Blog Category: Enterprise Innovation

March 21, 2018

The Roles You Need on Your Innovation Team

roles on innovation teams

What roles do you need on your innovation team? Processes and frameworks alone can only take an innovation team so far. Finding the right people to be part of your innovation teams makes all the difference. Great innovation teams need to have individuals that possess high emotional intelligence and innovative qualities.  These people often have Read More

March 6, 2018

How Innovation Teams Can Build Credibility with Business Teams

Noted for his pithy opinions as a Supreme Court Justice, Oliver Wendell Holmes knew a thing or two about influence and innovation. “Many ideas grow better when transplanted into another mind than the one where they sprang up,” he once said regarding collaboration. Holmes may have served long before innovation management was common practice in Read More

November 17, 2017

Three Skills Great Innovation Teams Have in Common

Innovation teams are in a tough spot. They’re at the nexus point of two very different (and equally complex) worlds. To source external innovation, they’re out building relationships in the fast-moving entrepreneurial world of startups, VCs, universities and accelerators. And to meet the needs of their enterprise stakeholders, they need to navigate an internal system Read More

September 11, 2017

Innovation ROI and the Value of a Need

Innovation ROI - Calculate

Enterprises understand more than ever that innovation is integral to their success. Which means that innovation budgets are growing and there is increasing pressure to show financial returns from that investment (i.e., Innovation ROI). Unfortunately when it comes to valuing the solutions that innovation teams deliver, things often get a bit fuzzy. The more established Read More

August 28, 2017

Capture Business Needs to Accelerate Innovation

Capturing business needs

Establishing a strategy and process for capturing business needs is the first step to accelerating the delivery of innovation. It seems obvious, but without understanding the demand you’re trying to fulfill, your chances of finding and delivering the right solutions are diminished.

July 12, 2017

Fighting the Stock Market’s ‘Disruption Discount’

If stock prices are a reflection of a company’s ability to produce future profits then it should also be a good indicator of whether investors believe the company is well positioned to navigate innovation-driven markets.

June 12, 2017

What’s Keeping 73% of Fortune 500 CEOs Up at Night?

Fortune magazine came out with its annual survey of Fortune 500 CEO’s last week. My favorite question is when they ask CEO’s to name their biggest challenges. I pay attention to the responses because what people are worried about has a way of changing their behavior (including what they spend money on).

May 19, 2017

Activity vs Outcomes: Lessons from a Construction Site

As a long-time VC I could have filled every hour of every day with pitches from entrepreneurs, but the reality was that I only made a few new investments each year. All those meetings would waste both my time and that of the entrepreneur. Now heading up Startgrid as CEO and Founder, I find myself focusing on this issue again. I generally ask every innovation team that we meet with how they measure success.

May 18, 2017

A Culture of Innovation — is Everyone on the Same Page?

Enterprise Innovation teams are tasked with thinking beyond incremental innovation. They need to consider “What could put us out of business?” and at the same time “What could separate us from the crowd and drive competitive advantage?” These teams are doing the ‘covert’ work while the rest of the organization keeps the lights on with business as usual.

March 22, 2017

Best Practice: Breaking Down your Innovation Silos

In last week’s blog post, we talked about how identifying the next technology or process innovation has become more and more challenging in the high-velocity, global entrepreneurial landscape. Your enterprise probably has multiple people — or teams of people — with the same goal: discovering new sources of innovation in order to advance and expand your products and services. This brings a Read More