What a recent HBR article gets wrong (and right) about innovation metrics
A recent HBR article (here) claims that use of innovation metrics (especially financial metrics) too early will “suffocate” your most promising innovations. The author, Scott Kirsner, asserts that measuring a new product with the same metrics used for
After a strong Q3, where next for innovation investment?
Innovation spending grew strongly in Q3
Will AI dramatically alter the economics of innovation?
The hype surrounding artificial intelligence (AI) invites skepticism. But underlying the optimism (and fear) there’s a simple, but potentially important truth: AI, especially machine learning (deep learning in particular), could change the economics of innovation. If that happens the consequences
Budget cuts are here. Time to bolster the case for innovation.
“What we are ultimately going to be able to accomplish is directly tied to the rest of the organization believing we’re important.”
—senior director of innovation, aerospace industry
Chances are you’re dealing with budget cuts for this year, and also
COVID-19: Your innovation strategy’s been updated. Now what?
Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step. But the changes to your innovation
COVID-19: Business R&D Spending Will Fall by at Least 5-6%
In the last few weeks our worlds have been turned upside down. As individuals we are grappling with the fear, disruption and uncertainty brought about by COVID-19. The organizations we work for are scrambling to manage extraordinary challenges. In some
How to improve measurement of innovation performance in your organization.
Once you’ve decided you want to do something about how your organization measures innovation performance, knowing what to do next isn’t always obvious. We often have conversations with innovation leaders who get to this point and reach out to us
The Innovation Culture Balancing Act
Everyone agrees that organizational culture is a key driver of (or hindrance to!) innovation performance. It’s obvious on its face, given that culture affects things like how well teams work together, how fast decisions are made, and how much risk
Benchmark Innovation Performance
How does your innovation performance compare to your competitors’?
It’s just human nature to be curious about how your performance compares with that of your competitors. But when it comes to innovation performance, this instinctive desire for benchmarking is also
Most Companies’ Innovation Performance is Declining. Is Yours?
Research shows widespread, declining innovation performance.
At first glance, the idea that companies are getting worse at innovation seems ridiculous—“innovations” are such a prevalent part of our daily lives. And we are fed a constant stream of information about the