IFB

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.…

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…

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,…

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…

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…