McGrath: Finally, Build the system

We are now at the end of Rita Gunther McGrath’s 6 step consultation process to build an “innovation factory”. The last step is to build the support structure around the “proof of concept. In other words, to institutionalize the innovation procedures that the consultant has introduced.

What are the elements of that support structure? Well, they may include

  • specialized teams that focus on the various stages of innovation, including ideation, discovery and incubation
  • IT systems to connect people in new ways  (she likes the Cognizant innovatoin management system)
  • budgeting

That’s it! Simple to understand but not easy to do. Next we will be taking a look at the mindset and leadership of companies facing transient advantage

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