Mayo615's French Odyssey Week 27- Innovative Companies
Channel: Mayo615
Date: 2019-10-06

Hello! 
Welcome to the Week 27 Update of Mayo615’s French Odyssey and how to transform Big Ideas into Big Realities. How are the most innovative companies organized? We’ve discussed the personal and team issues, so in today’s two-minute sound byte, let’s discuss the organizational management structure and processes of the best innovation companies. 
Innovative companies have flat organizational structures without hierarchical controls, task-oriented project teams and fuzzy organizational boundaries. Processes emphasize creativity rather than conformity, and have flexible strategic planning and financial controls, which imply an ability to revise direction quickly, often called nimbleness. People are given autonomy, recognition and equity participation. The key organizational need is to attract people that combine the required technical knowledge with creative personality traits. Managers still need to manage and be held accountable, but they act more as sponsors and orchestrators of innovation. 
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