If you are an innovation manager, CIO or involved in innovation in your organization, I wouldn’t be surprised to hear from you that one of your bigger challenges concerns prioritizing your innovation projects or ideas. When we were shaping our innovation offering at AE and ‘got out of the building’ (eating our own dogfood) to ask people like you about what keeps them up at night, this topic has come up in most of the interviews we had.
What’s one of the most positive things to come out of the COVID-19 lockdown we’ve all found ourselves in across the world? For organizations, it’s how their teams have been organizing themselves to keep their performance level up while not working physically together day after day. Many teams have even managed to increase their efficiency whilst facing whole new challenges, such as helping their kids do schoolwork or simply keeping them busy and entertained.
Last time I talked about whether corporations should start acting like start-ups. This week, we'll discuss our incubation process and how corporations can include some of the best ideas of start-ups in their own organisation without throwing the company child out with the bathwater.
90% of the people we have interviewed indicated that their organization’s innovation capability is hampered by a lack of speed and flexibility. It’s tempting to look at start-ups (and how they organize themselves) in an attempt to copy their strengths to your large corporate organization. Heck, even some consultancy firms will state that corporates should act as start-ups in order to achieve success in their innovation efforts. We disagree and I would like to share our vision on the matter.
Interesting fact: 75 percent of all companies struggle when to execute innovation projects. While most of them do manage to get through the ideation phase rather successfully – ah, the thrill of it all –they somehow run into a wall once the initial excitement wears off. ‘Just do it!’ is what a certain American sports brand would say, and it’s certainly what everyone involved in the project is thinking too. Months later, however, everyone’s still saying ‘we should just do it’. Sounds familiar? Read on and you’ll know exactly what to do to turn your next innovation idea into a success.