Strategies for Enterprises to Innovate for Impact

November 23rd, 2020

Posted By: CAIL/ 0 Comments

A.  Develop high competencies in H1 , H2 , H3 Innovation

 

B.  Be very good at creating value , monetizing value creation , and mitigating risk

 

C.  Have Internal and External Personal collaborate on innovation strategy and initiatives as well      as being accountable for outcomes

 

D.  Identify progressive people and encourage them to be entrepreneurial, develop an innovation       mindset, and understand the changing nature of risk

 

E.  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

 

F.  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

 

G.  Identify and launch innovation initiatives that have high potential that can meaningfully       improve outcomes

 

H.  Collaborate with others knowledgeable about identifying and investing is startups having       advanced capabilities and a high value proposition

 

I.  Collaborate with Incubators, Accelerators, Venture Investing Organizations, Research      Institutions, Labs, Think Tanks, Universities, etc. for forward looking insights and opportunities

 

J.  Become a Customer for startup products and/or services you can use in your business

 

K.  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