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 […]

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 […]

Cultivating a Thriving Culture for Innovation: A Practical Leadership Approach

Posted by Cris Beswick
On 23/05/2024

Innovation has often been treated as a cyclical phenomenon, eagerly embraced during prosperous times and relegated to the sidelines during economic downturns. However, in today’s globalised business landscape, where geographic boundaries and market barriers are rapidly disintegrating, a company’s innovation ability has become a constant imperative rather than a passing trend. The capacity to tap […]

The Art of Corporate Spin-Outs: When to spin-out? How to spin-out?

Posted by Dan Toma
On 14/11/2023

In the volatile economic environment of today, if done right, innovation isn’t just a buzzword; it’s the lifeline of the company. Corporations are constantly seeking ingenious ways to breathe life into groundbreaking ideas, and spin-outs are just one of many ways in which companies can make innovation a viable proposition. “Spin outs” typically refer to […]

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 […]

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 […]

How Audi and others can avoid their Kodak moment

Posted by Cris Beswick
On 08/02/2023

In one of our recent articles, ‘Can Audi avoid its Kodak moment?’, we discussed the implications for Hildegard Wortmann’s view that there is only a 50% chance that Audi will still exist in 10 years. We proposed that her view as an Audi AG member of the board of management responsible for Sales & Marketing […]

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. […]

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