Cost of Failure vs. Rate of Failure

SUMMARY Without a doubt, many businesses today consider innovation a cornerstone for growth and sustainability. As companies strive to foster innovation-led growth, prioritizing wise investment in innovation becomes essential. Consequently, there is significant emphasis on the success rate of innovation investments, measured through metrics such as the number of pilots implemented from those started, the […]

Setting Goals for Innovation 

Setting goals for the innovation investment is critical if your company treats innovation as a business imperative activity and not just a nice to have that happens on the sideline.  This said, setting goals for innovation becomes even more critical in times when resources are scarce and the company needs to reshuffle its priorities.  Experience […]

Three Things Your Company Needs to Have in Place to Implement Innovation Accounting

In a volatile world where the only certainty is the uncertainty, companies can no longer view innovation as a ‘nice to have’,  but a business imperative. A go-to vehicle for sustainable growth.  But for long, innovation was seen more as an art form than a science. There is a common tendency to conflate creativity with […]

Measuring Open Innovation: measuring joint ventures

In previous articles we identified 4 types of open innovation practices incumbents can engage in and we looked at how two of the four can be measured. Specifically how can free and paid pilots be measured, how can acquisitions (M&A) be measured and how venturing (corporate venture capital investments) can be measured. Now let’s turn […]

Measuring Open Innovation: measuring corporate venture capital

In previous articles we identified 4 types of open innovation practices incumbents can engage in and we looked at how two of the four can be measured. Specifically how can free and paid pilots be measured and how can acquisitions (M&A) be measured. Now let’s turn our attention to a third type of open innovation […]

Measuring Open Innovation: measuring M&A

In a previous article we identified 4 types of open innovation practices incumbents can engage in and we looked at how one of the four can be measured. Specifically how can free and paid pilots be measured. Now let’s turn our attention to a second type of open innovation activity: acquisitions, more commonly referred to […]

Measuring Open Innovation: measuring free and paid pilots

Make no mistake, open innovation engagements are not single-sided deals; they have to work for both partners if they are to be effective. It is vital therefore that chief executive officers of both the corporate and the start-up share common strategic goals of delivering innovation whilst at the same time growing their respective companies, improving […]

Measuring Innovation Culture

In the field of corporate innovation, one of the most often-used terms is “culture of innovation”. It’s the centre of the conversation when market success of companies like NETFLIX, Gore or Zappos is discussed. And it’s also brought up when people have a need to point fingers at some companies inability to grow beyond their […]