Innovation is a mandatory task of today's IT shops. But that doesn't make it easy. How to innovate well is a problem that leaders must repeatedly face. For some (lucky) organizations, that's where Michael Schrage comes in. Co-director of the MIT Media Lab's e-Markets Initiative, senior adviser to MIT's Security Studies Program and former CIO columnist, he is well-known as a thought leader on the subject of innovation. He sat down with CIO.com's Editor-in-Chief Brian Carlson to talk about corporations' aversion to change, why risk is an inherent part of innovation, and how rapid prototyping can help companies better manage the risk of innovation.
Business must constantly evolve and change. This involves assumed risk. The trick is to minimize risks by making solid determination of outcomes through proper planning and project management - with delivery of true solutions in capturing new and evolving markets, in updating and introducing products, and in retooling through appropriate reinvestment - all while mounting best practice in capturing best returns on investment.
I like to pass along things that work, in hopes that good ideas make their way back to me. As CIO, I look for ways to help my business and IT teams further their education. Check your local library: A book that is required reading is "I.T. WARS: Managing the Business-Technology Weave in the New Millennium." It also helps outside agencies understand your values and practices.
The author, David Scott, has an interview that is a great exposure: http://businessforum.com/DScott_02.html -
The book came to us as a tip from an intern who attended a course at University of Wisconsin, where the book is an MBA text. The first four chapters address change, and it has deep treatments on Security, Content Management, Acceptable Use, and many other business-IT concerns.
In the realm of risk, unmanaged possibilities become probabilities – read the book BEFORE you suffer an unanticpated outcome.
by John Franks (not verified) on 11/18/08 at 12:08 pm |reply
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
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Surviving Windows is easier than you think… MKS offers the power of an integrated all-in-one environment and provides you with the Power of UNIX on Windows Learn More
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Change - Innovation - and Assumable Risk
Business must constantly evolve and change. This involves assumed risk. The trick is to minimize risks by making solid determination of outcomes through proper planning and project management - with delivery of true solutions in capturing new and evolving markets, in updating and introducing products, and in retooling through appropriate reinvestment - all while mounting best practice in capturing best returns on investment.I like to pass along things that work, in hopes that good ideas make their way back to me. As CIO, I look for ways to help my business and IT teams further their education. Check your local library: A book that is required reading is "I.T. WARS: Managing the Business-Technology Weave in the New Millennium." It also helps outside agencies understand your values and practices.
The author, David Scott, has an interview that is a great exposure: http://businessforum.com/DScott_02.html -
The book came to us as a tip from an intern who attended a course at University of Wisconsin, where the book is an MBA text. The first four chapters address change, and it has deep treatments on Security, Content Management, Acceptable Use, and many other business-IT concerns.
In the realm of risk, unmanaged possibilities become probabilities – read the book BEFORE you suffer an unanticpated outcome.