Grow from Within: Mastering Corporate Entrepreneurship and Innovation

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9780071598323: Grow from Within: Mastering Corporate Entrepreneurship and Innovation

Create Business and Generate Profits inNew Markets through Innovation!

“The best account I have read about how companies can enable and support internal entrepreneurs to achieve innovation-led growth.”
Philip Kotler, S.C. Johnson & Son Professor of International Marketing, Kellogg School of Management

“An essential resource for both private and public sector leaders seeking to align new business creation with an organization’s mission and strategy . . . and achieve results.”
William J. Perry, former U.S. Secretary of Defense

“Wolcott and Lippitz are not only insightful, they are spot on. This is exactly the book corporate leaders—from CEOs and functional executives to corporate entrepreneurial teams—need to help them navigate theexceptional challenges of organic growth and innovation.”
Betsy Holden, Senior Advisor, McKinsey & Company, and former Co-CEO, Kraft Foods, Inc.

About the Book:

IBM reports $15 billion of annualnew revenues from 22 EmergingBusiness Opportunities.

In 2008, $4 billion in revenues fromcompanywide innovation efforts allowedWhirlpool to maintain its top line, despiteglobal recession and the steep dropin housing markets.

A DuPont business group leader,Ellen Kullman, backed an ambitious newbusiness creation program and laterbecame DuPont’s CEO.

Each of these companies has learned how tocreate new businesses on a repeatable basis.In Grow from Within, two leading scholarsfrom the Kellogg School of Managementexplain how your company can discover theright approach to corporate entrepreneurshipand make it profitable.

Taking innovation to the next level, corporateentrepreneurship is the process of buildingnew businesses within an established organization—new businesses that are distinctfrom the core company but that leveragesome of its most powerful assets.Grow from Within examines:

  • The fundamentals of designing anew business
  • The four dominant models ofcorporate entrepreneurship
  • Ways to align your innovationprogram with your strategy
  • Leadership requirements fordeveloping new businesses

Innovation is critical to business successand growth, but it’s only the first step. Withoutstrategically driven processes to turninsights into growing businesses, even thebest ideas can fail. Creativity is often serendipitous;innovation management shouldnot be.

Grow from Within provides the knowledgeyou need to conceive and design valuablenew businesses that breathe life into ideasand dramatically improve your top and bottomlines.

"synopsis" may belong to another edition of this title.

About the Author:

Robert C. Wolcott, Ph.D., a facultymember of the KelloggSchool of Management, NorthwesternUniversity, is the cofounder andexecutive director of the Kellogg InnovationNetwork (KIN): www.kinglobal.org. Heis a frequent speaker worldwide, advisor togovernments, and cofounder of strategyconsultancy and venture firm Clareo PartnersLLC (www.clareopartners.com).
Michael J. Lippitz, Ph.D., is asenior research fellow with theCenter for Research in Technology& Innovation (CRTI) at the KelloggSchool of Management, a principalwith Clareo Partners LLC, and a seniorpolicy analyst with the Institute for DefenseAnalyses (IDA).

Visit the authors atwww.growfromwithinbook.com

From the Back Cover:

Grow from Within provides frameworks and tools for new business design, along withadvice on how to plan and lead an ongoing innovation program based on your company’sstrategic objectives and corporate context. You’ll learn how to:

  • Define domains for new business creation that areclosely linked to overall corporate strategy
  • Conceive truly new businesses within your company
  • Fit all the pieces together at the organizational level
  • Transition new ventures into existing business units

Use Grow from Within to defeat commoditization, expand when acquisitions fail, andretain the talent that makes your company great.

"About this title" may belong to another edition of this title.

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