Effective Collaboration and Innovation Between Science and Business with Jayshree Seth
Jayshree Seth is a Corporate Scientist at 3M who currently holds 80 patents for a variety of innovations, with several additional pending. She was appointed 3M’s first ever Chief Science Advocate in 2018 and is using her scientific knowledge, technical expertise and professional experience to advance science and communicate the benefits of science and the importance of diversity in STEM fields to drive innovation. She has a MS and PhD in Chemical Engineering from Clarkson University, New York and bachelors of tech in chemical engineering form the prestigious NIIT Trichy in India.
On the Outthinkers Podcast, we dove deep into the topics of some of her books, especially her latest, The Heart of Science, along with the fascinating Fast Company article she co-wrote with our good friend Rita McGrath titled, A guide for managing innovation: 4 big mistakes technologists wish their business leaders would stop making.?Seth has a lifetime of experiencing building bridges between science and business, something 3M is uniquely good at.
The Essence of Strategy: A Scientific Approach
In our interview, Seth shared her definition of strategy, likening it to the scientific method—a systematic approach to solving a problem or understanding a situation. Strategy, at its core, involves observing a situation, raising questions, formulating hypotheses, conducting experiments, and analyzing results to draw conclusions. This iterative process emphasizes the importance of a strategic mindset over outcome orientation. The focus should not be on outcomes but on what needs to be done to achieve those outcomes. Strategy is the scientific approach to get to desired outcomes.
"Strategy is the scientific method. It’s nothing but a systematic approach to solving a problem or understanding a situation. You observe something, it raises a question, you try to understand the background the best you can, and then you formulate a hypothesis. You plan and conduct experiments, you analyze the results and the results lead you to a conclusion about the validity of your hypothesis, so now you can develop recommendations, You communicate it, you refine the next steps. And then you get to do it all over again. That, to me, is the essence of good strategy and of a strategic mindset."
Bridging the Gap: Business Leadership and Technical Expertise
A significant chasm exists between business leadership and technical teams. Left unaddressed, that gap can undermine strategic execution. Seth underscored the importance for business leaders to understand micro-cultures and mindsets within organizations, for example, on their technical and engineering teams.
There is a significant difference between business and technical mindsets. Business leaders are under pressure to make an impact. Failure is discouraged. On the other hand, the technical community is typically much more comfortable with the unknown. Technical teams thrive in environments where experimentation and learning from failure are valued. Failure is an integral part of innovation.
Seth advocates for business leaders to embrace the technical mindset, understanding that failure is not a setback but a step forward in the innovation process.
Managing Innovation: Four Mistakes to Avoid
Drawing from her article, "A guide for managing innovation: 4 big mistakes technologists wish their business leaders would stop making," co-authored with Rita McGrath , Seth highlights four critical mistakes business leaders make in their interactions with technical teams and how to avoid them:
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Preventing these four mistakes can help business leaders work more effectively with their technical teams.
Empowering Innovation: 3M's Unique Approach
3M stands as a beacon of innovation, largely due to its unique culture and practices that empower technical teams. In the episode, Seth shared three key characteristics that define 3M's approach to fostering innovation:
Through these initiatives, 3M teaches skills like creative thinking, networking and influencing, and fundraising while building a strong legacy and culture of empowerment and collaboration.
Conclusion: A Call to Strategic Innovation
Seth's insights offer a compelling call to action for strategy and innovation executives. By embracing a scientific approach to strategy, fostering a culture of collaboration and empowerment, and bridging the gap between business and technical teams, leaders can unlock the full potential of their organizations. In the ever-evolving landscape of business and technology, these principles serve as a roadmap for cultivating innovation and driving sustainable growth.
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Great insights from Jayshree Seth! ??Business leaders would do well to bear in mind the words of Steve Jobs, "Great things in business are never done by one person; they're done by a team of people." ???? Enhancing collaboration between business and technical teams will surely lead to greater innovation. #teamwork #innovation #businessstrategy ??
AI Speaker & Consultant | Helping Organizations Navigate the AI Revolution | Generated $50M+ Revenue | Talks about #AI #ChatGPT #B2B #Marketing #Outbound
10 个月Thanks for sharing these valuable insights, Jayshree Seth! Collaboration and open communication are key for success.
Corporate Scientist and Chief Science Advocate at 3M
10 个月Thanks Kaihan! It has been a pleasure to have worked with business leaders who knew to ask “how can I help…” and who also knew the ‘help’ the technical community doesn’t need. https://www.dhirubhai.net/pulse/managing-innovation-how-can-i-help-jayshree-seth?utm_source=share&utm_medium=member_ios&utm_campaign=share_via
Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
10 个月Well said ?? ?? ?? ??.
Global Keynote Speaker @ Blood Orange | Leading authority on innovation and intrapreneurship
10 个月Fabulous to have these insights from a practitioner/thought leader like Jayshree Seth here, Kaihan Krippendorff!