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Why invest in innovation consulting?

mjvinnovation

In the book Innovation and Entrepreneurship, Peter Drucker defines innovation as “the specific instrument of entrepreneurship […] that endows resources with a new capacity to create wealth” Scott Berkun, from Carnegie Mellon University, believes that “innovation is a significant positive change.”

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The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

So in addition to measuring the number of cars produced during particular period, also measure the percent of non R&D employees submitting project incubation ideas. For example, compare the portfolio of BMW’s iVentures with the portfolio of GM Ventures in terms of number of investments and focus sectors. Attract the right talent.

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The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

So in addition to measuring the number of cars produced during particular period, also measure the percent of non R&D employees submitting project incubation ideas. For example, compare the portfolio of BMW’s iVentures with the portfolio of GM Ventures in terms of number of investments and focus sectors. Attract the right talent.