Innovation Culture means Extremely Disciplined and No FUN

Here are some of the hard truths about innovation cultures and challenges faced by organizations when it comes to managing innovation. 

5 challenges to Innovation

1. Innovation is episodic (Go to Silicon Valley; Burn post-its in a room)
2. Resources are trapped and held hostage by incumbent businesses
3. Trying to fit innovation into the structure you have today
4. Too little diversity of thought; too little access to customer experience 
5. Treating assumptions like knowledge

The hard truth about innovation culture is, its more and more a discipline and not a random act. 

5 harsh realities of innovative companies

1. Tolerance for Failure but No Tolerance for Incompetence
2. Willingness to Experiment but Highly Disciplined (A willingness to experiment does not mean randomly throwing paint at a canvas)
3. Psychologically Safe but Brutally Candid
4. Collaboration but with individual accountability
5. Flat but strong leadership

Courtesy, Inspiration & more details at 

• Prof. Gary Pisano at Harvard Business School - HBR Article - The hard truth about innovative culture & Podcast - The harsh realities of innovative companies
• Prof. Rita G Mcgrath at Columbia Business School - Youtube interview - Discovery Driven Growth