Articles
Preparing for an Innovation Overhaul: Final Considerations
In my previous blogs in this series, I shared the key aspects of the Innovation Funding Board (IFB) concept—from guiding principles and stakeholder roles to the innovation process itself. In closing, we’ll look at some final process and cultural considerations to address before implementing an IFB.…
The Innovation Funding Board Process in Action
In my previous blog in this series, I shared the key components needed for an Innovation Funding Board (IFB) to function effectively, including the importance of establishing what success will look like at the outset. Now, I’ll break down the innovation process itself—and the key stages needed to ta…
Innovation Funding Board Components – and What Success Looks Like
In my previous blog in this series, we discussed the guiding principles for implementing a successful Innovation Funding Board (IFB). In this blog, we’ll look more closely at the actual components needed for it to function effectively within an organization. As with many initiatives of this nature,…
Laying the Groundwork for Organizational Change
An Innovation Funding Board (IFB) can play an effective role in reducing innovation-related struggles. In my second blog on this topic, I share key principles and questions to consider before putting an IFB in place. But first, it’s important to establish a little more clearly what an IFB is and whe…
Mandate for a New Approach to Innovation
The phrase “innovate or die” gets thrown around a lot these days, but building the capability for effective innovation takes far more than just a clever strategy or even great ideas. It requires a culture that embraces creativity, smart risking-taking, and experimentation. Fortunately, there are ple…
Trends to Be Part of in 2017
For many people, 2016 was a year full of surprises. Not only did the world lose some of the most famous names in music and film, but the outcomes of both the EU referendum and the US presidential elections caught many of the so-called “experts” off guard. What does this have to do with innovation? M…
Innovating to Survive the Digital Economy: Part 2
I focused on the innovation imperative in Part 1 and how digitization is driving a new pace of change. Established organizations need to embed innovation as a core competency and they need to do it quickly. But how do you get started? Fostering an Innovation Culture Before embarking on building a…
Innovating to Survive in the Digital Economy: Part 1
Disrupt or be Disrupted In today’s digital economy, established organizations need to be more innovative than ever before. But why? And what does that actually mean? The truth is digitization is driving a new pace of innovation. In fact, a new wave of competition is already here and companies that d…
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