Recently Josh Berry talks about the biggest challenges in corporate innovation and how to navigate them.
“Corporate innovation is hard. There are loads of challenges and pitfalls when trying to explore new opportunities inside of an existing organization. More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts. But these short-lived programs aren’t all there is to innovation, and they shouldn’t scare you off as a corporate innovator. In true experimental fashion, there is also a lot of learning in the corporate innovation space. More and more companies are finding approaches worth repeating, getting promising new ideas into their customers’ hands, delivering value, and making revenue.”
Read the full post here on ECONIC.
In this post Strategyzer shares some insights on KPIs for innovation projects, tracking Risk & Uncertainty, Potential Profitability, Learning Velocity & Time Spent, and Cost.
Read the short overview here at Strategyzer.
With the world changing so rapidly virtually every established company feels the imperative to innovate. Executives, managers and employees across the globe are working hard to figure out how to succeed with innovation.
The lessons that are emerging from this work are sometimes counter-intuitive and challenge many long held assumptions. Read the original here at forbes
A lot of companies that experience innovation success, grab onto it and believe that it’s their secret to an everlasting success. This mindset puts any company at risk of failure but refusing to evolve with the market can be even more devastating. “Without a robust and resilient innovation strategy, no company can survive,” says Phil McKinney, CEO of CableLabs. A good reminder that successful companies aren’t necessarily invincible.
Read the full list of the 50 here at valuer+.