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Managing Transformation: Making Innovation Endure

In: The Timeless Principles of Successful Business Strategy

Author

Listed:
  • Eric Viardot

    (Skema Business School, Skema Executive Education)

Abstract

Once the decision to innovate is made, enduring firms focus on translating ideas into action, overcoming inertia, and channeling energy into strategic outcomes. Leadership plays a pivotal role in aligning momentum with purpose and long-term vision. Technological change is approached with “rational audacity”, a balance of boldness and discipline. Enduring firms innovate incrementally, manage renewal through controlled cannibalization, and embed innovations to ensure market adoption. Organizational change requires breaking routines and traditions. Leaders disrupt established patterns to release latent energy and foster transformation. They experiment before assuming, define clear timelines, and rely on middle managers for execution, demonstrating political agility and responsibility throughout. In times of crisis, change becomes urgent. Enduring firms act swiftly but not blindly. They prioritize liquidity, focus on strategic customer segments, simplify portfolios, secure stakeholder support, and appoint leaders with deep company knowledge. Crises become catalysts for renewal, guided by strategic ambition and coherent decision-making.

Suggested Citation

  • Eric Viardot, 2026. "Managing Transformation: Making Innovation Endure," Management for Professionals, in: The Timeless Principles of Successful Business Strategy, edition 0, chapter 9, pages 97-110, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-032-14617-5_9
    DOI: 10.1007/978-3-032-14617-5_9
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