SOLVING THE TOUGHEST MANAGEMENT CHALLENGES—TOGETHER GET STARTED

Just a few weeks ago Harvard Business Review and McKinsey & Co. opened the first leg of their 2012/13 M-Prize challenge: "Innovating Innovation." The M-Prize's overall goal is to "surface the world's most progressive management practices and most provocative management ideas" and connect and celebrate individuals reinventing management. This particular challenge — where I'm serving as a judge — seeks "real-world case studies and bold ideas that demonstrate how every element of a company's management model can be retooled to make it innovation-friendly."

The most adaptive, agile companies and organizations are figuring out how to leverage what they do best to take advantage of global, seismic shifts in media, technology and society. Today’s newest and brightest example is a distributed philanthropic movement called GivingTuesday.

Game-changing innovation is a beautiful thing. Disruptive products and services are unleashed. New markets are created. Customers smile, employees cheer and shareholders win. What’s not to like?

Management thinking is inherently faddish, but there are some perennial favourites that never fall out of favour.  Innovation is one those evergreen themes: it is a rare CEO who doesn’t list innovation as one her top four or five priorities.