Success can be a killer for innovation, organizational guru Tom Peters told the InformationWeek 500 conference this week. It's from failure that we learn the most valuable lessons.
Companies also need to make innovation a continuous, ongoing process - in both good times and bad. Unfortunately, the ability to innovate declines with experience, maturity and success: "As an organization ages, it draws lessons from what's worked in the past and applies them to the future. It will draw the most lessons from past successes, leaving it particularly ill-equipped to deal with the challenges that don't mirror past conditions."
Full article here
Slides from Tom Peters' presentation at TomPeters.com. (scroll down the right hand column to the category "Tom's Slides" and then click on the event slides for "InfoWeek September 11".)
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