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Wharton School Publishing

Making Innovation Work

Innovation, as the authors note, has the power not only to fuel growth but "to significantly influence the direction of the industry."

Making Innovation Work: How to Manage It, Measure It, and Profit from ItIn Making Innovation Work: How to Manage It, Measure It, and Profit from It, the authors present a formal innovation process proven to work at HP, Microsoft, and Toyota, in helping ordinary managers drive top- and bottom-line growth from innovation. Authors Tony Davila, Marc Epstein, and Robert Shelton draw on their extensive innovation consulting experience — as well as a thorough review of innovation research. They show what works, what doesn't, and how to use management tools to dramatically increase the payoff from innovation investments. They explain how to define the right strategy for effective innovation; how to structure an organization to innovate best; how to implement management systems to assess ongoing innovation; how to incentivize teams to deliver, and much more. This book offers the first authoritative guide to using metrics at every step of the innovation process — from idea creation and selection through prototyping and commercialization. Innovation, as the authors note, has the power not only to fuel growth but "to significantly influence the direction of the industry."

Download the first chapter for free.

© 2008 The Wharton School, University of Pennsylvania