article thumbnail

Constructing the innovation mandate

Paul Hobcraft

So often innovation struggles to be recognized for what it is. Innovation is a critical source of future competitive advantage. Resources : We will allocate [amount] of funding to our innovation program annually, and will dedicate a team of [number] full-time employees to manage and execute innovation initiatives.

article thumbnail

2024: A Corporate Innovation Odyssey

PlanBox Innovation

The conventional metrics often fall short in capturing the true impact of innovation. We must adapt our metrics to measure value generation, customer satisfaction, and long-term competitiveness accurately. Strategic Partnerships : Collaborate externally for fresh insights, following ISO 56003 ’s guidelines on partnership management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Strive for more than just "teamwork" - Part 1 of 2:

Values Centered Innovation

There was an extraordinary team expedition-competition called the Eco-Challenge , sponsored by the Discovery Channel on TV. In BC, the 2 teams “racing” to finish 2nd shifted out of the competitive mode after 5 days. One person said, “It turned out to be three-quarters competition and one-quarter expedition together.”

article thumbnail

The core principles of Leading FOR Innovation

Cris Beswick

Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets. This thinking regarding time frame also aligns with how organisations should look at balancing their innovation portfolio. It makes it an employer of choice for top talent.

article thumbnail

Part 1: Strive for more than just "teamwork"

Values Centered Innovation

There was an extraordinary team expedition-competition called the Eco-Challenge , sponsored by the Discovery Channel on TV. In BC, the 2 teams “racing” to finish 2nd shifted out of the competitive mode after 5 days. One person said, “It turned out to be three-quarters competition and one-quarter expedition together.”

article thumbnail

Everyone’s an Innovator

Strategos

But the software platform cannot substitute for other key parts of an innovation program. Here are 5 guidelines that will help to make your front line innovation program (software based or not) more successful. Spark the innovation with new perspectives and insights. Innovation seldom happens in a vacuum.

article thumbnail

Sincerely Sima: Keeping Participants Engaged

KindlingApp

This is the second entry in the “Sincerely Sima” blog series which takes a look back at the most frequently asked innovation management questions our customer success team encountered in 2015. In our last post we discussed how to keep executives involved in your innovation program. Have a question you’d like us to cover?