In a previous post, I drew your attention to 5 articles I consider ‘must read’ for anyone interested in digital transformation. In a similar vein, the articles in this post are centered around corporate innovation, i.e. the intrapreneurship that happens in large companies, allowing them to evolve and grow like startups. Below are some recent articles on the topic of corporate innovation that I highly suggest you check out.
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What’s keeping large companies from innovating? After all, they have more resources than most startups can even dream of, and yet they struggle to launch and sustain novel, game-changing projects. As Steve Glaveski points out in this piece, many large firms use metrics that work well for traditional projects, but fail to adequately measure new and innovative ones. He goes on to explain how disruptive ideas differ from incremental improvements, and how big companies can allocate resources to help them flourish. Read more
Every company gets ‘stuck’ at some point or another. Even large, successful ones. In this (massive) article for GrowthLab, change agent Thomas Cornwall explains how he helps established companies break out of their ruts and build fresh momentum. It’s a longer read, but absolutely worth it. Read more
Tendayi Viki, author of The Corporate Startup, argues that established companies should not try to behave like brand new startups. Instead, they need to create innovation ecosystems, recognizing different areas of the business as distinct business entities, each at a different level of maturity.
“[Established companies] have to be clear that they are not simply searching for cool new ideas. It is the combination of cool new ideas and profitable business models that defines successful innovation.”
In this article, Viki summarizes the five principles from his book that established companies can use to build their innovation ecosystems. Read more
If you’ve ever run a ‘cross-functional’ team project, you know how difficult it can be to get people from different departments to work together to a shared outcome. In this piece by Ajay Shrivastava, he explains how ‘Solver’ teams differ from cross-functional ones, and how you can align those teams within your organization. Read more
These days, companies must innovate if they want to survive. In every industry you can think of, startups in hyper-growth mode are nipping at the heels of incumbents – if not challenging them outright. So how can companies learn to innovate, in order to compete? As Marc Foglino says of this post, “Innovation is hard, but these ten innovation principles might help you to improve your chances of success.” Read more