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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.

Policies 147
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Constructing the innovation mandate

Paul Hobcraft

That group should possess a deep understanding of the existing organization’s strategy, business models, operations and culture and a wider appreciation of the innovation landscape, the “fields of opportunity” and the emerging practices of innovation management.

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Digital transformation examples

Board of Innovation

Ingersoll develops operating strategies for its customers that balance the need to keep buildings lighted and cool with the need to meet increasingly rigorous goals for lowering energy consumption , including sometimes reducing usage on short notice to qualify for special utility payments.

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Leveraging New Ventures for Innovation

Integrative Innovation

The startups invited to participate in the accelerator are usually on the verge of launching revenue-generating activities, and the corporate sponsor promotes their development by granting them access to office space, technical support, high-quality mentoring, networks of other startups, and funding sources.