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Leading the Epic Revolution: How CIOs Drive Innovation and Create Value Across the Enterprise



Leading the Epic Revolution: How CIOs Drive Innovation and Create Value Across the Enterprise

Hunter Muller

ISBN: 978-1-118-34047-9 June 2013 336 Pages

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A must-read leadership guide for CIOs and executives whose careers depend on creating value and growth through continuous innovation

Innovation is the hot topic. Everyone's talking about it, but there seems to be a lot of misperceptions about getting it done. Innovating for Growth and Value is aimed at CIOs and other technology leaders in the modern enterprise. This insider's guide to innovation presents repeatable processes, detailed methodologies, and robust frameworks for innovation and continuous transformation in today's fast-paced business environments. It provides actionable programs for developing and successfully executing profitable and repeatable innovation strategies.

  • Focuses on specific critical areas where innovation is imperative
  • Features real-world stories and revealing anecdotes
  • Presents interviews from international companies such as Netflix, IBM, Cisco, Boeing, Facebook, Intel, Microsoft, McKesson, Flextronics, and more

Without innovation, your company cannot compete and cannot survive. So the real question isn't whether to innovate or not. The real question is how to innovate and make innovation strategies work in the modern enterprise. Thoughtfully written and carefully researched, Innovating for Growth and Value grasps the central truth about innovation with a wealth of information made truly valuable for IT leaders and CIOs.

Foreword xi

Acknowledgments xvii

Introduction xix

Chapter 1 The Innovation Challenge 1

The Psychology of Innovation 6

An Expanding Range of Influence 7

Speed and Failure Are Essential in Continuous Innovation Strategies 8

Fail Fast and Fail Smart 10

The New Speed of Change 12

Focus on the Business Challenge, Not on the Technology 14

In the Modern Enterprise, True Innovation Takes Many Shapes and Forms 18

Chapter 2 Governance Trumps Process 23

Being a Leader of Innovation at an Innovative Enterprise 27

Great Companies Avoid the “Me Too” Syndrome When Innovating 29

Cycles of Innovation and Adoption 32

Good CIOs Are Leaders at All Stages of Innovation 34

From Enabler to Innovator: The Evolving Image of the CIO 36

Replacing Up and Down with Left to Right 38

Creating a Culture of Innovation 40

Converting Ideas into Successful New Products and Services 41

Chapter 3 Leveraging Multiple Skill Sets 45

Networking and Connecting 48

Overcoming Obstacles to Innovation 49

Two Types of Thinking 50

Overcoming Habits 51

Breaking Through and Moving Forward 53

Professor of Innovation 55

Leveraging the Cloud and Thriving on Innovation 57

Chapter 4 Accelerating Innovation 61

In the Modern Enterprise, IT Is the Backbone of Innovation 69

Underlying Principles of Innovation 72

A Practical Taxonomy of Innovation 73

The Mouse in the Maze 74

Managing Innovation Across the Enterprise 77

Eight Action Steps for Driving Innovation 79

Chapter 5 Innovation Begins with Business Strategy 85

The New Face of IT Executive Leadership 88

Improvisational Skills Can Elevate Innovation Leadership Capabilities 90

Blending Innovation and Operations 95

Innovating in the Battle Against Cancer 97

Focusing on Value Creation, Improved Margins, and Staying Ahead of the Trend Curve 99

Escaping the Pull of the Past 101

Chapter 6 Evolving Relationships Across the C-Suite 105

From Captain to Coach, from Controlling to Enabling 109

Connecting the Dots Between Innovation and Analytics 111

Digging Deeper into Big Data 115

Innovation in the Age of the Industrial Internet 118

Moving Toward the Customer 120

Lining Up the Innovation Roadmaps 122

Designing Practical Innovation Strategies 126

Managing Between Extremes 129

Three Complementary Pairs of Roles 130

Chapter 7 Why Credible Leadership Matters 131

Do Not Hesitate to Be a Leader 134

Sometimes Getting Out of the Way Is the First Step to Achieving Innovation 137

Innovation Conundrum 139

Accelerating Innovation Through Partnerships 141

A Shifting Mindset 145

Leading Innovation and Driving Transformation 148

Managing the Merger of Culture and Technology 149

Two Tiers of IT Innovation in the Modern Global Enterprise 151

A Role Model for Innovation and Leadership 153

The Next Big Wave: IT Value Creation 156

Where Innovation Begins: Understanding the Goals and Objectives of the Business 157

The Four Dimensions of Continuous Innovation and IT Transformation 160

Building a Hybrid Platform for Continuous Innovation 162

Making the Case for Top-Down Innovation in the Enterprise 164

Avoiding “the Emperor Has No Clothes” Syndrome 165

Chapter 8 Leveraging Social Collaboration to Drive Innovation 169

Tangible Results Through Social Media 172

Embracing the Social Workforce 175

Putting Innovation in the Hands of Users 177

Innovation and Social Collaboration 180

Chapter 9 Living with Uncertainty 183

Keep Your Eyes on the B2B Internet 188

Trust, Freedom, and Responsibility: Keys to Transformational Leadership and Continuous Innovation 190

Key Traits of Innovative IT Leaders 192

Security Is Integral to IT Strategy 195

Maintaining Credibility: You Have to Know When to Get Down in the Weeds 196

Think Multiregional Before Committing to Global Markets 199

Walking the Talk 201

For Many Reasons, Now Is the Perfect Time to Be the CIO 203

Revisiting the Relationship Between Innovation and Entrepreneurship 205

The Emerging Ecosystem of Continuous Innovation and Transformation 210

A Historic Moment 212

Recommended Reading 215

Meet Our Sources 217

About the Author 297

About HMG Strategy, LLC 299

Index 301