what single word best describes the biggest barrier to ... · innovation in your organization? 21%...

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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 of governance system for core, adjacent & new Strategy gets undermined by day-to-day decisions Battle for resources The right talent Lack of growth ideas Internal buy-in What is the biggest barrier to innovation & transformation? % of respondents (n=33)

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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)

  • © Copyright 2018 Innosight LLC 2

    What single word best describes the biggest barrier to innovation in your organization?

  • © Copyright 2018 Innosight LLC 3

    What single word best describes the biggest barrier to innovation in your organization?

  • © Copyright 2018 Innosight LLC 4

  • 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

  • © 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

  • © 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

  • © 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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