He also went on to expand on his definition of innovation: “Innovation has a very specific purpose. “What I bring to innovation for companies is very structured problem-solving. While he didn’t continue down that path, his experience in engineering is linked to his current work in innovation: “I think engineering gives you a very structured way of thinking or problem-solving.” Similarly, Jay is a strong believer that innovation is about problem-solving, and not about idea generation, as is often thought. However, he quickly decided it wasn’t the career for him after spending a summer in a sweltering shipyard, braving 100-degree temperatures with 90% humidity. Jay began by studying naval architecture in undergrad. He is the author of the book “ The Discipline and Culture of Innovation” and he currently sits on the Innovation Advisory Board of Bancolombia (Colombia), and on the Flavor Advisory Board of Firmenich (Switzerland). In addition to his teaching and work with executives, Jay’s research has appeared in The Sloan Management Review, Journal of Innovative Management, The European Business Review, and others. And hopefully the next time I will make fewer mistakes.” Dr. It’s better to try and fail than not try at all. “I’ll probably fail again, but I’ll kick myself if I don’t try. By his estimation, he failed at being a naval architect, a mathematician, and at three start-ups. However, Jay wears that “failure” badge as a badge of honor. That designation certainly doesn’t fit this professor from Babson’s MBA and Executive Education programs, who has consulted for companies around the world such as Medtronic, Novartis, Ocean Spray, and BAE Systems.
CHIMPANZEE MONKEY AND GORILLA SERIES
This is part of my series on thought leaders in the innovation space. Jay Rao, Professor of Strategy & Innovation at Babson
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