The other day I was having a conversation with the Division President of a large company about innovation. I mentioned to him that in our 30 years in the innovation space, we have noticed that innovation initiatives tend to have a 3-5 year life. The pursuit of breakthrough innovation – “Big Bet” innovation that expands the opportunity for significant growth through expanding markets or creating new ones, takes time. The unfortunate result of changes in Corporate Will is that too often, just when investments begin to pay off with new platforms, new technologies, etc., the efforts are often abandoned.
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Topics:
Innovative Culture,
Communication,
executive sponsor,
Alignment,
Success Factors,
breakthrough innovation,
leadership,
strategy,
Strategic Goals,
decision-making,
breakthrough,
Transformational Innovation,
changing the game,
innovation decision-making
“You’ve got to be very careful if you don’t know where you are going, because you might not get there.”
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Topics:
Future,
Future Pull,
strategic innovation,
strategy,
Strategic Goals,
Vision
Leadership often involves making decisions in the face of insufficient information. This is especially true when it comes to enabling the pursuit of innovation. Doing nothing until the situation clarifies itself is in itself a decision. But, by the time the situation is clear the real opportunity has passed. As Will Rodgers once said “Even if you’re on the right track, you’ll get run over if you just sit there.”
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Topics:
Jay Terwilliger,
Future,
trends,
Innovation,
Strategic Goals
This past week I got sucked into what I thought was a pretty weak online debate. The question posed was, "Is Incremental innovation the enemy of Breakthrough Innovation?"
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Topics:
Mark Sebell,
Innovation,
innovation consulting,
breakthrough innovation,
Championed Teamwork,
leadership,
strategic innovation,
strategy,
growth,
Strategic Goals,
criteria for innovation,
decision-making,
breakthrough,
new product development,
Essentials for Innovation,
Risk,
Management
Last night on Monday Night Football, the much-hyped Jets got thumped by the Ravens. This came after an offseason in which the team acquired several marquee players, were in the news for all the wrong reasons, allowed HBO's Hard Knocks cameras into their training camp, and entered the season among the favorites to win the Super Bowl. Much of the attention surrounding the Jets stemmed from the swagger and confidence they exuded as they publicly announced their goal was to win the Super Bowl. What can their Monday night let down teach us about innovation? I am going to indulge in a little Tuesday Morning Quarterbacking and explore 5 lessons the Jets experience can teach us about setting a strategic roadmap for an innovation team.
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Topics:
Innovation Roadmap,
Chris Dolan,
Strategic Goals
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