PMO is not a Dirty Word

PMO is not a Dirty Word

The role of PMO is often misunderstood, and various factors can contribute to the negative reputation of PMOs such as lack of clarity in the charter, an overly burdensome process, no link to strategy, inadequate tools, a culture resistant to change, and more. However, a PMO can be crucial in driving innovation process excellence and profitability. PMOs own the processes and tools that run innovation projects and drive new product commercialization. By taking a three-pronged approach and addressing people, processes, and tools, organizations can achieve a higher maturity level in innovation management.

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More Innovation Resources:

7 Habits Of Highly Innovative Companies

To develop a culture of innovation, companies must adapt to change, embrace failure, cultivate small team dynamics, provide flexible workspaces, and encourage employee engagement through recognition and communication.

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6 challenges in shifting towards a new economy

In the knowledge economy, organizations need to shift their focus from production to innovation, and their employees from task-oriented to idea-driven. Traditional management roles and structures must also change to accommodate a transparent, learn-as-we-go organization that collaborates cross-functionally and stays close to the customer.

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Open Innovation – What It Is and How to Do It

Open innovation is a concept that involves sharing and receiving information beyond the confines of a company, allowing for collaboration and creative input from external parties. This article breaks down the topic for readers, discussing its types, benefits and challenges, and provides successful and unsuccessful examples.

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