How To Organize Innovation For High Performance
How to organize innovation? That’s one of those questions with no single right answer- yet at the same time, it’s one of those big decisions you need to make one way or the other. How to organize innovation has been a widely discussed topic in the last couple of years. Many big companies have tried to build labs, accelerators, and other programs.…
A Checklist for Maximizing Your Corporate-Startup Relationship
Like any relationship, it takes work to make the best out of your startup collaborations. Often, these relationships start with excitement and optimism, but once that honeymoon period is over, frustration can set in as one or both partners wake up to the reality that they are not achieving all of their goals and expectations. During our recent…
Venturing Into the Future of Mobility at Goodyear
Goodyear – a 124-year old company – continues to evolve its business and adapt to the changing expectations of customers in the new mobility space. Within its lab, Goodyear’s innovators build strategic relationships with startups aimed at creating knowledge and ultimately digitizing the existing assets to develop successful innovations like AndGo.…
Transparency, Recognition and Self-Appointed Teams: Fostering Employee-Driven Innovation at Scale
Most companies have a large and powerful source for innovation that, to a large extent, is left unused – their employees. Tapping into your employees' collective genius can create a potent pipeline that delivers growth, and it also raises engagement within your company. Looking inward to get started is not only the ‘right’ thing to do- it also…
How World Class Companies Manage Their Innovation Portfolio
Managers often make the mistake of believing they can choose a winning idea on day one. That's not how innovation works. The best way to find a good idea is to invest in loads of ideas, then see which ideas are showing traction over time. The more ideas you have, the better chance you have of finding something of value to create a new…
The Mindsets Needed for High-Performing Innovation Teams
Large organizations are usually really good at incremental innovation. That's what they're wired to do. But when it comes to true disruption, most corporations struggle to drive permanent, repeatable, and scalable growth. As innovation absorbs money and resources and needs investment and protection, corporates must shift from thinking about growth…
The Problem With Lean Startup... And Solution To Its Fatal Flaw
A business is a system- and when it comes to systems, optimizing only parts will pessimize the whole. That's the reason why applying principles of – “start small, solve for Product-Market Fit, and build iteratively in the market" – to new, unimagined market spaces often creates ventures with no path to profitability. In this article, we’ll dive…
How to Use the Principles of Innovation to Tackle the Sustainability Challenge
Recent times have been a catalyst for personal and social re-prioritization, urging reflection on important topics and accelerating social, economic, and technology trends. This is reflected in anything from expanding the reach of digital tools and online shopping, to the rising importance of mental wellbeing and supporting local businesses. More…
The Key Conditions To Get Results From Working With Startups
Corporates and startups face big challenges in working together, given their different sizes and cultures. However, corporate-startup relationships offer untapped potential. So better to find ways to stay ahead of challenges before they threaten possible outcomes. During our recent Innov8rs Connect on Startup Collaboration & Ecosystem…
Innovation For Sustainability: How Lufthansa, bp and Enel Are Organized For Leading The Way in Their Industries
Climate change projections are getting more alarming more urgent. As such, consumers and employees demand brands to take action, and governments are implementing aggressive environmental and climate regulations. It’s clear we can’t continue with business as usual: we need new solutions at scale- fast. As innovators, we know that’s easier said than…
Corporate Venture Building: The Practice
Previously, we explored why corporate venture building seems to offer a better path to innovation and growth. We outlined the key elements of the end-to-end corporate venture building process in this article: from alignment with the mothership and leadership buy-in, to governance and funding models and the team setup. In the follow up article…
The What & Why of Continuous Discovery
The best teams recognize that digital products are never finished; they constantly improve. There's always a need to have continuous product discovery in the digital world, and as such, it's important to create a regular cadence of interaction between the product team and the customers they’re building for. At our recent Innov8rs Connect on…
