Innovation Governance

The business leader's guide to encouraging continuous innovation in any organization Innovation governance is a hot topic in the business world. In a fast-paced business environment, the ability of corporate leaders to build purpose, direction, and focus for innovation is more important than ever. In this book, the authors provide a framework for encouraging and focusing innovation by explaining what innovation governance is, the various models for governance and their advantages and disadvantages, how to assess and improve governance practices, and behavioral tactics for maximizing the effectiveness of governance. It offers guidance for everyone from the boardroom through senior management, illustrating effective governance models with real case studies from a range of companies in the United States and Europe. Addresses an important yet underappreciated skill for CEOs, board members, and top management Features real-world examples and case studies from a variety of business from around the world Written by an author team with hands-on experience in the subjects of innovation management, organizational learning, innovation leadership, organizational behavior, and individual leadership and teamwork Innovation governance is a sadly neglected topic in many organizations. This book offers vital guidance and real-world experience for building innovation into any business from the top down.

The business leader's guide to encouraging continuous innovation in any organizationInnovation governance is a hot topic in the business world. In a fast-paced business environment, the ability of corporate leaders to build purpose, direction, and focus for innovation is more important than ever. In this book, the authors provide a framework for encouraging and focusing innovation by explaining what innovation governance is, the various models for governance and their advantages and disadvantages, how to assess and improve governance practices, and behavioral tactics for maximizing the effectiveness of governance. It offers guidance for everyone from the boardroom through senior management, illustrating effective governance models with real case studies from a range of companies in the United States and Europe.* Addresses an important yet underappreciated skill for CEOs, board members, and top management* Features real-world examples and case studies from a variety of business from around the world* Written by an author team with hands-on experience in the subjects of innovation management, organizational learning, innovation leadership, organizational behavior, and individual leadership and teamworkInnovation governance is a sadly neglected topic in many organizations. This book offers vital guidance and real-world experience for building innovation into any business from the top down.

FOREWORD ixPREFACE: WHY SHOULD WE PAY ATTENTION TO INNOVATIONGOVERNANCE? xviiACKNOWLEDGMENTS xxvPART I: ADDRESSING THE INNOVATION GOVERNANCE CHALLENGE11 WHAT IS INNOVATION GOVERNANCE? 32 GOVERNING INNOVATION IN PRACTICE: THE ROLE OF THE BOARD OFDIRECTORS 313 GOVERNING INNOVATION IN PRACTICE: THE ROLE OF THE TOPMANAGEMENT TEAM 49PART II: CHOOSING BETWEEN ALTERNATIVE GOVERNANCE MODELS854 WHY FOCUS ON INNOVATION GOVERNANCE MODELS? 875 INNOVATION GOVERNANCE MODELS 1076 WHICH MODELS SEEM TO WORK AND WHY? 135PART III: LEARNING FROM THE FIELD 1517 LEADING FROM THE TOP 153Example 1 - IBM's Innovation Governance Model: ASuccession of CEOs Oversees "ContinuousTransformation"8 LEADING FROM THE TOP 173Example 2 - Corning's Innovation Governance Model:Two Executive Councils Execute Hands-on Governance9 APPOINTING INDIVIDUAL INNOVATION CHAMPIONS 193Example 1 - Nestlé's Innovation GovernanceModel: CTO in Partnership with Business Heads10 APPOINTING INDIVIDUAL INNOVATION CHAMPIONS 223Example 2 - DSM's Innovation Governance Model: TheEntrepreneurial CIO11 SETTING UP A COLLECTIVE GOVERNANCE SYSTEM 247Example - Tetra Pak's Innovation Governance Model:High-level Cross-functional Steering GroupsPART IV: DESIGNING YOUR OWN GOVERNANCE SYSTEM AND MAKING ITWORK 26912 GETTING STARTED 271How Michelin has Rethought its Governance Model13 RECOGNIZING THE IMPERATIVES FOR AN EFFECTIVE GOVERNANCESYSTEM 29914 ALIGNING INDIVIDUAL AND COLLECTIVE INNOVATION LEADERSHIP321APPENDIX: EXAMPLES OF TASKS AND INITIATIVES TO SUPPORTINNOVATION 345INDEX 351