challenges “Western multinationals” to begin to shift their focus, resources and power to these emerging markets suggesting that a failure to do so will result in missed opportunities.
This article reminded me of seeing Gary Hamel deliver a keynote at ASAE a few years back on “The Future of Management,” which focuses on the need for organizations (nonprofit and for-profit alike) to think and act differently in order to succeed. At the heart of his argument was the notion that organizations need to continually innovate and revisit their strategies through new and often very different lenses. This, he suggests, often means redesigning and challenging longstanding management models to accommodate for a new approach to doing business.
It’s been two years since I saw Hamel’s presentation but his message of “strategic renewal” and a belief that every member of every organization can play a role in “continually generating hundreds of new strategic options” has always stuck with me. With that in mind, and on the heels of a very enlightening piece from HBR, I found this presentation and thought I would share it for review. Comments on favorite slides are listed below the presentation.
*This presentation was put together by Mark Sniukas. His presentation can also be viewed here.
Slide 12 – Strategic Renewal – Over the past few months I’ve been involved in several board meetings where the teams have reviewed their strategic plans through an innovative lens. Meaning – they’re taking a look at the gaps in their plans to identify opportunities to develop new ideas, products, and processes. This, I believe, is a product of strategic renewal.
Slide 13 – I’m not crazy over the repetitive use of the word “strategic” but I do like the idea of rebooting. In my opinion you can reboot just about everything.
Slide 14 – “Continually generating hundreds of NEW strategic options” – this is great.
Slide 28 – Continually reinforce the belief that innovation can come from anyone.
Slide 40 – Amplify human imagination.
In this day and age everyone is afforded the opportunity to innovate. Leaders, teams and organizations alike should be taking full advantage of it.