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Independent reporting – They were independent of core corporate functions like R&D, Marketing, and Business Development. They reported directly to the CTO. Focus on innovation not changing others – They were not expected to “make everyone innovative” or change company culture.
And this is precisely the problem that many companies are having in their efforts to collaborate with partners, share resources and knowledge, and create new products and services. For many business leaders — 85%, according to a recent Accenture survey — such openinnovation is critical to their strategic plans.
“When people come together with a common purpose anything is possible. Entrepreneurs are becoming increasingly empowered and the businesses they’re building have already torn down and transformed entire industries and you under estimate them at your peril.”.
“Evidence shows us that the 20 th Century Corporation is dying and that it’s being replaced by a new breed of Millennial Organisation that operates, scales and runs in an entirely new way. In order to compete tomorrow’s corporations will need to reinvent their operating model and embrace a Platform strategy.”.
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