Just completed two weeks of our Stanford Advanced Project Management (SAPM)(apm.stanford.edu) executive education at Stanford. Students from 6 continents and 25+ countries. The program is focused on improving the execution of strategy through project-based work (PBW).
One thing I consistently see missing in strategy and strategy execution discussions is this critical fact: Innovation requires PBW. Note -- PBW includes are that work we think of as projects, programs, portfolios of projects and programs, initiatives, engagements. Basically anything that has a start and stop and is not on-going operations.
Innovation is the hot button but most leaders absolutely miss the point: ALL innovation requires project-based work...no exceptions. I have studied extensively and found no examples where there was innovation without PBW.
How you plan and execute PBW is critical for successful innovation in ANY organization, whether a new start-up, a government agency, an NGO, or an established global business.
3 Questions @ Innovations and PBW
- Does you organization understand that innovation is driven by successful PBW?
- Do your innovation leaders know that innovation requires PBW?
- Is your innovation fully aligned with your organization's overall strategy?