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The digital innovation era calls for new board leadership

Innovation 360 Group

The second strategic direction is to apply the so called three horizon model for innovation governance (McKinsey, McKinsey Quarterly report, 2009) in multiple and parallel time perspectives (figure 2). In this model, the shorter perspective, the current (core) business, is called Horizon 1(H1). Figure 2, Applying the Three Horizon Model.

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The digital innovation era calls for new board leadership

Innovation 360

The second strategic direction is to apply the so called three horizon model for innovation governance (McKinsey, McKinsey Quarterly report, 2009) in multiple and parallel time perspectives (figure 2). board leadership new leadership innovation. board leadership new leadership innovation. Innovation 360 Group.

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Innovative Businesses Prioritize Creativity

Daniel Burrus

Most notably, older organizations are the ones that place creativity in one column and positive disruptions via innovation in another. This can certainly be viewed as a positive feat: For a company like Citibank to withstand so many outside disruptions, they have to be doing something right!

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

Commodore Innovation

As individuals we are grappling with the fear, disruption and uncertainty brought about by COVID-19. Innovation teams are not, of course, immune to this disruption. Great Recession (late-2007 to mid-2009): R&D spending didn’t decline until 2009 (by 5.2%), but the decline continued into 2010 (0.4%).

Report 52
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How to Keep Innovating in an Economic Downturn

Innov8rs

As McKinsey points out , organizations that focused on innovation even during the 2009 crisis, outperformed the market average by 30% and their growth continued to accelerate the following years as well. Such actions can help companies reduce the costs of doing business and enables them to explore disruptive innovations.

How To 105
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Choosing the right strategy handling uncertainty

Innovation 360 Group

It’s incremental and involves so-called spiral staircase leadership (Table A). H3 is the explorative style: needs are investigated on a deeper level and new technology is used to disrupt. According to Steve Coley (2009), innovation work can be divided into three parallel Horizons , each one representing an S-Curve.

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Choosing the right strategy handling uncertainty

Innovation 360

It’s incremental and involves so-called spiral staircase leadership (Table A). H3 is the explorative style: needs are investigated on a deeper level and new technology is used to disrupt. According to Steve Coley (2009), innovation work can be divided into three parallel Horizons , each one representing an S-Curve.