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Related Experiment Videos

Managing in the whitespace.

M C Maletz1, N Nohria

  • 1Babson College, Wellesley, Massachusetts, USA. mmaletz@yahoo.com

Harvard Business Review
|February 24, 2001
PubMed
Summary
This summary is machine-generated.

Companies can foster innovation by strategically leveraging "whitespace," undefined areas ripe for entrepreneurial activity. Effective management guides these initiatives, determining their optimal integration or termination for sustained value creation.

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Area of Science:

  • Organizational Behavior
  • Innovation Management
  • Entrepreneurship

Background:

  • Traditional business models often stifle innovation by enforcing rigid structures.
  • New value creation is frequently linked to entrepreneurial mindsets, but guidance on their application is lacking.
  • The concept of 'whitespace' represents undefined organizational territories where entrepreneurial activities can flourish.

Purpose of the Study:

  • To investigate the dynamics of entrepreneurial activity within organizational 'whitespace'.
  • To provide guidance on when and how to operate in whitespace for innovation.
  • To explore how senior management can effectively oversee and nurture whitespace initiatives.

Main Methods:

  • Qualitative research involving ethnographers and organization specialists.

Related Experiment Videos

  • Shadowing entrepreneurial managers operating in whitespace.
  • Interviews with senior managers regarding oversight of whitespace activities.
  • Case studies from financial services, computer, and e-commerce industries.
  • Main Results:

    • Whitespace is a critical, yet often neglected, territory for organizational reinvention and renewal.
    • Effective whitespace managers lead subtly and resourcefully, while senior executives must adapt traditional management techniques.
    • Key decisions involve integrating whitespace projects into core operations, maintaining them, or terminating them.

    Conclusions:

    • Companies risk missing innovation opportunities if whitespace is left to chance.
    • Strategic engagement with whitespace is crucial for identifying and capitalizing on new frontiers.
    • Understanding when to operate in whitespace versus traditional 'blackspace' is vital for sustained value creation.