Turning the Principles into Action

Albert H. Segars

Chapter 10 in The Idea Chase:Seven Principles for Breakthrough Innovation, 2023, pp 223-254 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It is that place in the book where we put it all together. Let’s begin with why the book was written in the first place. The world is now a very different place and many of the things that have made it different had their beginnings before the great pandemic of 2020. The pandemic simply amplified and accelerated their impact. The age of know-it-all executives no longer exists. Digital media now amplifies, distorts, and accelerates the spread of information. Good ideas and bad ideas now travel faster and farther. People have never been more informed or more misinformed. Organizations and workplaces that seemed strong and predictable now look woefully weak and chaotic. There is a growing misalignment between the workforce and the “work” organizations have to offer. All of this creates a growing context for leaders that is “out of sample”. It is something that has not been experienced before. Yet, many solutions to these challenges are mistakenly crafted from prior “in-sample” experiences. Hiring people from underrepresented communities and simply placing them in an organization that is built for the majority is an example of an “in-sample” solution to an “out-of-sample” challenge. The same is true for hiring new college graduates who are aware of and accomplished at virtual work. Today, the workplace and work have a different meaning than they did five years ago. Organizations must transform and adopt modes of innovation to match new expectations, new systems of values, and new frontiers of possibility. However, to truly achieve it, leaders must first realize that they have not encountered this challenge before. It is often a mistake to frame a challenge and extrapolate solutions from what you have seen before. Incremental changes and approaches will likely fall short of the mark; breakthrough ideas are the path forward…

Keywords: Ideas; Innovation; Strategy; Management; Invention; Diversity; Inclusiveness; Discovery; Investment; Teamwork; Teambuilding; Breakthrough; Leadership; Creativity; Inspiration; Entrepreneurship; Design; Creation; Change; Transformation; Data; Analytics; Forecasting; Revelation; Disruption; Illumination; Synergy; Esprit de Corps; Risk; Project Management; Scenarios; Storytelling; Opportunity; Collaboration; Search; Pilgrimage; Goals; Objectives; Performance (search for similar items in EconPapers)
JEL-codes: L26 O3 O31 O32 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811267796_0010 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811267796_0010 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811267796_0010

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().