Optimizing R&D functions is crucial for companies to accelerate innovation while still managing budgets. Focus on structure, governance, and process to drive successful transformations.
Business games, open innovation challenges, and hackathons are great ways to attract and hire millennials and digital natives.
JC Penney's former CEO, Ron Johnson, failed due to managerial bias called stereotypy, causing him to believe that what worked for him at Apple would work for JC Penney.
