11 | 2004
In This Issue:
| It’s Serendipity Innovation is a necessity, but we have no clue about how to plan or control it. The best we can do is announce challenges and goals, set up an environment that invites creativity, then foster collaboration, provide resources, and pray for the breakthrough ideas to show up. It’s Old-Fashioned Hard Work Innovation is a conscious strategic choice. Delivering innovation requires the same amount of discipline and responsibility as any other business activity. Without proper planning and rigorous risk management, all we can achieve is to innovate ourselves out of the market. |
"Innovation as mere potential is insufficient — in a business environment, it has to become a hard fact, a change delivered, a product or service that is available to customers."
- Borys Stokalski, Guest Editor
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Innovation is a risky proposition. While at times it can lead to spectacular success (e.g., Google, PCs), at other times the results can be disastrous (e.g., Microsoft Bob). Some of us obsessively look for the Next Big Thing, while others firmly stick to the adage "follow, do not lead." How can we master the delicate balance between attempting the new and perfecting the current? Between reinventing and reengineering? Join Guest Editor Borys Stokalski for a debate on the key issues surrounding IT-based innovations. Discover the single greatest reason that 70%-80% of new product development projects fail — and find out how your team can "plan to get lucky."
