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…
Building Corporate Sustainability Ventures
Building corporate ventures with a positive impact mission is challenging. The sustainability transformation is inevitable and rewarding from different angles. Previous research shows that 81% of a globally representative selection of sustainability-driven companies outperformed their counterparts in 2020, despite a market downturn. The large…
More Than Ideas: Learnings From Managing Intrapreneurship Programs
Intrapreneurship programs are not easy to implement. Since business environments are rapidly changing, it isn't surprising that intrapreneurship programs are increasingly popular. They support employees develop innovative solutions, often informed by their daily interactions with customers, partners and other stakeholders. Yet not every…
Bringing The Business Along
Innovation teams often find themselves in a catch-22. The business needs more evidence in order to provide support, and yet they need the business' support in order to deliver that evidence. How to deal with this tension? How to get internal stakeholders to understand what’s happening outside? In other words, what is the best way to bring the…
How to Get Leadership Support for Innovation In Times of Crises
Crises stifle innovation. Research by McKinsey and others shows that organizations that focus on innovation during crises outperform the market average. Moreover, they’re likely to continue growing rapidly in the years to come. However, recent financial pressures have caused many organizations to make suboptimal decisions from an innovation…
Portfolio Management: Linking Strategy to Resources and Execution
It takes an innovation system to drive innovation performance. Alongside clear innovation priorities, optimized innovation pathways, and empowered innovation people, innovation portfolio management is a primary component of a complete innovation system. These elements already exist in almost every successful organization and are connected behind…
Business Design is reDesign – Start Mapping and Stop Controlling
Amidst today's uncertain economic conditions, organizations struggle to meet their innovation mandates. By definition, innovation involves continuous reinvention. A well-designed organization attracts and retains top talent, just as better-designed products and services attract customers. Yet organizations resist change and lack the courage to…
Innovation Management in 2023: Venture Building & Scaling
Business building is at the top of corporates’ agendas. A recent McKinsey report finds that eight in ten surveyed CEOs report new business building as a top five priority despite recent heightened economic volatility. And in 2023, this trend is likely to increase further. Beyond the hype, are we seeing investments in "business building" paying…
Innovation Management in 2023: Open Innovation & Partnerships
Nobody can solve everything on their own. When we collaborate more openly with others, our odds of solving real problems and creating value for our customers and users increase. For corporates, open innovation is all about being transparent and public about the challenges and themes they're looking to go after and solve, and then finding the…
Innovation Management in 2023: Culture & Talent
You can have the best innovation strategy in the world, but you won't get far without a supportive culture across the organization and the right talent within your innovation teams. When it comes to creating or changing a culture of innovation, what works? What's needed to build high-performing innovation teams? During our recent The Innovator’s…