By Emeritus Professor Jean-Philippe Deschamps - August 2012
Managing innovation effectively involves mastering a number of processes – from idea generation to project management and commercialization – across functions, disciplines, or even companies. At the same time, it requires promoting a culture that channels creativity, stimulates entrepreneurship, and encourages teamwork. The role of top management is to combine “hard” business processes and “soft” people factors through an effective innovation governance system. Innovation governance is not a task that can be delegated to any single function – innovation is inherently cross-functional – nor is it one that can be delegated to the lower levels of the organization. I
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