In the current climate of economic upheaval, organizations are finding a much needed sense of direction and optimism in Nobel Laureate economist Paul Romer’s practical and instructive advice. His surprising message? The future is not as bleak as it seems. Romer, a New York University professor who pioneered the endogenous growth theory, is a former Chief Economist…
What makes a company culture “innovative?” We tend to think about the upsides of an innovative culture – the free spiritedness, tolerance for risk and failure – without considering where these qualities need to be checked and balanced. In his acclaimed Harvard Business Review article, “The Hard Truth About Innovative Cultures” (January-February 2019 cover), renowned innovation and…
What’s your growth strategy for 2020? Not every company can “be like Uber.” Bigger companies are more complex, which makes it more challenging to innovate. But not impossible. Big can be beautiful, says Gary Pisano, renowned Harvard Business School professor and the foremost authority on growth and innovation strategies for large firms and startups. Organizational progress…
Can large companies successfully innovate? The popular narrative is the bigger firms become, the less nimble and dynamic they are. Small startups are the disruptors, while big companies are doomed to being static and inflexible. But according to Gary Pisano of Harvard Business School, this is a myth: large businesses can be just as innovative as startups….
How does a company deal with constant innovation and disruption? The answer, says Dunkin’ Brands CEO Nigel Travis, is to embrace the “challenge culture.” Having been Chief Operations Officer at Blockbuster, Travis knows firsthand the risks of failing to anticipate imminent change and push back against the status quo. “The world used to seem static and…
