How can companies stay innovative? Read the three secrets that allows companies to perpetually create innovation.

1. Ability to stay innovative
Hazem Abolrous

2. Why do we have to die?
No longer useful
No Potential
Irrelevant

3. Do businesses die?

4. Courtesy of
http://www.adizes.com

5. The rules are nearly identical for
businesses and people
but …there is a twist

6. Businesses
Can extend youth

7. Three components for perpetual adolescence
1. Great People
• A soul (leader) – Representing and shaping the culture inside out
• People – Great and relevant talent. Relevancy changes
• Organizational complexity – Keep it simple
2. Enabling Infrastructure
• Communication – Help people express ideas and find others
• Process – Minimal and meaningful process
• Tools – Helpful and complementary tools (an end-to-end complementary system)
3. Learning culture
• Experimentation – Short and rapid iterations with small tasks
• Reward innovation – Reward those who add “value” to customers and company
• Security and autonomy – Allow people to fail and learn from their failure

8. M&A - An innovation arm
• Acquisitions are a great arm for innovation whether to acquire talent, technologies, or competitive advantage
• Can be a challenge to integrate and realize value
Company
Total # of acquisitions How many years acquiring? Average numbers per year?
Google
143
12
Cisco
165
20
Facebook
42
6
IBM (Modern)
150
23
Microsoft
162
27
Oracle
90
19
eBay
45
14
Apple
54
25
12
8
7
7
6
5
3
2
Information obtained from Wikipedia

9. "Everything that is really great and
inspiring is created by the individual
who can labor in freedom."
Albert Einstein - 1938

10. Companies that reinvented themselves
Google
Gun Powder
Search
Apple
1st Personal computer
DuPont
GE
LG
The Gap
Toyota
Xerox
Nintendo
Records
Playing Cards
Microsoft
Server and Desktop Software
Nokia
Rubber Boots
IBM
American Express

11. Businesses can stay youthful
for a long time and rejuvenate