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Innovation Inversion: A Conversation With Karim Lakhani

Innovation Inversion: A Conversation With Karim Lakhani

Confronted with today's challenges such as economic stagnation, environmental collapse, and soaring health care costs, most of us believe that the world needs game changing and sustainable innovation. While it is tempting to hope that we can innovate our way out of trouble, the elusive silver bullet of innovation requires a radical rethink of our ideas about its relationship with expertise.

It seems intuitive to call in the experts to solve tough problems, and so we look to our executives to organize teams of scientists and engineers to tackle problems. But in a world of exponentially increasing information ubiquitously connected across people and technology, this way of organizing may be backwards.

In an interview with with Harvard Business School Professor Karim Lakhani, Saj-nicole discusses this problem in the context of innovation inversion...

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Guidelines to Quality CEO Decision-Making

Guidelines to Quality CEO Decision-Making

Agile decision-making elevates the productivity of an organization. CEOs are not only challenged to quickly pass good judgment for themselves, but also develop the decision-making capabilities of their teams, expedite decisions that support corporate strategy and quickly build buy-in for final decisions. There are a number of guidelines CEOs may leverage to facilitate better decisions across the organization.

Delegate decision making, don't micromanage. Only inexperienced leaders make every decision large and small. CEOs should strive to only make the decisions that are critical to corporate strategy, resource allocation, hiring and firing- those that have a significant impact on the business. It is paramount to build a team that you can trust to accept responsibility for decisions. If they have the expertise and authority to handle a decision, don't allow them to dump it on you...

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