Preparing for an Innovation Overhaul: Final Considerations
Implementing an IFB presents a golden opportunity to instill a stronger entrepreneurial mindset across any organization. The following considerations will help to smooth the path to effective, long-term cultural change.
The Innovation Funding Board Process in Action
There are four main phases involved in the Innovation Funding Board process, including ideas, rapid evaluation, incubation, and implementation.
Innovation Funding Board Components – and What Success Looks Like
Assembling stakeholders into teams and creating a benchmark for success are key components of any Innovation Funding Board.
Laying the Groundwork for Organizational Change
An Innovation Funding Board (IFB) can play an effective role in reducing innovation-related struggles. Here are some key principles and questions to consider.
Mandate for a New Approach to Innovation
Leaders need to establish Innovation Funding Boards to to stay relevant.
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 culture of innovation within […]
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 don’t go digital now may […]