- Develop high competencies in H1 , H2 , H3 Innovation
- Be very good at creating value , monetizing value creation , and mitigating risk
- Have Internal and External Personal collaborate on innovation strategy and initiatives as well as being accountable for outcomes
- Identify progressive people and encourage them to be entrepreneurial, develop an innovation mindset, and understand the changing nature of risk
- For the organization to innovate for impact, have the CEO and other C-Suite Executives as well as at least some members of the Board of Directors be Innovation Champions
- Form a Brain Trust of people having very strong business and technology competencies as well as a portfolio / venture capitalist mindset – who are out to make a difference
- Identify and launch innovation initiatives that have high potential that can meaningfully improve outcomes
- Collaborate with others knowledgeable about identifying and investing is startups having advanced capabilities and a high value proposition
- Collaborate with Incubators, Accelerators, Venture Investing Organizations, Research Institutions, Labs, Think Tanks, Universities, etc. for forward looking insights and opportunities
- Become a Customer for startup products and/or services you can use in your business
- Be good at getting results by being a strong communicator, future oriented, curious, understand the odds, adaptable, agile, etc.
To learn more, see Innovation for Impact or send a message to info@cail.com
Nov 23, 2020 CAIL Innovation commentary