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December 11, 2014
McLean, VA — It is a challenge many companies face as they become increasingly large. How can they continually ignite the spark of innovation? Yet a new blueprint from Booz Allen makes clear that any company—no matter how large—can harness the power of their institution to create transformational value.
The article Who Says Big Companies Can’t Innovate? outlines a series of components and systems that provides a repeatable method for driving innovation throughout the organization. The Booz Allen Innovation Blueprint™, which forms the basis of the article, outlines 8 components that companies can take to drive innovative thinking and create a pipeline of new ideas.
It is a strategy based on practical experience. Booz Allen developed the Innovation Blueprint™ for itself when the company confronted challenging market conditions – decreasing budgets while business and mission expectations were expanding. Booz Allen recommitted itself to its original spirit of entrepreneurialism—with new investments and a cultural approach to inspire innovative thinking at all levels of the organization.
This renewed commitment culminated with the establishment of the Strategic Innovation Group (SIG), an internal breeding ground for breakthrough innovation at Booz Allen.
“Often, the freedom to experiment and play with ideas has a natural tension with the efficiency and standardization found in many large companies,” said Karen Dahut, an Executive Vice President with Booz Allen who heads the Strategic Innovation Group and authored the article. “By taking the right steps and focusing their energies, any company can tap into the human desire to create something new.”
Dahut recently presented the Innovation Blueprint™ to innovation leaders from some of the world’s most reputable companies across the nation at the Chief Innovation Officer Summit in New York City, noting three components that can ignite successful innovation in large companies:
In addition to illustrating Booz Allen’s own experience, the article shares examples of other companies who confronted profound challenges and re-focused their agenda to build their own sustainable pipelines.
“Success comes when you foster a deeply embedded culture of innovation built around a set of clear priorities,” remarked Dahut. “Inspiration, commitment and a firm understanding of what really matters create a powerful, proven combination.”
The “Who Says Big Companies Can’t Innovate?” article can be downloaded here.
About Booz Allen
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by their most sensitive agencies. We work shoulder to shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision. With global headquarters in McLean, Virginia and more than 80 offices worldwide, our firm employs more than 26,100 people and had revenue of $6.7 billion for the 12 months ending March 31, 2019. To learn more, visit BoozAllen.com. (NYSE: BAH)