Ten Rules for Strategic Innovators

This guide offers essential strategies for leaders navigating emerging industries. Ten Rules for Strategic Innovators provides insights on balancing innovation and operational excellence.

In Ten Rules for Strategic Innovators, the authors explore the challenges that even the most successful companies face as they encounter limits to growth. This phenomenon highlights the allure of emerging high-growth industries, which promise vast opportunities for those agile enough to seize them. The book emphasizes the importance of adapting to new business landscapes while maintaining excellence in current operations, presenting a delicate balance that leaders must navigate.

Drawing from extensive research conducted over several years, the authors, Vijay Govindarajan and Chris Trimble, identify three pivotal challenges that organizations must overcome: the need to forget outdated processes that no longer serve them, the necessity of borrowing resources from established core businesses, and the imperative to learn how new ventures can thrive. These insights are crucial for leaders aiming to foster innovation within their companies.

Ten Rules for Strategic Innovators offers practical recommendations on various aspects of business management, including staffing, leadership roles, reporting structures, and performance assessment. By addressing these elements, the authors provide a roadmap for leaders to follow as they seek breakthrough growth opportunities. This guide is essential for anyone looking to excel in the ever-evolving business landscape, ensuring that they can effectively execute strategies in unfamiliar territory.