Building a Growth Factory

Introducing the Four Components That Make Innovation RepeatableEven the best-performing companies eventually stall. Sustaining momentumand remaining a great growth companytakes a system.Scott Anthony and David Duncan call this system a Growth Factory. Theyve seen it work in a small set of elite companies that have created environments where innovation is both repeatable and reliable, not relegated to an off-site or isolated division that has no real connection to the organizations future.In this HBR Single, Anthony and Duncan draw on their extensive experience working with these growth factory organizationsmost notably Procter & Gamble and Citigroup. They highlight the four main components that make innovation repeatable and reliable, citing real examples of what P&G, Citi, and even their own firm, Innosight, have gone through to stay firmly on a path toward growth despite huge challenges. They offer practical advice on how you can put their system into action in your own companywhether its a large multinational or a small start-up.HBR Singles provide brief yet potent business ideas for todays thinking professional. They are available digitally at HBR.org and through the Kindle Store, the iBookstore, and other ebooksellers.