What Happened in the World of Corporate Innovation in 2024?
ROI, AI, ESG and more. At The Innovator’s Handbook 2024 Launch Event last year December, we invited several thought leaders and experts to share their predictions for what would happen in the world of corporate innovation in 2024, in short 8-min talks. The year did fly by… and much has happened. So with 2024 already in its final quarter, we…
How to Better Align Innovation with Strategy
Don’t look at the size of the opportunity - focus on strategic fit to select the right innovation ideas for your business. Can innovation in an established organization be compared to innovation in a startup? As David Rogers, author and Columbia Business School professor, noted in his recent Innov8rs session, both of these setups are something of…
Making Innovation Everyone’s Priority
Can you make innovation everyone’s priority? It’s an admirable goal, since if all employees are invested in finding ways to do things better there’s a far higher chance of new ideas and initiatives being successful. This is the belief of Vlora Muslimi, Senior Manager at TD Bank Group, who’s responsible for the organization’s iD8 program- a…
It Takes a Village to Innovate
How to work effectively with the core business, gain their support, and harness the advantages of being an innovator within a large organization. The innovation profession has come a long way in the past few years. From its humble and experimental beginnings, we’ve now got a range of tried and tested techniques for how to put innovation into…
How To Successfully Scale Corporate Ventures
Can organizations follow a standardized approach to venture scaling? Venture building is a tried and tested method for organizations to discover, validate, and incubate new business models. Originating in the US in the 1950s with the first Corporate Venture Capital (CVC) activities, organizations initially used this approach as a way of…
Risk or Opportunity? Promoting Innovation in Your Organization
Dig into human psychology to help people take risks and make innovation the norm within your organization. Imagine this: you’re on a game show standing in front of three doors. Behind one of the doors is a prize, behind the other two, goats. You select a door. The host then opens one of the remaining doors to reveal a goat, and offers you a…
The One Thing High Impact Product Teams Have In Common
How product teams can tackle ambiguity, meet business aims, and prove their worth. Uncertain economic circumstances more often than not lead to difficult conversations. As businesses enter leaner times, all areas of a business face greater scrutiny - the pressure to provide return on investment, or at the very least demonstrate a contribution to…
Venturing Beyond the Hype - How to Build Viable Ventures in a Down Market
Build ventures with founders and a focus on customer problems rather than technologies and trends. Like most forms of innovation activity right now, corporate venture building is going through a reckoning. As economic conditions become more challenging, interest rates rise, and the cost of funds goes up, the willingness of organizations to invest…
Can Innovation Speak the Language of Finance?
How to work more effectively with the finance department to get your innovation project the backing it needs. Communication between innovation teams and finance is often one of the biggest obstacles to innovation. While Chief Financial Officers (CFOs) speak in the language of long term financial forecasts, EBITDA, and other finance-driven KPIs,…
AI in Innovation Management - What’s Happening?
Practical perspectives on how to make the most of AI technology in your innovation work. AI is the buzzword of the moment when it comes to improving workplace productivity. The latest generative AI models can help organizations to improve their creativity levels, increase the speed at which they’re able to deliver results, and secure cost…
RTI International Joins Innovation Working Group To Advance Growth Efforts
RTI International, a not-for-profit dedicated to addressing the world’s most critical problems with science-based solutions in pursuit of a better future, has joined Innov8rs CoLab to augment its efforts. Mike Kaelin, CFO, Strategy, and Transformation Officer of RTI, Inc. states, “As a leading global research institute, innovation has always been…
The 5 Conditions For High-Performing Innovation Teams
With the right people, process, structure and mindset - innovation teams flourish. Teamwork makes the dream work. Together Everyone Achieves More. If everyone is moving forward together, then success takes care of itself… As clichéd as these kinds of quotes may be, they all point to an undeniable truth: working together helps us achieve more.…
