Expert guidance on how to grow innovation and optimize already-successful areas of established organizations
Transforming Legacy Organizations provides real-world advice and research-based information on how to grow innovation by employing new technologies, improving processes, and establishing a culture of creativity and forward momentum. Conventional business wisdom views innovation as the biggest advantage startups have over large, established organizations, often referred to as legacy organizations. This belief is false, especially when considering that 70% of all startups fail within 20 months of their first venture round. The truth is innovation initiatives of legacy organizations have far better chances of succeeding. Organizations with superior resources-money, customers, suppliers, data, employees, infrastructure-can overcome challenges from new entrepreneurial ventures: knowing how to leverage their underutilized advantage is key for achieving su
