Grabbing Lightning: Building a Capability for Breakthrough Innovation

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Overview

Praise for Grabbing Lightning

"Starting and growing radically new businesses inside the firm is something all large companies struggle with—nobody has completely broken the code. But through active observation and study of a range of firms, including IBM, over a multiyear period, this team has surfaced and codified important insights that help pave the way. While there is not one standard solution, there are valuable lessons presented that ease the pain when 'grabbing lightning.'"
—Mike Giersch, vice president of strategic planning, IBM Corporation

"Innovation that brings results—that's what we all want! Building on their work with many leading ...

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More About This Book

Overview

Praise for Grabbing Lightning

"Starting and growing radically new businesses inside the firm is something all large companies struggle with—nobody has completely broken the code. But through active observation and study of a range of firms, including IBM, over a multiyear period, this team has surfaced and codified important insights that help pave the way. While there is not one standard solution, there are valuable lessons presented that ease the pain when 'grabbing lightning.'"
—Mike Giersch, vice president of strategic planning, IBM Corporation

"Innovation that brings results—that's what we all want! Building on their work with many leading companies, the authors bring great insights to innovation. While there is no easy formula for success, many elements are explored. Their view is systemic and recognizes the various stages of innovation and new business creation. This book is brimming with ideas and concepts helpful to all of us who take on this exciting challenge of harnessing the creative to deliver breakthrough results."
—Angela Biever, vice president, Intel Capital; managing director, Consumer Internet Sector, Intel Corporation

"Everybody wants innovation to be part of their culture. Grabbing Lightning offers a practical path to spark and then institutionalize innovation."
—Beth Eckenrode, vice president, AST Business Development and Licensing, Nova Chemicals

"The authors provide a compelling account of how leading companies organize for better innovation results. Every company committed to improving its innovation performance would do well to study this book carefully."
—Henry Chesbrough, author, Open Innovation and Open Business Models; adjunct professor, University of California Berkeley's Haas School of Business

"In Grabbing Lightning, the authors have articulated a clear blueprint for building and sustaining rigorous innovation capability within an existing company. This articulation is particularly credible because it is based on extensive study of innovation companies."
—Mark Newhouse, senior vice president and director, new business development, Corning Inc.

Product Details

  • ISBN-13: 9780787996642
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 2/25/2008
  • Edition number: 1
  • Pages: 368
  • Sales rank: 1,220,427
  • Product dimensions: 6.30 (w) x 9.27 (h) x 1.24 (d)

Meet the Author

Gina C. O'Connor is associate professor of marketing at Rensselaer Polytechnic Institute's (RPI) Lally School of Management and Technology. She currently serves as the director of the executive M.B.A. program and is also the academic director of the Radical Innovation Research Program.

Richard Leifer is an emeritus professor at the Lally School of Management and Technology at Rensselaer Polytechnic Institute.

Albert S. Paulson is Gilbreth Chaired Professor in the Technologies of Management at RPI and chief investment officer at Purshe Kaplan Sterling Investments.

Lois S. Peters is associate professor, past-director of the Ph.D. program, and current director of the Center for Science and Technology Policy at Lally School of Management and Technology at RPI.

Table of Contents

Preface     ix
Introduction     xv
Management Systems for Innovation     1
Assessing Your Organization's Capacity for Breakthrough Innovation     23
The Discovery Competency     51
Incubation: The Long and Winding Road     81
Acceleration: Gathering Steam and Building Critical Mass     117
The DNA Innovation System     151
Incorporating the DNA: The Role of the Orchestrator     185
Getting Started: Initiating and Maturing an Innovation Management System     215
The Innovation Function     259
Companies Participating in the Breakthrough Innovation Research Study     275
Assessing Your Firm's Breakthrough Innovation Competency     279
Notes     305
Acknowledgments     315
About the Authors     319
Index     323

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