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Rating Your Innovation Program: Vanity Metrics vs. True Impact

Moves the Needle

How do you measure the success of your innovation program? You are measuring website traffic, video views, innovation team sign-ups, etc. When it comes to measuring the success of your innovation program, engagement in the real world and observed behavior change are primary. Getting the numbers right is crucial.

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Top Themes from Open Nation DC

IdeaScale

Contreras dived into the importance of goal-setting and quantifiable metrics to any innovation program. However, he cautioned against avoiding “vanity metrics,” a term coined by “The Lean Startup” author Eric Ries. Commander Howell’s leadership has been integral in growing the innovation program at the U.S.

Policies 145
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Why “Path-to-Value” is Crucial for Corporate Innovators

Imaginatik

Recent conversations with a new Imaginatik client, from late 2017, have stuck with me these past few months. It highlights the importance of a new concept that every corporate innovation leader needs to internalize: the Path-to-Value for each innovation. Executives are hoping for big things from the innovation group.

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Innovation is a Company Wide Responsibility

ImagineNation

These authors never talk about what happens after an innovation program reaches sufficient maturity that it’s ready to leverage the organization’s resources into a successful implementation. The “business as usual” program will always win. Breakthrough innovation programs take longer and have a lot more risk.

Company 52
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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. Innovation at GE was on a roll. Then it wasn’t. So what happened?

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Corporate Innovation – How To Overcome Unique Challenges

Econic

More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts. But these short-lived programs aren’t all there is to innovation, and they shouldn’t scare you off as a corporate innovator.

How To 109
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Corporate Innovation – How To Overcome Unique Challenges

Econic

More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts. But these short-lived programs aren’t all there is to innovation, and they shouldn’t scare you off as a corporate innovator.

How To 83