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.…
Aligning Strategy to Innovation - How to Dream Big but Start Small
Connect the dots between innovation and core business strategy to engage stakeholders, secure funding, and build the case for new ventures. Like everything else in the business world, trends in corporate innovation come and go. And as market conditions shift, the way businesses see the role of their innovation teams is always changing. As Paige…
Meeting ESG Goals With Open Innovation
Banking on the future: How an open innovation platform helped Société Générale make single use plastics a thing of the past. When it comes to solving problems, two heads are better than one. But there’s no need to stop there. The more perspectives we have on a problem, and the greater the variety of skills and expertise we can apply to it, the…
World’s Largest Organizations Join Forces To Solve Complex Innovation And Growth Challenges
Mars Inc, Kraft Heinz, RTI and 20 of the world’s largest organizations are joining forces to form Innov8rs CoLab Innov8rs CoLab is an invite-only and member-driven collaboration of senior innovation leaders from the world’s leading organizations. The group works together to solve corporate innovation management challenges, share best practices and…