Ways of Mapping Your Innovation Portfolio

Posted by Dan Toma
On 09/10/2024

Innovation-led growth, at its core, hinges on how resources are allocated; it’s not simply a matter of creativity or generating new ideas. The challenge lies in prioritizing a portfolio of initiatives in a way that aligns with a company’s strategic goals and prepares it for the future. Often, companies fall into the trap of using […]

How to Reboot Your Innovation System

Posted by Cris Beswick
On 16/07/2024

Having written several books over the past decade and contributed small snippets of thought leadership or entire chapters to over a dozen other books, I still return to the book I wrote with Derek Bishop and Jo Geraghty of Culture Consultancy fame. Despite the world of corporate innovation seemingly moving on from when we wrote […]

The Decline of Corporate Innovation Arms: Why It Makes Sense and How to Reconnect Innovation with Strategy

Posted by Dan Toma
On 20/06/2024

In recent years, numerous companies have made the decision to close their innovation arms. Notable examples from this year alone include Migros, ZF, SAP, FWD, and Walmart. At first glance, this trend might seem counterintuitive. After all, innovation is often touted as a crucial driver of growth and competitive advantage. However, a new study by Boston Consulting Group […]

Rallying organisations around forward-thinking innovation strategies

Posted by Dan Toma
On 05/09/2023

Outcome talks to Aleksandra Petkov-Georgieva from Raiffeisen Bank International about the challenges of building innovation capability and culture in large complex organisations, why chasing the radical isn’t always the best strategy and why organisational alignment is critical for driving meaningful change through innovation. Outcome: Many companies tend to discount more ‘adjacent’ innovation activity, i.e., activity more […]

Thesis-based Investment or Theme-based Investment

Posted by Dan Toma
On 23/06/2023

One of the worst mistakes companies make when pursuing innovation-led growth is to sink their money into various investments without knowing why, beyond just ‘it’s a cool technology that can disrupt us’ or ‘it’s the board’s pet project’. Yes, this sounds like the world’s most obvious mistake to avoid, but in our experience, we’ve seen […]

The Innovation Thesis and its Structure

Posted by Dan Toma
On 14/06/2023

President Kennedy’s address to the joint session of the US Congress on May 25th 1961 can be viewed as the start of the space race: “… I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to […]

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 […]

Can Audi avoid its Kodak moment?

Posted by Cris Beswick
On 01/12/2022

Recently Hildegard Wortmann, Audi AGs member of the board of management responsible for Sales & Marketing, said that there is only a 50% chance that Audi will still exist in 10 years. As alarming as this might sound, her perspective is probably rooted in acknowledging that the company cannot adapt quickly to changing customer preferences. […]

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.

If you want innovation, start with the right breakfast!

Posted by Cris Beswick
On 10/11/2020

Does culture still eat strategy for breakfast? That’s the question which I posted in a webinar which I was invited to present by ‘We are lean and agile’, a company whose vision statement is ‘making improvement easier for you.’ Through a mix of coaching and the deployment of Engage Process software they help organisations to […]

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