This is the final installment of the first podcast in my series of conversations on innovation and innovation practice with leading innovation practitioners. In this three part discussion, I have been chatting Vincent Lyons, Vice President of Engineering & Technology for Leggett & Platt. Vincent joined Leggett & Platt in 2006 to head up the company’s Innovation Redefined initiatives and has achieved much in a short time.
In the first segment, Vincent and I talked about the universal challenges encountered by global 2000 companies when trying to create a sustainable innovation engine. In particular, we discussed how companies:
- have few if any models for repeatable means of innovation
- are pushed to rush to a solution by competition & time pressures
- lack the ability to leverage of internal corporate wisdom
- have limited visibility to relevant knowledge outside their domain of expertise
In the second segment, we explored the strategies for successful deployment of sustainable innovation practice. In particular, we touched on how to think about culture, personnel, process to drive innovation, communication, and impacts on the organization.
In this final discussion, we delve in to how these strategies are being put into action at Leggett & Platt to power their Innovation Redefined initiatives.
(Podcast length: 14:36)
I hope you have enjoyed the discussion series as much as I have.
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