November 18, 2014
The Lean Enterprise Institute and the Institute for Intrapreneurship Announce a Partnership to Drive Innovation
Cambridge, MA and Park City Utah– The Lean Enterprise Institute, Inc. (LEI) – a nonprofit research, education, and publishing institute, headquartered in Cambridge, MA, and The Institute for Intrapreneurship (IFI) – a Park City Utah based innovation collaborative, announced today a partnership to help established and startup enterprises operationalize and monetize innovation and build a generation of Intrapreneurs. “This partnership will support our mutual clients in their pursuit of finding new revenue and job growth from product, process and management system innovation and continuous improvement within their businesses,” stated John Shook, CEO of LEI.
“The economy has changed over the past 10 years in a manner that requires a new view of corporate leadership and the way innovation is managed. Innovation has long been recognized as the path to growth and it is time to help business move from theory to practice and implement the cultural elements of Intrapreneurship” said Randy M. Favero, Co-founder of IFI. “Companies that develop a culture of intrapreneurship augmented with lean thinking and practice soon find themselves answering the demanding question of ‘what’s next.’
Shook further commented, “The time is right to infuse the proven practices of lean with the principles of intrapreneurship to accelerate growth centered innovation that executives seek and both businesses and the economy need.”
The Institute for Intrapreneurship brings together motivated business enterprises, leading thought leaders and researchers from academia, and innovative stimulus programs from government to advance the interest in and ability to drive value from innovation. Working together, the Lean Enterprise Institute and The Institute for Intrapreneurship will pioneer new approaches to accelerating growth founded on proven practices and the application of new ideas.
Future plans for the partnership include the first ever Conference on Intrapreneurship and Lean Transformation in the first quarter of 2015. This conference will bring together the major participants seeking growth centered innovation.
About the Lean Enterprise Institute
The Lean Enterprise Institute, Inc., was founded in 1997 by lean management expert James P. Womack, Ph.D., as a nonprofit research, education, publishing, and conferencing company with a mission to make things better through the advancement of lean thinking and practice around the world. LEI offers courses, holds management seminars, coaches a limited number of organizations via co-learning partnerships, writes and publishes books and workbooks, and organizes public and private conferences. LEI uses the surplus revenues from these activities to conduct research projects and to support other lean initiatives such as the ThedaCare Center for Healthcare Value, Lean Education Academic Network, Public Service Value Network, and the Lean Global Network. For more information visit LEI at http://www.lean.org.
About The Institute for Intrapreneurship
The Institute for Intrapreneurship was formed to bring businesses, academia and government together, joined by experienced operators, to solve the challenges associated with the successful execution of growth centered innovation. Recognizing that the changing economic times require a different set of management skills and abilities, The Institute focuses on preparing individuals and companies to more effectively discover ideas and bring them to invention, to innovation, to income, and resultant growth. The Institute coalesces the research of thought leaders, the vision of innovators, and the experience of operators to pioneer answers that impact the ability for companies to plan and execute innovation initiatives. Learn more at: http://instituteforintrapreneurship.com
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