11 Corporate Habits That Kill Your Company’s Innovation Engine

"Big companies have great execution habits to manage and improve proven and successful business models and value propositions. But those execution habits can easily kill any potential new growth engines inside the corporation. In this post we break down the 11 corporate habits killing your company’s innovation engine. How are you avoiding them?

Bad Habit #1: The current business model dominates the agenda

In most companies the future suffers at the expense of the present. Companies are great at improving their existing business model and value propositions, but fall short when it comes to inventing entirely new business models, value propositions, and growth engines. In fact, by the time a company realizes it needs to reinvent itself for future success, it’s often too late. This happens because managing the present often takes oxygen away from inventing the future. Rita McGrath, a Columbia Business School professor says, “there’s pleasing today’s customers and there’s developing tomorrow’s business.” You need to be excellent at both..." Read more

Alexander Osterwalder Strategyzer 10 Oct 2016