Professor Raymond L. Price, from the college of engineering, at University of Illinois at Urbana-Champaign recently lectured on tech visionaries and implications for HR professionals. During his lecture he illustrated how HP's culture of being engineering led versus business led fostered an environment where serial innovators and technical visionaries could create market leading products. His model describing how organizations are either enhancers or creators helps explain why 90% of companies fall into the enhancement category which allows for cheaper, faster and sometimes better products rather than focusing on creating, like HP, where extended time, money and other resources are spent to create products. Professor Price’s hour glass model presents steps on how companies can become more innovative and that being more innovative is what's necessary to set a company apart.
The implications for HR, as he explains in his lecture, will be to help organizations transform to engineering led companies by developing methods to recognize, recruit and retain innovative talent while creating an environment where they can be nurtured and allowed to flourish for the success of the company.
Read more about his new book, the HP Phenomenon.
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