Despite the explosive rate of innovation transforming our world, how established organisations innovate themselves is another matter altogether.
The string of defunct or struggling organisations such as Kodak, Nokia, Blockbuster, Blackberry or Borders Books attests to the fact that incumbent, established and erstwhile successful organisations either resisted, or were unsuccessful at attempting intrinsic innovation. At the same time, industry research indicates that there is no statistical relationship between R&D spend and business, revenue and net margin growth.
