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Deepening the Thinking Around the Innovation Mandate – part two

Paul Hobcraft

Innovation Policy : An innovation policy provides guidance and direction for the innovation program, defining the types of innovation that will be pursued, how innovation projects will be prioritized, and how intellectual property will be managed. In any document, feedback and suggestions should be actively sought.

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Constructing the innovation mandate

Paul Hobcraft

It is our ability to consistently capture, build and develop new ideas within organizations or in open collaborations with others that have a direct effect on revenue growth and the ability to provide future sustainability. Future collaborations will build on a network of relationships and an ecosystem of design and thinking.

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Digital transformation examples

Board of Innovation

Difference with ‘just an e-store’ is the creation of a totally new brand without any technical support.) Sector: Chemicals Company: Dow Corning Learn more: Source Competitive pricing for bulk orders No technical support Cisco outsources all of its manufacturing to contract manufacturers.

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Leveraging New Ventures for Innovation

Integrative Innovation

BCG points out, that used in concert, the identified innovation tools (see exhibit below) enable companies to take a holistic view of growth that encompasses core, adjacent, and noncore activities; that accommodates diverse methods of collaboration and startup support; and that allows for different rates of development in different spheres.