Sunday, March 27, 2016

Week 11 Reading Reflection

Reading Reflection Week 11
“You Need an Innovation Strategy” Gary Pisano

1.       Surprising – I found it surprising that even huge companies such as Hewlett Packard or Yahoo really struggle with innovation. Pisano says that many companies fail to create and follow a plan.  Even companies that are pros at executing tasks can struggle if they do not have an effective innovation strategy. This strategy is a commitment to policies aimed at achieving a specific goal.  
2.       Confusing – Pisano says that companies are able to go through many well-thought processes such as dividing research and development into decentralized teams, pursuing external alliances, embracing open innovation and crowdsourcing. However, he says that sometimes even these intricate processes aren’t enough. I would think that they would be able to create fruitful innovation.
3.       Questions – I would ask Pisano, “What kind of specific changes are best for adopting a new innovation system?” “Does a change in an innovation affect all departments of a company?” “Because one size does not fit all, what is the best method to planning a custom made innovation plan?”

4.       Incorrect – As I am very unfamiliar with this topic, I did not find anything in this article that seemed incorrect. If anything, I would be interested in learning more about innovation, particularly how it affects the consumer. I find it fascinating how many consumers are caught up on having the next new thing and being willing to pay for it. 

No comments:

Post a Comment