This is lengthy with several pages to the article but worth the time…it takes you through some of the what, why, when, and how of decisions that have to be made at the CEO level, then supported throughout the company in order to fix and survive the now, prepare and set in motion the tasks for the future….read on…here is an excerpt from the article.
“Often, innovation’s only friend is the CEO. Even so, many CEOs view the competing demands of the core businesses and the new units as a set of trade-offs to be made. They often end up trying to persuade the heads of the core businesses to support and fund the innovations housed in their units on which the company’s long-term future depends. In other words, the CEO pushes the key decisions about the right balance between investment in new and core businesses down into the units, ceding much of his or her own power and creating a collection of feudal baronies”.
