How Does Your Firm Structure Innovation Efforts?
That’s the question that McKinsey Global Research asked nearly 3000 executives across a range of company sizes and industries. They found that most organizations use multiple independent structures and they work best when fully integrated with strategy and are actively supported by the C-suite. The types of innovation structures firms are using include incubators, innovation centers, new business development functions, emerging business opportunities groups, emerging technology business groups and advanced technology institutes.
While there are no surprises in these findings it summarizes important information for anyone involved in designing innovation capabilities. It also clearly signals that the innovation imperative is alive at well at the executive level.
