Mastering Innovation
‘Creating the Organizational Structures that Liberate People to Innovate’
Oct 17, 2019
Kaihan Krippendorff, CEO of Outthinker, discusses the value of innovating from within and describes the traits that characterize internal innovators. Topics include overcoming organizational inertia, the role of incentives in driving innovation, recognizing threats and opportunities for innovation, and the benefits of a dual degree program.
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Quick takeaways
- Internal innovation is key for established companies to adapt to new technologies and market disruptions.
- Creating a culture that supports risk-taking and empowers employees to navigate processes is crucial for driving innovation from within.
Deep dives
Breaking Organizational Inertia and Thriving Through Internal Innovation
In this podcast episode, the guest discusses the challenge faced by established corporations in terms of innovating and adapting to new technologies and market disruptions. While startups are often seen as the primary drivers of innovation, it is important to recognize that many significant innovations actually originate from within established companies. The first step to fostering internal innovation is to acknowledge that it is difficult but also recognize that being an entrepreneur has its own challenges and failure rates. By removing barriers and enabling internal innovators to overcome them, companies can increase the flow of internal innovation.
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