Managing innovation at Xerox

The careful and painstaking corporate planning cycle used in the typical established corporation is inherently biased toward incremental improvements in the company's existing businesses. Furthermore, it tends to be unfavourable to the nurturing and development of disruptive technologies and radical business concepts, which in turn sets a serve limitation on the growth prospects of these large companies and their ability to compete against aggressive newcomers. Xerox has attempted to pull itself out of this predicament by the creation of new corporate innovation processes, including most recently the Xerox Technology Enterprise.