Innovation is the mainstay of sustainable competitive advantage and success in today’s fast-changing world of business. However can creativity in IT...
Author - Michael Schrage
A researcher at MIT, senior advisor to MIT's Security Studies Program and visiting professor at Sweden's Royal Institute of Technology, Michael explores the "behavioral economics" of modeling, prototyping and experimentation in shaping innovation investment in the enterprise. His current research interests include exploring emergent ‘perverse incentives' as organizations attempt to transform increased ‘technical capacity' into greater organizational capability. He helps oversee a joint Accenture/Yale Millstein Center research initiative on the role of technology in improving corporate governance. A former director of Ticketmaster, he has advised its parent InterActive Corp., a leading provider of online transaction services worldwide. He's been an advisor/consultant to organizations including Wells Fargo, Microsoft, Google, Fidelity/Devonshire Partners, Accenture, Intel, Siemens, HP, Mars, REI, AMP (Australia), BP, and BT. Michael has presented invited papers on innovation economics for the Chemical Sciences Board of the National Research Council and other professional associations. He performs non-classified work for the National Security Council, DARPA and the Pentagon's Office of Net Assessment on command, control and cyber-conflict management issues and helps supervise a CSIS Study Group researching complex systems design and acquisition for defence. A columnist for CIO magazine on IT implementation challenges and diffusion of innovation management for MIT's Technology Review magazine, he serves on the editorial advisory board of the Sloan Management Review. He has written on national security and business issues for The Washington Post, Financial Times, strategy+business, the Harvard Business Review, Sloan Management Review, Wired and other publications. Michael's book, "Serious Play: How the World's Best Companies Simulate to Innovate," was published by the Harvard Business School Press in 2000. His earlier wrote “Shared Minds: The New Technologies of Collaboration” [Random House 1990] was the first book to explore the intersection of media and methodologies for managing creative collaboration. Both books have been adopted as business school and undergraduate texts in America, Europe, Asia and Latin America.
Agility in an enterprise is defined as an ability to adapt to changes in business environment with minimal disruption of existing processes and in minimal time...