N THE CONTINUING QUEST FOR BUSINESS GROWTH, many CEOs are turning to their CIOs and IT organizations because technology is essential to two compelling sources of growth: innovation and integration. Innovation, of course, is doing new things that customers ultimately appreciate and value – not only developing new generations of products, services, channels, and customer experience but also conceiving new business processes and models. Integration is making the multiple units, functions, and sites of large organizations work together to increase capacity, improve performance, lower cost structure, and discover opportunities for improvement that don’t appear until you look across functions.
Key growth imperatives succeed best when specialized teams share skills, experience, and insight across the silos. by James I. Cash, Jr., Michael J. Earl, and Robert Morison hbr.org | November 2008 | Harvard Business Review 91 Brett Ryder 92 Harvard Business Review | November 2008 | hbr.org
Teaming Up to Crack Innovation and Enterprise Integration Together, innovation and integration allow an enterprise to engage more customers and bring more goods and services to market. Successful innovation often depends on the ability to coordinate efforts across organizational boundaries because innovations reach sufficient scale and impact only when integrated into the larger operations of the corporation. Neither pursuit is optional, in good economic times or bad, because stagnation on either front can doom a business, and success in both is the best guarantee of thriving.
Companies rely on IT as a catalyst, enabler, and component of the new products, services, channels, processes, and business models, as well as the way to encourage innovators to collaborate.
And with its extensive experience working at the heart of major business-change initiatives of all kinds – implementing common infrastructures, shared databases, and... [continua]
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