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Innovation Project Governance Do's & Don'ts

Innov8rs

Innov8rs | Despite its importance, innovation project governance is often handled ineffectively, slowing down rather than driving innovation. Innovation project governance is a decision-making discipline where organizational leaders decide which ideas to pursue, how to allocate the innovation budget, and how to assign resources.

Project 80
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The basket of bad ideas scenario

Jeffrey Phillips

A good movie, The Big Short, noted that this same philosophy, mixing up a number of bad loans into a new package, is what caused the sub-prime lending disaster. This concept of a basket of weak or bad ideas is not practiced just in Hollywood, however. Did Apple runs its innovation course when Jobs left the scene?

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Cultivating Success: Exploring the Link Between Organizational Culture and Business Performance

Leapfrogging

To delve further into the developmental aspects of organizational culture and how it can be shaped, explore our article on develop executive leadership to drive organizational culture change. Conversely, a weak or negative culture can hinder business performance, stifle growth, and lead to organizational dysfunction.

Culture 100
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Why you need a faster, more nimble culture

Jeffrey Phillips

Strategy should be continually developed and re-evaluated, rather than developed once and put on a shelf. Not to mention that the new metrics most companies are governed by are now quarterly (at best) or monthly (at worst) EBITDA and other financial metrics. Every company has a culture.

Culture 157
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Innovation project or Innovation Capability?

Jeffrey Phillips

Innovation theater is very similar to what ecologists call "greenwashing" and both are bad for their respective movements. Innovation as a project Of course, almost all innovation is a project - starting with a specific need or desire to create a new product or service, or to generate new revenues or gain new market share.

Project 209
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Five Unicorn Scaleup Strategies

Leapfrogging

Inertia gets the blame for waning product performance and competitiveness, feature fatigue, and poor innovation pipeline throughput. It’s a common cause of slow adoption speed, poor customer experience, retention/renewal difficulty (aka “churn”), and undelivered customer outcomes. Of course, not all friction is bad.

Strategy 130
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What Is Corporate Social Innovation? Understanding the New Driver of Change

IdeaScale

Business schools are teaching courses on CSR, top-notch organizations are too. For example, rather than saying your aim is to deliver nutritious food to the poor, you can say that the goal is to increase distribution of nutrients to a population with a particular income by 100% in the next 2 years. Let’s say you did. If so, how?