What the latest BCG report tells us about what leaders need to do to build innovation capability

Posted by Cris Beswick
On 23/07/2024

Innovation has never been a higher priority for companies, yet most struggle to deliver on their aspirations. BCG’s 2024 global innovation survey found that 83% of companies rank innovation as a top-3 priority. However, innovation readiness has plummeted, with just 3% of companies scoring in the “ready zone” on BCG’s innovation maturity benchmark, down from 20% in […]

Fostering the Right Culture FOR Innovation – The Vital Role of Psychological Safety in Leadership

Posted by Cris Beswick
On 27/06/2024

Innovation has become one of the cornerstones of success because leaders know that failing to adapt and embrace new ideas risks their organisations being left behind by more agile competitors. However, innovation doesn’t happen in a vacuum – it requires an environment where employees feel empowered to take risks, challenge assumptions, and contribute their unique […]

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 […]

Innovation-led Transformation: Unleashing the Power of Middle Managers

Posted by Cris Beswick
On 06/06/2024

Innovation-led Transformation: Unleashing the Power of Middle Managers Transformational initiatives have become a ubiquitous pursuit across the corporate landscape, with a third of significant organisations continuously undertaking some form of large-scale change program. However, the vast majority ultimately fail to deliver lasting impact despite the fanfare and resources dedicated to these efforts. Instilling an authentic […]

When Building a Culture For Innovation, Form Follows Function

Posted by Cris Beswick
On 16/05/2024

First, let’s unpack a Culture OF Innovation vs A Culture FOR Innovation. Innovation is not a monolithic entity that can be injected into an organisation’s cultural fabric. Instead, it emerges as the synergistic product of elements intentionally combined within a nurturing environment. With this understanding, we can delineate two distinct cultural paradigms regarding innovation: The […]

Overcoming the Innovation Paradox: Three key reasons why Large Organisations Struggle to Stay Ahead

Posted by Cris Beswick
On 30/04/2024

In the modern business world, where disruption is the norm and change is relentless, the ability to continuously drive innovation-led growth has become the ultimate competitive advantage. Yet, for many large, established organisations, the pursuit of building innovation capability and embedding it into organisational culture remains an elusive and often frustrating endeavour. Despite pouring significant […]

The core principles of Leading FOR Innovation

Posted by Cris Beswick
On 28/03/2024

It’s no secret that in today’s dynamic business landscape, for some, innovation is still just a buzzword – but for others, it’s the lifeblood of their organisation and an antidote to remaining relevant. At the helm of this radical evolution stand leaders who are pioneers, visionaries, and, most importantly, adept at catalysing novel ideas into […]

Cost of Failure vs. Rate of Failure

Posted by Dan Toma
On 21/03/2024

SUMMARY Deciding to focus on the cost of failure instead of the rate of failure will have many positive consequences in your company innovation system Tracking the cost of failure will encourage a mindset gravitating around (cost effective) experimenting and prototyping while, an emphasis on rate of failure will prompt leaders to do the impossible […]

The Three Things Open Innovation Needs to Work

Posted by Dan Toma
On 04/10/2023

Outcome partnered with TechSauce for the 2023 global summit. Part of this partnership Outcome helped curate the corporate innovation track at this year’s event. Hence about two months ago I had the pleasure to host a panel discussion on the topic of open innovation in Bangkok. Given the prestige of the TechSauce stage, my panelists’ profiles were […]

Why the Core Skill for Leading For Innovation is Empathy

Posted by Cris Beswick
On 22/05/2023

As a leader in an organisation that wants to drive innovation, it is crucial to have the ability to understand and relate to your people. Empathy is essential for creating effective cultures that allow organisations to thrive in increasingly competitive environments. Allowing leaders to develop empathy-based relationships can make all the difference towards creativity, innovation, […]

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