How to Reinvent your Company
In this week's interview I learned that companies have a lifecycle just as products do. Companies need to reinvent themselves in order to survive. The cycle time is longer than products, sometimes measured in decades, and if companies do it well, they will not die out like so many do. Joanne Highland, of the rInnovation Group has cracked the code on getting companies to develop and execute an innovation strategy successfully.___________________________________________________________________________
Joanne Hyland is the Founding Partner and President of the rInnovation Group, an International Society for Professional Innovation Management (ISPIM) Advisory Board Member and former Vice President, New Venture Development, at Nortel Networks. There, she, with her innovation team, founded the internal venturing program, a multi-million dollar investment fund that led to 12 business start-ups, one of which reached a billion dollar exit in October 2008. Joanne is now working with major corporations to link new business development, venturing and innovation initiatives with strategy, systems, leadership and culture requirements to drive growth and corporate renewal. She is an accomplished innovation strategist, architect, orchestrator, implementation expert and co-author of Pivot: How Top Entrepreneurs Adapt and Change Course to Find Ultimate Success, (Wiley, October 2013). The rInnovation Group’s client list includes BASF, Bekaert, Bosch, Clariant, Danfoss, Evonik, Grundfos, HP, LM Wind Power, Moen, NOVA Chemicals, Novozymes, Shell, Tetra Pak and Vestas, among others. Joanne speaks regularly on topics related to innovation and corporate entrepreneurship and has been a member of the faculty or guest speaker in executive education programs at Babson College, DTU, MIT, Motorola University, RPI, Stanford University, the Tata Management Training Centre (TMTC) and the Industrial Research Institute. She is a featured executive in the book Radical Innovation: How Mature Companies Can Outsmart Upstarts, (HBS Press, 2000) and expert resource for Grabbing Lightning: Building a Capability for Breakthrough Innovation (Jossey Bass, 2008), Strategy + Business Magazine Innovation Award. She is a graduate of Concordia University in Montreal, Canada. For more information, please visit www.rinnovationgroup.com or contact Joanne directly at joanne.hyland@rinnovationgroup.com.___________________________________________________________________________Sponsor: This episode is brought to you by Sunflower Electrical Systems. Sunflower is a custom manufacturer of light electromechanical assemblies with a focus on wire and cable harnesses. But they also do wire preparation, complex sub-assemblies, and full turnkey products Sunflower allows its customers to reduce their total lower cost of ownership AND risk by: Reducing or eliminating inventoryOptimizing use of labor resourcesEliminating equipment, tooling or other capital costsAgile and flexible to meet their needsSunflower is very flexible and scalable to ensure complete customer satisfaction. Visit them at www.sunelecsys.com.
Notes:Rinnovation GroupJoanne's book ==> Intro Credit:Jason CarmanThe R and D Show Theme Music Credit:District Four Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 3.0 Licensehttp://creativecommons.org/licenses/by/3.0/