The Quest for a balance between ongoing activity and strategic needs
COMPANIES ARE “PERFORMANCE ENGINES,” PRESSED TO DELIVER PROFITS.
A side effect of such profit-creating activity pressures, which shape companies as they mature, can be a reduced capacity for accomplishing some innovative projects.
Professors Govindarajan and Trimble, recommend establishing a Dedicated Team with best practices and targetd metrics, and maintaining a balanced collaborative relationship between the team and various stakeholders from the Performance Engine.
“A dedicated team’s purpose…is not to overcome organisational memory. It is to execute part of the innovation initiative. To do so, the Dedicated Team needs both insiders and outsiders, and it needs a healthy partnership with the Performance Engine.”