Driving innovation in large professional service firms: Six high-return initia... - The Diigo Meta page

• 09 Sep 09
  

  Hutch Carpenter

  Creating an innovation strategy does not need to be a massive project. However it is critical to identify and prioritize the kinds of innovation that are aligned with the firm’s positioning and long-term strategy. Governance is a key element of this process, in establishing parameters for allocating resources and managing risk. A clear strategic framework helps identify the initiatives that will best support useful innovation.

  innovation management program processes adoption

• 23 Jun 09
  

  Bertrand Duperrin

  However there are many barriers to innovation in large professional firms, including billing imperatives, strong functional specialization, and often highly risk-averse cultures. Much of the management literature on innovation focuses on product development and design, and is not always relevant to a professional services environment.

  professionalservices innovation

  • Young, talented professionals show little interest in continuing to plough the furrow of long-established processes, however wax enthusiastic about creating new approaches to their work.
  • There are many aspects to service delivery innovation, notably the integration of internal, external and online resources to create efficient and differentiated value creation for clients.
  • Effective innovation in this space enables offers that create value for both clients and their service providers

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