How Corporate Venture Builders Succeed (and Why They Even Care)
Eight in ten surveyed CEOs report new-business building as a top five priority despite recent heightened economic volatility. That makes sense, as every dollar of revenue from new businesses generates almost twice the enterprise value versus every dollar of core business revenues. Still, organizations will need to more than double their rate of…
Viable Innovation Teams
The right people with the right idea at the right time and with the right funding can do wonders. Yet what is considered "right" can vary significantly from day to day, and determining what factors contribute to building a viable innovation team can be challenging. During our recent Innov8rs Learning Lab on Culture, Talent & Teams, Bruno Pešec…
Always Change A Winning Innovation Team: Why Reinvention and Change are Prerequisites For Innovation
The right people in the right place are key to meeting current and future growth challenges. In the current rapidly evolving business environment, staying innovative, agile, and resilient is increasingly difficult for corporates. Without the right people in the right positions, meeting these growth challenges can become even more daunting. Is…
Venture Clienting: A Vehicle for Win-Win Corporate-Startup Partnerships
Being an early customer for startups – rather than investing in them – can boost your innovation impact. For decades, tools such as accelerators, incubators, and CVCs have propelled corporate innovation by granting access to state-of-the-art technologies, business models, and offerings, paving the way for endless possibilities. However, a new…
Green Venturing: The Path to Tackling the Climate Emergency
It’s time to act. Climate change requires less discussion and more action. And corporates are increasingly interested in pursuing sustainability initiatives. The good news is that they can drive growth while tackling the world’s biggest problems through green venture building. However, many struggle to effectively execute on their green venturing…
Unleashing The Superpower That Is Intrapreneurship
Intrapreneurship is a superpower that drives innovation for any organization, waiting to be unlocked. To harness this power, corporates should prioritize people whilst blending innovation and creativity with structure and focus. Embracing the chaos in between is crucial. Easier said than done? Read what Daniel Alexus (Head at Ericsson ONE) shared…
Strategically Engaging With Innovation Ecosystems
Sponsoring a hackathon or having sporadic interactions with external partners won’t significantly enhance your innovation ability. To achieve innovation goals and secure competitive advantage, corporates should learn how to work with innovation ecosystems strategically and systematically. Most fail to leverage these ecosystems effectively despite…
Innovation Project Governance Do's & Don'ts
Despite its importance, innovation project governance is often handled ineffectively, slowing down rather than driving innovation. Innovation project governance is a decision-making discipline for leaders to decide which ideas to pursue, how to allocate the innovation budget, and how to assign resources. Through this process, senior management can…
Setting Sail for Success: The Importance of Corporate-Venture Alignment
Establishing product-market fit is critical for any new corporate venture, but that's just one component of successful corporate venture building. As many of us know from first-hand experience, a venture's success is not guaranteed even with a product-market fit, as it may still face failure or termination by the corporation. To be successful, a…
Measuring Open Innovation
Corporates can’t build everything themselves- no matter how good they think they are. When it comes to innovation, some initiatives may be too risky or outside of a corporation's capability zone, leading to a longer learning curve. Other endeavors may be too new or too complicated to initiate, and corporates may not have all the required skills…
Corporate "AInnovation" - How Will ChatGPT and AI Change Corporate Innovation?
AI will not replace innovators. But innovators who use AI will replace those who don't. The potential of AI in the corporate world is immense, from strategy mapping and competitive landscaping to opportunity seizing, brief generation, and startup identification. How can you effectively leverage AI in your daily job? During our recent Innov8rs…
Open Strategy: Mastering Disruption From Outside The C-Suite
Making strategy behind closed doors is a prescription for failure when disruptions are coming from all directions. Formulating and executing a sound organizational strategy is complex. Strategy is often made by elite teams and can thus be limited by their biases about competitors, customer needs, and market forces. And it can be an uphill battle…