Radical Innovation, Part II: Managing the Unmanageable

A new survey by the Boston Consulting Group – “The Most Innovative Companies of 2014” – finds that the most successful companies tend to centralize the decision-making of their innovation efforts. “What we’ve found is some very stark lines between companies that … are average innovators to those that are strong innovators and those that are breakthrough innovators,” says Kimberly A. Wagner, a partner and managing director at BCG. Wagner discusses the survey findings, which garnered more than 1,500 responses from “CEOs down to engineers on the shop floor,” in this Knowledge at Wharton interview.