This Week's Herman Trend Alert Women---Expanding their Sphere of Influence

The Herman Trend Alert February 24, 2010 Innovation and Entrepreneurship For years now, we have seen a growing trend towards "Innovation" being a leading focus for corporations worldwide. A new book from Robert C. Wolcott and Michael Lippitz, "Grow from Within: Mastering Corporate Entrepreneurship and Innovation" (McGraw-Hill 2010), provides a roadmap for effectively creating innovation in organizations. Wolcott is the founder and executive director of the Kellogg Innovation Network (KIN), "a unique forum for select executives and innovation managers to meet and discuss internal and industry-wide challenges, business growth, risks, and successful strategies, with academics from the Kellogg School of Management". Discussed in the book, "Innovation Radar" (IR) grew out of an understanding that "innovation is about more than just products and technology". Companies can innovate in any area. Using IR, executives look at 12 dimensions of innovation; the chart represents all of the activities with which companies can add value. The valuable part of IR is that it provides a bridge between strategy and innovation and gives executives the opportunity to have all of their questions and answers (hopefully) before they begin the strategic process. Wolcott suggests that entrepreneurs. . ."Be clear about their objectives. Be clear about their questions. Recognize that "we [often] only see the things for which we are looking". The authors also talk about some corporate initiatives that promote innovation, like IBM's "Global Innovation Outlook" programs and "Innovation Jams". In these unique in-person and online events, IBM engages people from a wide variety of enterprises to solve global challenges facing humanity. In "Saving America: The Generativity Solution" by Robert R. Carkhuff (HRD Press 2010). Moving past any obvious political overtones, Carkhuff believes that the lack of economic freedom hamstrings entrepreneurship. Defining Generativity as "the capacity to generate a new idea", the author also provides an organized approach to innovation. “The Generativity Solution” is the application of "generativity" to all areas and levels of human endeavor: individuals, organizations, and all components of the community, culture, and economy. And that is only the beginning. Expect innovation to become increasingly important, as the nations of the world look for answers. Wolcott is right: "Corporate entrepreneurship in all of its forms is the strategic answer to the challenge of economic growth." © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Employer registration is now open with loading by February 15th. Candidate loading begins March 1st. Expect 25-30 employers and an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration begins NOW. To register or request additional information, contact VetJobs at 877-838-5627 or email info@vetjobs.com; Employers: Mention the Herman Trend Alert to receive a Bonus. LOOKING FOR A UNIQUE VALENTINE’S GIFT? Give the gift of leadership advice in our weekly Lessons in Leadership to help your supervisors and managers remind your leaders about what’s really important The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Joyce at joyce@hermangroup.com. http://www.hermangroup.com/store/subscription_all.html#3 Order today! PREVENT EMPLOYEE TURNOVER IN 2012 Yes, you can prevent costly employee turnover, when you train your supervisors, managers, and executives. They will learn dozens of low and no-cost strategies and tactics that they can implement right away. We have an impressive track record and stand ready to help you. Call Carl at 336-210-3547 for a no-obligation conference call. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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