Andrew Binns and Charles O’Reilly are co-founders of Change Logic, a Boston-based strategic advisory firm. Charles is a Professor at the Stanford Graduate School of Business and author of multiple other books on business management.
They partnered with Michael Tushman, Professor at Harvard Business School, to coalesce their decades of collective experience in innovation and corporate transformation to create the Corporate Explorer: How Corporations can Beat Startups at the Innovation Game.
In a conversation with Martin Reeves, Chairman of the BCG Henderson Institute, Andy and Charles discuss insights from the new book.
While large corporations have relationships, assets, and capabilities to leverage at an advantage over startups, they must overcome impediments to innovation such as bureaucracy, a bend towards efficiency, and risk aversion. The book serves as a philosophical and tactical playbook to help large established corporations overcome these obstacles through all three stages of innovation: from ideation, and incubation, to scaling. The authors aim to encourage more managers to follow the path to become a Corporate Explorer and for more senior leadership teams to give them the strategic, financial, and organizational support they need.