article thumbnail

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
article thumbnail

Understanding Data Governance and Who Should Own It

Acuvate

Data governance is the foundation for managing data efficiently and making the organization’s data reliable and trustworthy. The tenets of data governance are to establish methods, layout clear responsibilities and develop robust processes to standardize, protect and store data. Reduce costs that might incur due to bad data.

Data 45
Insiders

Sign Up for our Newsletter

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

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

Firstly lets establish some observations: Directors and senior managers need a globally accepted guide on the attributes of an effective risk appetite framework to manage innovation, independent of their corporate risk guidelines but they dovetail into them. Embedding risk management and innovation competence within the structures developed.

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

Firstly lets establish some observations: Directors and senior managers need a globally accepted guide on the attributes of an effective risk appetite framework to manage innovation, independent of their corporate risk guidelines but they dovetail into them. Embedding risk management and innovation competence within the structures developed.

article thumbnail

5 Excuses of companies that don't innovate (and how to overcome them)

Moves the Needle

Sales says they just sell whatever the product team delivers. The product team says they struggle to keep up with a long list of features required by product management. Since we can’t predict the future and (generally) know we can build the product, the trick is to prioritize ideas and kill bad ideas quickly.

LEAN 75
article thumbnail

5 Excuses of Companies that Don’t Innovate (And How to Overcome Them)

Moves the Needle

Sales says they just sell whatever the product team delivers. The product team says they struggle to keep up with a long list of features required by product management. Since we can’t predict the future and (generally) know we can build the product, the trick is to prioritize ideas and kill bad ideas quickly.

Company 64
article thumbnail

How to Protect the Assets in Your Business

The Human Factor

If you are not able to comply with industry guidelines, government regulations, or legal parameters, you will quite likely find yourself quickly in trouble. It is also important that you provide an environment that supports your team being motivated. You need to be able to continuously provide more value for clients than others.

How To 28