In this short video, Scott Anthony of Dartmouth College and Fiona Murray of MIT’s Sloan School of Management take on the question of whether you should be specific about which departments or groups should be responsible for different types of innovation.
“Research shows that the most innovative function… is the procurement function, because they’re exposed to the market and [they see] lots of different things,” says Scott Anthony, Clinical Professor at Dartmouth College’s Tuck School of Business and Managing Director at Innosight. “You do want to be very clear [about your] innovation agenda — this is who you think should be working on each thing, these are what the guardrails are, etc., [but] you also want to have a little bit of looseness to it. If you have a group that is targeted with doing incremental work, that has an awesome idea to really go and transform a market, you don’t want that to get lost.”
This is the eighth video in our series on “Defining Your Terms.”