Creating an innovation strategy is a team effort!

Posted by Dan Toma
On 28/09/2020

An inclusive and consensual approach to developing bold innovation strategies is needed. Why, you ask? Historically speaking, strategy formulation was an activity reserved for a select group of individuals in an organisation or external consultants. Starting in the 80’s the strategy development process was professionalised as it evolved from the chief executive’s domain into a […]

The 9 Mistakes Venture Boards Make

Posted by Dan Toma
On 31/08/2020

Although in principle everyone agrees that corporations need to get better at mimicking the venture capital world when it comes to taking investment decisions in ventures, in reality this is proving harder to apply. One of the vehicles corporations created internally to be able to make better and faster decisions with respect to their innovation […]

Measuring Ethics

Posted by Dan Toma
On 04/08/2020

Today all industries go through changes, making an understanding of the factors that influence purchase decisions highly important. With every firm attempting to gain a desired share of the market by providing the highest quality products that are readily available at a reasonable price – the competition is fierce. However, in an abundant world where […]

The Venture Boards

Posted by Dan Toma
On 16/07/2020

Measuring innovation at product team level is not enough to have an innovation accounting system. Innovation has become an important activity for the survivability and future profitability of a company. Therefore more and more stakeholders are drawn to the process of building the company’s future offerings. Keeping one group of stakeholders in the dark is […]

9 Signs Your Industry is About to be Disrupted

Posted by Dan Toma
On 23/06/2020

With entrepreneurial successes such as Airbnb, Warby Parker or SpaceX taking over industries, the desire and ability to disrupt a sector via technological design is on the rise. Digitally advanced startups, entrepreneurs and innovators are disrupting the norm, in an otherwise controlled corporate industry, taking the lion’s share of markets and delivering far superior services […]

On the 50th anniversary of the Moon landing, does your company have what it takes for a moonshot?

Posted by Dan Toma
On 12/05/2020

Fifty years ago today, on July 20th 1969 the first two humans, Neil Armstrong and Edward Eugene ‘Buzz’ Aldrin, landed on the Moon. All while the third member of the Apollo 11 mission, Michael Collins was orbiting the Moon in the command module. This huge achievement was made possible by a team of more than […]

Slicing and Dicing Innovation Vehicles

Posted by Dan Toma
On 07/05/2020

In this current global market, large corporate companies have seen first-hand their industries disrupted by innovative startups. Startups that bring new technology to their clients and offer customers something novel to an already existing need. For established corporates to stay ahead, they need to allow for disruptive innovation to happen internally. Allowing entrepreneurial, accelerated corporate […]

Defensive vs. Progressive transformations

Posted by Dan Toma
On 05/05/2020

Most corporations in need of transformation are complex organizations. This complexity was built in decades of focusing on optimizing the core business. With complexity people tend to lose sight of the big picture and become specialized. Hence the problem they see in front of them looks like the most important and urgent, while everything else […]

Experiment Velocity vs. Learning Velocity

Posted by Dan Toma
On 30/04/2020

I was partially wrong promoting ‘experiment velocity’ as an important Innovation Accounting KPI. I’m gonna tell you why and what’s the fix. But first let me briefly tell you how I initially concluded that ‘experiment velocity’ was the Innovation Accounting KPI to rule them all. Financial KPIs should not be used to measure new businesses. […]

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