The organization innovation ecosystem
Read this compelling visual that senses corporate innovation habits that we’re also seeing within the field.
Read this compelling visual that senses corporate innovation habits that we’re also seeing within the field.
I truly enjoyed reading this visual on corporate innovation by Innovation Leader together with XPLANE. I even printed a poster-sized copy in my office as well as for workshop settings. The creators compensated lots of focus on details and in addition, there’s some humour hidden insidewithin all the illustration.
I selected out a couple of facets of the illustration that resonate using what I’m seeing within the field:
The Main dominates: For the most part companies “;the core” still dominates innovation. Sections with established business models and cost propositions have a tendency to dictate the innovation agenda. They favour temporary gains through incremental and sustaining innovation over growth and transformative innovation where new value propositions or business models are uncovered, particularly if it undercuts the main business.
The Task: What incentives could you devote spot for established constituencies to embrace new ideas which help launch them, instead of poking holes and withholding sources? Could a Chief Entrepreneur invent the long run, as the Chief executive officer takes proper care of the current business?
Innovation theatre: The poster’s focus on detail shows. It senses a concept from Steve Blank, serial entrepreneur and innovation thought leader, who loves to state that a lot of companies mainly practice “;innovation theater”. Every one has innovation labs, corporate accelerators, hackathons, and internal idea competitions, but it’s all for show. These programs sit close to a company and barely have real power and impact.
The Task: How can you give business R&D real power in order that it can have an effect and result in real growth initiatives? Where should growth innovation reside in the org chart to create a real difference?
Customer access: The poster suggests a genuine challenge within the innovation process: Use of customers (or the possible lack of it) to be able to test the desirability and viability of recent ideas in early stages. Today it’s sales, marketing, and support who own the client relationship. That may slow progress and bar use of customers.
The Task: Just how can established constituencies like marketing and advertising best help and guide your innovation teams to speak, test, as well as co-create with a few of the most powerful customers?
Resourse: https://strategyzer.com/blog/
What is the innovation ecosystem? by Linda Hill, Author of Collective Genius
Video COMMENTS:
- jaybe de guzman: This is so helpful! I'm currently working on my undergrad thesis that touches on the topic of the innovation ecosystem. Thank you so much! Love from the Philippines 🙂
