Abstract
| Original language | English |
|---|---|
| Journal | Global Business and Organizational Excellence |
| Volume | 35 |
| Issue number | 5 |
| Pages (from-to) | 58–70 |
| Number of pages | 12 |
| ISSN | 1932-2054 |
| DOIs | |
| Publication status | Published - 2016 |
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Innovation Hub How-To : Lessons From Silicon Valley. / Berger, Andreas; Brem, Alexander.
In: Global Business and Organizational Excellence, Vol. 35, No. 5, 2016, p. 58–70.Research output: Contribution to journal › Journal article › Research › peer-review
TY - JOUR
T1 - Innovation Hub How-To
T2 - Lessons From Silicon Valley
AU - Berger, Andreas
AU - Brem, Alexander
PY - 2016
Y1 - 2016
N2 - Firms around the world are eager to replicate the successes of enterprises that have established innovation labs in California's Silicon Valley. An analysis of four leading US companies that have set up idea incubators in the Valley—Xerox, Apple, Google, and Cisco—point to eight factors for success in establishing an innovative environment: carefully considering the decision to set up such a center, hiring the right people, designing a framework for effective output, creating a buffer from bureaucratic distractions, securing a leader to champion the effort, focusing on business outcomes, fostering disruptive over incremental innovation, and being patient. Regardless of where an innovation hub is established, the key to success lies in hiring creative, intrinsically motivated staff and then giving them the freedom to do what they do best.
AB - Firms around the world are eager to replicate the successes of enterprises that have established innovation labs in California's Silicon Valley. An analysis of four leading US companies that have set up idea incubators in the Valley—Xerox, Apple, Google, and Cisco—point to eight factors for success in establishing an innovative environment: carefully considering the decision to set up such a center, hiring the right people, designing a framework for effective output, creating a buffer from bureaucratic distractions, securing a leader to champion the effort, focusing on business outcomes, fostering disruptive over incremental innovation, and being patient. Regardless of where an innovation hub is established, the key to success lies in hiring creative, intrinsically motivated staff and then giving them the freedom to do what they do best.
UR - http://onlinelibrary.wiley.com/doi/10.1002/joe.21698/full
U2 - 10.1002/joe.21698
DO - 10.1002/joe.21698
M3 - Journal article
VL - 35
SP - 58
EP - 70
JO - Global Business and Organizational Excellence
JF - Global Business and Organizational Excellence
SN - 1932-2054
IS - 5
ER -