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…
How To Succeed At Corporate Venture Building
8 out of 10 CEOs rank new business building among their top five priorities despite recent heightened economic volatility. Yet 87% of corporate ventures fail after the MVP stage, mostly due to cultural conflicts and non-effective governance frameworks to execute and turn that innovation into reality. How to reverse this course and arrange a…
How to Keep Innovating in an Economic Downturn
As we seem to heading towards economic downturn, leaders find themselves trying to reduce costs and foster growth at the same time. This dichotomy delivered by the financial pressure is unfortunately pushing many leaders and top managers towards suboptimal decisions that tend to focus more on survival and not enough on investing in the future. And…
How To Build An Innovation Capability That Lasts
Without a well-established innovation capability, continuous innovation is nearly impossible. Most corporates can innovate occasionally and be successful in doing so. Yet sporadic innovation is not enough to keep up with changing markets and evolving demanding customer needs. Unfortunately, not all corporates know how to innovate consistently over…
