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This is a world that tries to overcome the innovator’s dilemma by learning new things even when their current strength remains powerful. Now, however, we’re in a third-generation of the learning organization, with new technologies speeding up the rate at which we can both absorb new information and test our assumptions.
Last Monday, the Management Innovation Exchange announced the winners of the first MBA M-Prize, which I wrote about some months ago. Submitted by two HBS students, David Roth and Alka Tandon, it's called Late Night Pizza: Extending Hackathons Beyond Technology. That kind of initiative counts for a lot in life.
Rather than worrying about car companies copying their technology, Tesla now hopes they will do so, in order to expand the overall market for electric vehicles. In fact, it reflects a keen understanding of both innovation and talent. Access to the patents doesn’t ensure that a competitor can execute on an equally innovative product.
Even organizations that remain headquartered in other cities have set up innovation outposts there in the hope that high-tech silicon dust will rub off on them. Setting up innovation outposts in global technology clusters, such as Silicon Valley, Boston, and Tel Aviv, is highly popular among Fortune 500 corporations.
Codifiable knowledge — that which can be captured electronically without losing its meaning — can be stored on the web and shared with many, without the original author (professor) being involved in the sharing (teaching). We called it a codification strategy to knowledge sharing.
Further, algorithms cannot (yet, anyway) tap intuition — the soft factors that are not data inputs, the tacitknowledge that experienced managers deploy every day, nor the creative genius of innovators. Information & technologyTechnology' So what should managers, especially leaders, do?
But starting in the early 2000s, the advantages of scale were mostly eliminated, in large part because of globalization, deregulation, and the rise of digital technology. Become a remarkable capability innovator, designing and developing your own practices that give you prowess no one else matches.
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