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To find new solutions. But when they do, who is responsible? (Tuck School of Business), Interviewed Year Month Day Reading Time: Minutes Topics Innovation Leadership Workplace, Teams, and Culture Innovation Strategy Project Management Collaboration Frontiers MIT program explores how technology is reshaping the practice of management. For more content in this series, subscribe and share. What to read next. Top 10 articles of the year: Two decades of open innovation. Add cybersecurity expertise to your boardroom. What managers should be asking about AI models and data sets in innovation ecosystems. As our world becomes increasingly interconnected.
There are fewer independent innovations and initiatives. New markets require multi-party collaboration to form, and companies need to form cooperation networks with investors, suppliers, complementors and even customers. Innovating in such an ecosystem brings a new set of challenges to organizations and their leaders. Ron Adner is the David McLaughlin Professor of Strategy at the Tuck School of Job Function Email List Business and author of "Wide Angle Lens: What Successful Innovators See What Others Miss" (, ), which he has been researching for more than two decades. Ecosystem strategy. Back then, digital tools brought everyone in business and innovation closer together. But even as networks become more complex, the right business response can be elusive.
Adena said organizations struggle to take advantage of new technologies and effectively manage relationships with allies, competitors and peers. In "Wide Angle Lens," Adena writes, In some ways, ecosystem challenges can simply be viewed as traditional project management challenges. The key difference, he argued, is how the boundaries of actors and their roles are drawn and defined. Often there is no agreement on who is the project manager, and key participants may not even know they are part of the project. In an interview with MIT Sloan Management Review, Adena said that while many collaborative efforts are hampered by leadership issues, it is possible to effectively manage these challenges and introduce new ideas. Let's start with the basics.
There are fewer independent innovations and initiatives. New markets require multi-party collaboration to form, and companies need to form cooperation networks with investors, suppliers, complementors and even customers. Innovating in such an ecosystem brings a new set of challenges to organizations and their leaders. Ron Adner is the David McLaughlin Professor of Strategy at the Tuck School of Job Function Email List Business and author of "Wide Angle Lens: What Successful Innovators See What Others Miss" (, ), which he has been researching for more than two decades. Ecosystem strategy. Back then, digital tools brought everyone in business and innovation closer together. But even as networks become more complex, the right business response can be elusive.
Adena said organizations struggle to take advantage of new technologies and effectively manage relationships with allies, competitors and peers. In "Wide Angle Lens," Adena writes, In some ways, ecosystem challenges can simply be viewed as traditional project management challenges. The key difference, he argued, is how the boundaries of actors and their roles are drawn and defined. Often there is no agreement on who is the project manager, and key participants may not even know they are part of the project. In an interview with MIT Sloan Management Review, Adena said that while many collaborative efforts are hampered by leadership issues, it is possible to effectively manage these challenges and introduce new ideas. Let's start with the basics.