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 […]
Efficiency of the innovation investment (EII)
Innovation expenditure falls primarily under the operating expense (OPEX) of a company. Because OPEX makes up the bulk of a company’s ongoing costs, leaders typically look for ways to reduce OPEX without causing a critical drop in quality or production output. And innovation is always a prime target when OPEX cuts are needed as initiatives […]
The 9 Mistakes Venture Boards Make
This article was originally posted on The Future Shapers where I’m a regular contributor. Although in principle everyone agrees that corporations need to get better at mimicking the venture capital world when it comes to taking investment decisions in ventures, in reality this is proving harder to apply. One of the vehicles corporations created internally […]
Measuring Ethics
This article was originally posted on The Future Shapers where I’m a regular contributor. Today all industries go through changes, making an understanding of the factors that influence purchase decisions highly important. With every firm attempting to gain a desired share of the market by providing the highest quality products that are readily available at […]
The Venture Boards
This article was originally posted on The Future Shapers where I’m a regular contributor Measuring innovation at product team level is not enough to have an innovation accounting system. Innovation has become an important activity for the survivability and future profitability of a company. Therefore more and more stakeholders are drawn to the process of […]
From Review To Preview
An interview with Thomas Vogth-Eriksen, CFO DNV GL, on how innovation is changing the CFO’s role This article was originally posted on the Thinkers50 Blog Recently, Dan sat with DNV GL’s CFO, Thomas Vogth-Eriksen, to discuss the changes brought about by the digital economy to the CFO role. DNV GL is one of the world’s […]
Principles of an Innovation Accounting System
Although a driving force for growth in most industries, innovation differs from company to company. But be it in banking, in automotive or FMCG, the uncertainty associated with innovation is still something that needs to be managed. And in order to be able to manage something, it first needs to be measured and understood. Unfortunately, […]
8 Myths of Measuring Innovation
Measuring innovation has long been perceived as the pinnacle of innovation management. However in most organization today, innovation measurements are only take sporadically (if at all) and with little thought put into them. Moreover when a company wants to start measuring innovation it is most likely to make some mistakes. Mistakes rooted in myths about […]