Summary of Are Your Innovations Taking Off?

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Are Your Innovations Taking Off? summary
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Rating

7

Qualities

  • Applicable

Recommendation

Many people talk and write about innovation – but too often the concept is relegated to words instead of actions. In this report on innovation in the manufacturing sector, the PA Consulting Group offers “six levers” that provide applicable advice on how to make innovation part of your company culture. getAbstract recommends this report to business leaders interested in creating an innovation-friendly environment.

About the Author

PA Consulting Group is an employee-owned organization specializing in management and technology consulting.

 

Summary

Manufacturers are spending considerably more time and money on creating innovation than they have in the past. However, for the majority of companies, investment in innovation hasn’t paid off. Many projects fizzle out or fail to produce financial benefits.

To turn creativity into profit, companies must modify their organizational structures and change how they think about innovation. Use “six levers” to boost innovation:

  1. “Build internal fluidity” – Facilitate clear communication, collaboration and speed. Be willing to abandon tiered organizational...

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