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, […]

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 […]

Innovation is a Team Sport

Posted by Cris Beswick
On 01/03/2023

At OUTCOME, we believe innovation is a system game, meaning it’s a team sport. The challenge is that many organisations have lost sight of the true definition of a team. As defined by Professor Leigh Thompson of the Kellogg School of Management, “a team is a group of people who are interdependent with respect to […]

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 […]

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.

HR, from corporate police to champions of LOVE

Posted by Cris Beswick
On 06/12/2022

For more than a decade now, the fundamental challenge around driving real growth and value from innovation is tied to many companies low focus on organisational design and culture. The design of an organisation and more importantly, how its people contribute, places HR at the centre of the challenge. Sometimes historically referred to as the […]

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. […]

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.

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