what single word best describes the biggest barrier to ... · innovation in your organization? 21%...
TRANSCRIPT
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© Copyright 2018 Innosight LLC 1
What single word best describes the biggest barrier to innovation in your organization?
21% 21% 21%
18%
9% 9%
Lack ofgovernance
system for core,adjacent & new
Strategy getsundermined by
day-to-daydecisions
Battle forresources
The right talent Lack of growthideas
Internal buy-in
What is the biggest barrier to innovation & transformation?% of respondents (n=33)
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© Copyright 2018 Innosight LLC 2
What single word best describes the biggest barrier to innovation in your organization?
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© Copyright 2018 Innosight LLC 3
What single word best describes the biggest barrier to innovation in your organization?
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© Copyright 2018 Innosight LLC 4
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C O M P A N Y S T R A T E G Y
INNOVATION 4.3% TSR PREMIUM
AGILE 84% PRODUCTIVITY GAIN
CREATIVITY 3.5XMORE LIKELY TO GROWFASTER THAN PEERS
RISK TOLERANT 19%BOOST ABOVE REVENUETARGETS
Sources: Bloomberg/BCG; Google, Adobe, Bain & Company
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© Copyright 2018 Innosight LLC 6
Scott Cook
Founder & Chairman of the Executive Committee
Intuit
Kathy Marinello
President & Chief Executive Officer
Hertz
A. Marc Harrison
President & Chief Executive Officer
Intermountain Healthcare
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© Copyright 2018 Innosight LLC 7
Create an evocative story and detail granular behaviors that
define the desired future state
Drive habit change with behavior enablers,
artifacts, and nudges (BEANs)
Have leaders show the way during project review meeting and
other highly visible moments
Use data to iterate towards the desired future
state of culture
DefineDesired Culture
1
ImplementBEANs
3
Role ModelDesired
Behaviors
4HardwireSupporting
Systems
5
Track & Measure
Progress
6
Reinforce in formal systems (e.g. KPIs, budgets) and key
processes (e.g. recruiting, training)
DIAGNOSEBlockers
2Zero in on the systems,
behaviors, and norms standing in the way of success
Culture of Innovation
SCALING A CULTURE OF INNOVATION
Culture of innovation: one in which the behaviors that drive innovation success come naturally
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© Copyright 2018 Innosight LLC 9
Behavior Enablers, Artifacts, and NudgesEngaging … Simple and fun, easy to adopt and remember
Consistent … linked to objectives, processes, systems and values
Tangible … pictures, wallet cards, physical reminders
Supported … how-to guides, checklists, training, coaches
Built to scale … able to track, measure and improve
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