Commitment To Innovation Leads To 2.4x More Profit
Have you ever had to prove or justify your spending on innovation? Research by McKinsey shows that a high commitment to innovation is correlated to 2.4x better financial performance. In this piece we will explore how you can take the first steps towards achieving it. In times of financial hardship, companies react differently. While some press…
The 9 Secrets to Bringing Ideas to Life
Over the last 7 years, Will Read and the team at Sideways 6 have learned a lot about what it takes to implement ideas and innovation at big companies. And it’s not easy. In fact, it can be pretty darn hard. Will joined us for Innov8rs Connect Unconference 2021 to share the nine secrets that enable some of the biggest companies in the world to not…
How to Design a Growth Incubator
We all know the average lifespan of a business has dramatically dropped in recent years, but still, large organizations have such a difficult time successfully creating new business lines and renewing themselves as a result. In his session at a recent Innov8rs Connect event, Mach49’s Edward Ross gave us two clear examples. Marriott should have…
The New Leadership Toolbox to Drive Innovation
When you're trying to drive innovation, one of the key shifts to make as a leader is that you have to give up on the need to get it right the first time. Tendayi Viki, Associate Partner at Strategyzer and author of Pirates in the Navy, The Corporate Startup, and The Lean Product Lifecycle, joined a recent Innov8rs Connect event to discuss the…
Lean Scaleup: Building New Businesses From Innovation
Companies are not good at building new businesses from innovation. Only 1 out of 10 attempts make it to scale and become a sizeable business. According to Frank Mattes, co-author of Lean Scaleup, there are two fundamental issues causing this. The first issue is that under one roof, you have two systems that are designed for two totally different…
Learnings From Building 24 Corporate Ventures
Corporate venture building is one of the most hyped subjects in the innovation world at the moment. McKinsey data suggests that corporations that prioritize business building grow faster, respond with more resilience, and succeed in parallel ventures more often. But there's a problem. Most business building ventures fail. Bernd Schmidt &…
Upgrading Your Executives On Innovation
While innovation is essential for the growth and survival of a business, many leaders don't feel equipped with the resources or expertise required to innovate—or, even worse, they don't recognize the importance of innovation for their company. At a recent Innov8rs Connect event, Stefan Lindegaard broke down the challenges facing organizations when…
The Entrepreneurial Ecosystem Enabling Organization
The continuous technology-driven unbundling of markets and the rising complexity and unpredictability of our socio-economic systems are pushing us to redesign a theory of organizing that works for the 21st century. Such a theory, as Simone Cicero shared recently on our virtual stage, is based on transforming organizations into networks of loosely…
How Executives Develop Herd Immunity to Innovation
How did the terms “brainstorming” and later on “design thinking”, become synonymous to “ideation” or “innovation”? This is a strange phenomenon, made doubly puzzling by the fact that both BS and DT are respectively pretty useless and not-so-helpful when it comes to driving people, teams and companies to break their usual ways of thinking and…
The Disruptive Leadership Report: A New Playbook for Leaders of the 4th Industrial Revolution
We are in times of unprecedented disruption and change – climate change, the global pandemic and rapid, seismic shifts in technology are reshaping how we work, live and consume at a pace we can barely comprehend. Social and political upheaval are forcing businesses to question their own role in building societies that work for everyone and their…
Why Does it Take a Crisis to Unlock Innovation
Why do innovation efforts fail and what is different about innovation in a crisis that enables new ideas to launch at speed? What are the key attributes of a crisis that we should leverage during non-crisis times? During our recent Innov8rs Connect on Strategy, Leadership & Governance Domhnaill Hernon (VP, Innovation, Strategy, Creativity,…
Innovation Ability Predicts Growth
Across the board, innovation efforts aren’t yet yielding enough results. The missing piece is the human aspect of innovation – the raw innovation ability or innovation talent of the workforce. A snippet from Suzan Briganti’ session during the Innov8rs Connect Unconference, June-September 2020. To watch the full session recording, join Innov8rs…
