Commodore Innovation

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After a strong Q3, where next for innovation investment?

Commodore Innovation

Innovation spending grew strongly in Q3. Investment in innovation by US-listed firms grew strongly in the third quarter of 2020—reflecting strong economic growth for the quarter 1. After falling about 2.9%

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R&D investment grew by nearly 12% in Q4 of 2020?

Commodore Innovation

Research and development expenditure grew dramatically in Q4 of 2020—by nearly 12% compared with Q3. However, just three sectors accounted for most of that growth: pharmaceuticals, biotechnology & medical research, and software & IT services.

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What Osterwalder gets wrong (and right) about innovation metrics

Commodore Innovation

Strategyzer, the innovation services firm co-founded by Alexander Osterwalder, has popularized several innovation tools and methodologies (e.g., the business model canvas).

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Nordic Study: 3 Common Problems With Innovation Metrics

Commodore Innovation

A recently published study 1 , by Ilse Svensson de Jong, highlights three problems with innovation metrics that can seriously hurt firms’ innovation efforts.

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Roadmap Personas: The Best Way to Set Expectations for Teams, Clients, and Leadership

Speaker: Johanna Rothman - Management Consultant, Rothman Consulting Group

Join Johanna Rothman as she discusses developing persona-specific roadmaps and the reasons why sometimes less is more.

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What a recent HBR article gets wrong (and right) about innovation metrics

Commodore Innovation

A recent HBR article ( here ) claims that use of innovation metrics (especially financial metrics) too early will “suffocate” your most promising innovations.

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Now is the worst time imaginable to reduce innovation budgets

Commodore Innovation

While the effects of COVID-19 vary dramatically by sector, many companies face significant pressure on their innovation budgets. If prior recessions are any guide , we might expect annual innovation spending to fall by 5-6%.

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Budget cuts are here. Time to bolster the case for innovation.

Commodore Innovation

“What we are ultimately going to be able to accomplish is directly tied to the rest of the organization believing we’re important.” ” —senior director of innovation, aerospace industry.

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COVID-19: Your innovation strategy’s been updated. Now what?

Commodore Innovation

Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step.

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COVID-19: Business R&D Spending Will Fall by at Least 5-6%

Commodore Innovation

In the last few weeks our worlds have been turned upside down. As individuals we are grappling with the fear, disruption and uncertainty brought about by COVID-19. The organizations we work for are scrambling to manage extraordinary challenges.

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The Innovation Performance Measurement System Check-up

Commodore Innovation

Problem : Most firms neglect to evaluate the effectiveness of their innovation performance measurement systems. Action : Conduct a quick check-up by following the 3 steps below. High-performing companies know that using metrics effectively is critical to managing innovation. And … The post The Innovation Performance Measurement System Check-up appeared first on Commodore Innovation. Latest Blog Posts

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Designing For Engagement: Revive Your L&D Strategy with Gamification, VR, and More

Speaker: Stephen Baer - Chief Creative Officer, ELB Learning & Luke Talbot - Chief Product Officer, Userlane

In this fireside chat, leading L&D experts Stephen Baer & Luke Talbot will discuss the exciting technological advancements in eLearning and how you can choose and implement the right technology for your company.

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How to improve measurement of innovation performance in your organization.

Commodore Innovation

Once you’ve decided you want to do something about how your organization measures innovation performance, knowing what to do next isn’t always obvious. We often have conversations with innovation leaders who get to this point and reach out to us … The post How to improve measurement of innovation performance in your organization. appeared first on Commodore Innovation. Latest Blog Posts

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The Innovation Culture Balancing Act

Commodore Innovation

Everyone agrees that organizational culture is a key driver of (or hindrance to!) innovation performance. It’s obvious on its face, given that culture affects things like how well teams work together, how fast decisions are made, and how much risk … The post The Innovation Culture Balancing Act appeared first on Commodore Innovation. Latest Blog Posts

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Benchmark Innovation Performance

Commodore Innovation

How does your innovation performance compare to your competitors’? It’s just human nature to be curious about how your performance compares with that of your competitors. But when it comes to innovation performance, this instinctive desire for benchmarking is also … The post Benchmark Innovation Performance appeared first on Commodore Innovation. Latest Blog Posts

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Most Companies’ Innovation Performance is Declining. Is Yours?

Commodore Innovation

Research shows widespread, declining innovation performance. At first glance, the idea that companies are getting worse at innovation seems ridiculous—“innovations” are such a prevalent part of our daily lives. And we are fed a constant stream of information about the … The post Most Companies’ Innovation Performance is Declining. Is Yours? appeared first on Commodore Innovation. Latest Blog Posts

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The Operational and Creative Mindsets in Innovation Portfolio Management

Commodore Innovation

Problem : Innovation leaders need to balance Operational and Creative mindsets, but it’s easy to overemphasize one. Action : Answer 10 questions to review and calibrate your practices and metrics. As an innovation leader, you have to enable creativity and … The post The Operational and Creative Mindsets in Innovation Portfolio Management appeared first on Commodore Innovation. Latest Blog Posts

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The L&D Strategy Roundtable

Speaker: Cara North - Learning & Development Consultant, Speaker, & Researcher | Maggie Quigley - Senior Account Executive for US Market Userlane

In this webinar, L&D professionals Cara North and Maggie Quigley will discuss the various factors that affect training and how you can stretch your budget to create an effective L&D program.

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The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization

Commodore Innovation

Business leaders and consultants have been talking about the importance of working across functions to improve innovation performance, for decades. But lack of alignment across levels of the organization is just as problematic for innovation, if not more so. These … The post The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization appeared first on Commodore Innovation. Latest Blog Posts

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Measurement for breakthrough projects – Practitioner’s Dispatch Series

Commodore Innovation

It’s always helpful to hear from people who have struggled with and overcome a problem you’re facing. With this post, we’re excited to launch the Practitioner’s Dispatch, a new series featuring innovation practitioners’ battle-tested advice on common problems. First up … The post Measurement for breakthrough projects – Practitioner’s Dispatch Series appeared first on Commodore Innovation. Latest Blog Posts Practitioner's Dispatch Series

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Communication is Job 1 of your innovation measurement system

Commodore Innovation

I heard an innovation leader at a Fortune 100 company remark recently, “There are lots of jobless innovation managers out there who will tell you—’if I knew then what I know now, I would have communicated better.’”. I hadn’t thought … The post Communication is Job 1 of your innovation measurement system appeared first on Commodore Innovation. Latest Blog Posts

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