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Monday, May 26, 2008
Assessing efficiency of your internal innovation bazaar
Bringing Silicon Valley Inside: I read the paper “Bringing Silicon Valley inside” by Gary Hamel (HBR Sept-Oct 1999) after Prof. Krishnan mentioned it in his talk last week on “Efficiency vs. Innovation” at k-community meeting. Hamel and Valikangas have presented an extension of this work in the paper “Internal Markets: Emerging governance structures for innovation”. In this article, I present my understanding of the idea presented in the paper and also a tool for assessing your “internal innovation market”.
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Great stuff but there is a small catch..
ReplyDeleteI suggest do a ‘systems thinking’ approach to this before embarking on this. Many assume that we have the ‘fundamentals’ in place for the innovation market . Need to ensure that the ‘hygiene elements’ are in place, employees are ‘engaged’ in the workplace etc. There are good instruments used by HR folks to assess this – please do this … as many assume or are proud of their environment. Talk to employees of the six billion dollar firms in India – you will find the company pride missing (which was there couple of years back!) and you expect them to play in the idea market? foget it!..Net net go back to basics and get the house in order.
Tharun