Today's established companies must find new ways to reignite their entrepreneurial DNA and jump-start revenues - or risk losing their way. By working with startup companies, says Jim Stengel, renowned consultant to Fortune 500 companies and the former global marketing officer for Procter & Gamble, legacy companies can renew themselves: by acquiring new technology and creating new business lines, relearning the need for speed, sparking innovation, and learning from failures.
At P&G Stengel saw the importance of establishing partnerships with the startup world in order to learn how to better innovate. Relying on extensive interviews with innovation leaders at enterprise companies and startups, Stengel's Unleashing the Innovators takes listeners inside such storied companies as GE and Wells Fargo, IBM and Target, Motorola Solutions and Toyota to see what they are learning from their alliances with entrepreneurs. Stengel also explores how even 20- and 30-year-old "startups" like Amazon, Google, and Facebook can reinvent themselves - and what managers at legacy companies everywhere can learn from them.
Drawing on a specially commissioned global study of over 200 established corporations and startups conducted by research consultancy OgilvyRED, Stengel found that companies with successful startup partnerships are three times more likely to change their cultures to be more innovative.
Filled with in-depth stories from the front lines of today's most forward-looking companies, Unleashing the Innovators shows how companies of all sizes can better navigate today's changing landscape, accelerate innovation, increase revenues, and improve their customer relationships.
"Entrepreneurial imagination, enthusiasm, and vision is core to startup success, and Jim Stengel teaches us it's just the prescription for reinvigorating larger legacy companies as well. Unleashing the Innovators can help managers harness this startup spirit to reenergize their companies and take them 'from old to bold'." (Sheryl Sandberg, Facebook COO, and founder, LeanIn.Org and OptionB.Org)
"The future belongs, as Stengel persuasively demonstrates, to those willing to embrace new ideas and new ways of working - combined with the speed and agility to act on them." (Paul Polman, CEO, Unilever)
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