Managers have no shortage of advice on how to achieve organic sales growth through innovation. Prescriptions range from emulating the best practices of innovative companies like Amazon, Starbucks, and 3M to adopting popular concepts such as design thinking, lean startup principles, innovation boot camps, and co-creation with customers. …Read More
This project will continue the empirical testing of the joint effects of the two components of the innovation prowess framework (strategic growth-seeking discipline and innovation ability) on the relative organic growth rate, and the application of the findings to innovation management issues. …Read More
In 2004 the Mack Institute sponsored a conference on “Peripheral Vision: Detecting the Weak Signals that can Make or Break Your Company,” that led to a book of the same title with Paul Schoemaker, and seven further articles. During the past decade our approach has been applied to dozens of companies and spawned two major research initiatives. …Read More
A central feature of strategic growth-seeking discipline is full-spectrum innovation; the systematic search for growth opportunities by rethinking and reimagining the value proposition and business model components of the strategy. …Read More
This project proposes to extend and apply the previously funded testing of the ability of the innovation prowess framework to explain organic growth performance. The main element will be to develop an organizational change process based on the four innovation drivers.…Read More
Our Fall Conference 2015 stressed the need to trade places with consumers in order to identify opportunities in a landscape where digital technologies have changed all the rules.…Read More
Mack Institute Co-Director George Day has retired from The Wharton School, but remains as involved as ever with the Mack Institute.…Read More
A central feature of the strategic growth-seeking discipline is full-spectrum innovation; the systematic search for growth opportunities by rethinking and reimaging the value proposition and business model components of the strategy. The purpose of this research project is to continue the Mack Institute sponsored research on business model innovation in the pharmaceutical industry.…Read More
This project will continue the empirical testing of the joint effects of the two components of the innovation prowess framework (strategic growth-seeking discipline and innovation ability) on the relative organic growth rate.…Read More
The risk of failure of an innovation – whether an embryonic concept or an advanced working prototype – can be contained with rigorous screening. This session will introduce proven tools for assessing and improving innovations, and crafting the plan for launching the innovation. Participants will get hands-on experience applying these tools to the case of a medical device start-up, and learn from best-practice applications
The Mack Institute Fall Conference 2014 examined how rapid advances in technology continuously change the way that organizations innovate.…Read More
This conference explored the latest advances in understanding customer needs, developing solutions to these needs from the fast growing menu of technology possibilities. It also discussed connecting these needs to solutions both inside the organization and with external partners and assessing their value.
According to George Day, top businesses have a lot in common with top athletes. His research examines the qualities that separate “growth leaders” from “growth laggards” — in other words, the qualities that separate average or failing companies from those that achieve Olympic-level success.…Read More
With outsourcing growing and core capabilities contracting, is hierarchy becoming a thing of the past? Faculty from the Mack Institute talk corporate hierarchies today versus in the past.…Read More
Finding the path that will allow established companies to take advantage of their strengths while also giving them the flexibility to innovate is one of the most pressing concerns of many executives. This was the theme of the Mack Institute’s Spring Conference, titled “Incubating Innovation in Established Firms.”…Read More
This conference explored ways that successful firms proactively disrupt their own business models, incubating innovation while preserving current revenue streams. Speakers discussed how established companies can foster creativity and agility through HR practices, organizational structure, and culture.
Managers can help cultivate breakthrough innovation by putting the right organizational habits in place.…Read More
If you’re not thinking about your business as part of an ecosystem, you should. Mack Institute Co-director George Day and Research Director Paul Schoemaker identify four substantial benefits of adopting an outside-in mentality.…Read More
This workshop brought together pharmaceutical decision-makers, industry experts and executives from payers and providers, to (1) assess the prospects for meaningful customer solutions, (2) determine the conditions for success, and (3) guide further research and follow-up action steps.
David Heckman, practice leader, senior management at the Wharton School’s Aresty Institute of Executive Education, recently spoke with Mack Institute Co-director George Day about why innovation prowess is the key to growth leadership. The interview addresses the questions that Professor Day explores in his latest book Innovation Prowess: Leadership Strategies…Read More
