Innovation Needs a Formal Governance Structure

CIO Insight’s piece on innovation led me to try to find some gold nuggets. After wading through the article I did! Page 4 reveals a comment about governance models when talking about FedEx:
“You won’t find FedEx’s innovation-driven culture at most companies. McKinsey’s research points to one obstacle to innovation: While a vast majority of corporate executives say innovation is one of their top three priorities for boosting growth, the lack of coherent governance practices tends to curtail their efforts.
When surveyed last fall about the ways in which their company oversees innovation practices, more executives (36 percent) pointed to an ad …read more