What prevents adoption of innovation best practice across business units?
In analyzing our benchmark dataset on innovation management practices, we discovered a pattern that challenges our assumptions about the deployment of innovation best practice: that there is far less transfer of innovation best practice across a company’s business units than we expected.
We have found statistically significant evidence that there is a high level of variation in the innovation management performance across different business units within a company and that this represents a significant increase in sales and EBIT contribution from new products.
Because replicating best practice across business units is fundamental to improving innovation performance, we seek to understand why this happens and how businesses and Innovation Excellence teams can improve sharing of good innovation management practices. Arthur D. Little is organising a reflection workshop with leading innovation excellence practitioners to explore:
1. How common is it to find that innovation best practices are not replicated across business units
2. What are the root causes for this lack of transfer of best innovation management practices?
3. What could be potential ways to overcome this?
As we are exploring the topic, we wish to encourage sharing and reflection. There will be an initial sharing by the discussants and we will then move to separate working groups to explore this in small teams. All participants can contribute to the discussions in the workshop so we are inviting innovation practitioners who have had experience of engaging in corporate innovation or who are interested in innovation excellence. We also welcome academics with a track record this area.
The final part of the webinar will be a session to share back the results of the group and a plenary discussion session. We will capture the reflections and share back suitably anonymised findings in a report to all participants.