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Innovating Innovation @tk
Chesbrough, Henry W.
Publication date: 1/1/2018, pages 1-17

This case shows how ThyssenKrupp (tk) has altered its innovation process in recent years. CEO Heinrich Hiesinger brought in a former colleague from Siemens, Reinhold Achatz, to lead a transformation of the R&D function at the company. With tk’s roots over 200 years old and its highly divisionalized organizational structure, Achatz had to be thoughtful and strategic managing this change. At the same time, tk needed to boost its organic growth, pressuring it to move fast. The case follows projects through the new innovation process and invites students to place new projects into the proper place in the innovation process.

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