Companies that are the leaders in their industry generally have a hard time maintaining the entrepreneurial spirit that got them to their leading position in that industry. On one hand you have relatively “new” companies like Facebook and on the other, you have companies like Yahoo who are struggling in the new age of mobility, social and the emerging IoT wave. For a company with a market cap of over $130 billion, it is hard for a company like Cisco Systems and its peers to continue to innovate. While innovation isn’t necessarily about structure, when it comes to large companies, you have to have some order around it or it just looks like executives and employees wasting time and having fun. Bean bag chairs, open offices, Starbucks and fine dining at work has to be balanced out with clear goals and accountability. That is why Cisco has developed a multi-faceted and structured innovation strategy to ensure that the innovative spirit is kept alive while having accountability.

from Forbes – Tech http://ift.tt/1UJdk76
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