What do we do?
CIO’s research.
- Five outstanding best rated companies in the U.S. (at the time research was completed by CIO); 3M, GE, P&G, Starbucks and John Deere are analyzed in depth in order to better understand how these companies remained innovative over decades. Comprehensive reports are available.
- Over thirty companies have also been examined and this research is provided under ‘Insights’ For the complete list see; Companies researched by CIO.
The research provides insight into leadership and management practices which contribute to their long-term innovativeness.
There is a consistency, a pattern, which emerges from CIO’s examination of the policies and management practices of these companies. Innovation is sustained through applying not one, but the appropriate combination of management practices.
- Not all companies embrace the idea of being innovative but if an organization wishes, or needs to be innovative to survive and grow, it is absolutely essential that leadership – the Board, CEO, and senior management – lead the effort.
- Innovation involves risk. Improved information and better measures are needed at senior levels to portray innovation so that the risk level is clear.
- There is a set of tools which can provide help to those organizations wishing to be innovative.
- Stock price performance does not always correlate with innovation but longevity does.
IM (Innovation management) reports are in-depth, comprehensive reports on the historic development of the company’s approach to innovation management, their tools and techniques. Real companies. Real practices. Idea-intensive, highly-respected companies. The reports are based on a variety of sources including, interviews with suppliers and ex-employees, biographies of the company’s senior executive officer, third party interviews, and an analyses of company and investor presentations. Each report uses a framework for cataloging the information in such a way that the reader can relatively easily apply best practices to their own organization.
CIO also provides comment on innovation issues. Papers are provided on such issues as; Board responsibility for risk, the need to think more about the meaning and importance of research and development spending.
SMEs only. CIO has a special section devoted to those more concerned with small and medium-sized organizations; i.e. SMEs. Most of the third party research on corporate innovation has been done with a focus on large companies since these are the companies which. being public, publish more information than do SMEs. Much of what larger companies do to encourage innovation is applicable to SMEs but necessarily scaled to meet immediate needs.
Resource and energy companies
- Koch Industries (a privately held U.S. company). Koch’s innovation management practices correlate closely with CIO’s Best of the Best. Koch innovation management.
- Glencore. A clash of cultures.
- The Adani Group. No mention of R&D nor innovation.
Manufacturing companies
- HP – pre split. HP’s innovation management practices were, at its peak, among the best CIO has researched. This report comments on why and provides a comparison of HP with 3M, CIO’s best choice. HP Retroperspective
- Rolls Royce. Rolls Royce announces initiatives to lessen bureaucracy and restore financial performance. Tinkering with research and development presents challenges. December, 2015. 14 pages
- Massey-Ferguson. Once Canada’s largest industrial enterprise with a global business and 68,000 employees, is now only a brand name owned by an American company, AGCO. M-F was a successful company. One can learn more from mistakes than from successes! What role did innovation, or the lack of innovativeness, play in the company’s demise? Three ex-employees of the company provide their insight into this failure. 20 pages.
- Nucor. Ken Iverson is given credit for getting Nucor off the ground. He had a distinct management philosophy, dramatically different for the steel industry at the time, which established management practices that proved hugely successful. The focus of this Profile is on Iversons’ leadership and practices. Nucor was the largest steel company in the U.S. 2009. 24 pages.
IT companies
- Uber core values. Uber needs to update. CIO compares Uber with four highly innovative, idea-intensive companies. September 2017. 2 pages.
- IBM – Can it survive? A classic case of not adjusting swiftly enough to market changes. Are there lessons to be learned? April 2016. Peter Farwell, a partner in CIO, provides his insights!
- Google. Google has adopted and adapted both old and new approaches to the management of innovation. Google’s management of innovation. Not up to date but still relevant.
- Amazon. The ‘secret sauce.
- Samsung Electronics. According to recent reports, Samsung needs to update its business practices. Is it time to innovate management practices? CIO provides some ideas! June 11, 2020. 9 pages.
- Apple versus RIM. CIO has researched both Apple (under Jobs) and RIM (under Lazaridis and Balsillie) and identified the important management practices relating to innovation which go a long way to explain why Apple was so successful during this period and why RIM’s business declined dramatically. September, 2012. 14 pages.
Other companies
- DSM; notes on the many strategic updates on this Netherlands-based company.
- Amazon’s secret sauce – not so secret anymore.
- Consulting engineering firms. Stantec, SNC+Lavalin, WSP – best acquisition strategies.