Setting Goals for Innovation

Posted by Dan Toma
On 24/04/2023

Setting goals for the innovation investment is critical if your company treats innovation as a business imperative activity and not just a nice to have that happens on the sideline. This said, setting goals for innovation becomes even more critical in times when resources are scarce and the company needs to reshuffle its priorities. Experience […]

Moonshots are Nice, but do you Have a Space Program? Building an Innovation System.

Posted by Dan Toma
On 19/04/2023

We believe that any company in the world can launch a moonshot providing that the project is sufficiently supported by the leadership of the company. But few companies have an innovation system able to constantly launch new innovations in the market.

Does Your Company Actually Need Innovation Accounting?

Posted by Dan Toma
On 21/03/2023

Many companies complain about the lack of innovation metrics but in many cases the lack of innovation accounting is not the most important thing the company needs to focus its efforts on.

Three Things Your Company Needs to Have in Place to Implement Innovation Accounting

Posted by Dan Toma
On 07/03/2023

You ability to measure innovation is tightly connected to the maturity of your company's innovation system. There are certain things you have to have in place to be able to implement and benefit from innovation accounting.

Want to innovate? Start with a business case

Posted by Dan Toma
On 22/02/2023

Asking intrapreneurs for a business case or a financial forecast early on is useless. Or at least this is what the innovation community has been trying to convince corporate leaders for the past years. Countless articles were written on the topic and an endless flow of social media posts went out to convince leaders that […]

Three Organizational Designs for Innovation

Posted by Dan Toma
On 30/01/2023

The design/structure of an organization can help or hinder its progress toward its goals. Independent of size and industry, organizations can achieve their goals by properly matching their needs with the structure they use to operate. Here are three ways in which innovation can be organized.

Why is a Career in Innovation Management a Bad Idea. And What Can You do About it.

Posted by Dan Toma
On 10/12/2022

In most companies that don't have an embedded system for innovation or don't take innovation management seriously, following a career in innovation management is advisable if you want to make it to top management later in life. But there are still things one can do.

Five Innovation Accounting Indicators that are Telling you if your Middle Managers are Stifling Innovation

Posted by Dan Toma
On 21/11/2022

It is a well established fact that middle management plays a crucial role in driving innovation. But in the absence of clear indicators for innovation performance it is difficult to say if middle management is actually driving innovation or stifling it.

Three Things to Consider When Developing an Innovation Strategy

Posted by Dan Toma
On 07/11/2022

The traditional approach to developing a business strategy that is carried to innovation strategy development is inconsistent and insufficient to tackle the challenges in the business environment of today, therefore leaders are already seeking alternatives.

Why Now? Why Us? A Radically Rational Guide for a Winning Business Strategy

Posted by Dan Toma
On 10/08/2022

Most corporate strategies, if they are developed well (and from our experience that’s a big IF), are great at giving a direction for a company’s efforts for the foreseeable future. In essence, they are great at explaining where the company is heading and what it wants to achieve. When Netflix made the transition towards streaming […]

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