Organizing for Game Changing Innovation
The case for game changing innovation The notion that innovation is a key driver of top-line growth and total shareholder return is widely accepted among business leaders everywhere – as evidenced by their ongoing (and escalating) commitment to investment in innovation initiatives and new product development. The case for more radical, game changing innovation—the kind […]
Innovation Assessment for smarter investments
An innovation assessment helps executives make informed decisions about investing in innovation. Every year, businesses allocate more resources to innovation capabilities in pursuit of growth, as studies demonstrate a direct link between innovation and financial performance. Some of this confidence seems misplaced, as many executives are disappointed with the return on their innovation investments. It […]
How to embed an innovation culture
Innovation Culture isn’t a program. it’s the by-product of a better system. “Innovation culture” is one of the most overused phrases in corporate life—and one of the most misunderstood. Many organizations treat culture as something you can install: a campaign, a set of values, a few workshops, maybe an incubator, and a poster or two. […]
How to Develop an Innovation Strategy
Three months after the “big innovation kickoff,” the pipeline looked great on paper: dozens of ideas, energetic teams, a new portal, and plenty of activity. Yet the leadership team still asked the same blunt question in the quarterly review: “So…what changed?” That moment is where innovation strategy stops being a buzzword and becomes a management […]
How the ZF Innovation Team improved their Innovation System.
Gandert van Raemdonck, Head of Innovation at ZF Commercial Vehicles, discusses how innovation drives the future of automotive by building the next generation of commercial vehicles.
Innovation Portfolio Management for more impact
Did you know that 84% of executives believe innovation is key to their company’s success and that 41% believe they are at risk of being disrupted, yet 78% of companies focus only on incremental innovation? We’re using innovation to serve short-term business goals at the expense of our longer-term business strategy. Innovation Portfolio Management is […]
How to align management around objectives for innovation
Studies have shown that creating alignment is one of the five most essential capabilities to increase return on your innovation effort (BCG, 2020). Despite this awareness, 56% of globally surveyed companies identify the alignment of innovation targets as a significant issue (PwC, 2017). Organisations with complex product portfolios often find themselves struggling to align the […]
Make Innovation Happen: 4 Steps for Innovation Execution
In todays “lean” organization time and attention are a scarce commodity. What can companies do to make innovation happen efficiently and successfully?
Taking Your Innovation Stage Gate to the Next Level
The stage-gate process has been a cornerstone of product development since the 1960’s. As applied to innovation, the stage-gate process often yields incremental innovation. Despite its benefits, the stage-gate approach has led to a lot of unintended consequences that inhibit innovation. So how can we adjust the stage-gate process to be more innovation friendly?