Innovation programs create the governance and structure to achieve organizational agility, which is the ability of an organization to anticipate, adapt, and act.
Agility prioritizes:
- individuals and interactions over processes and tools,
- working software over comprehensive documentation,
- customer collaboration over contract negotiation, and
- responding to change over following a plan.
These programs that can be used individually or collectively, short term or long term, to accelerate innovation maturity:
FOUNDATION PROGRAM
- Objective: Stimulate and assist organic innovations within the core business, to optimize existing products for existing customers
- Funding: Business units / P&Ls provide project funding and sponsorship
- Staffing: Innovation facilitators distributed strategically throug out the organization
- Primary KPI: Structured pipeline for incremental top and bottom-line improvements
TRANSFORMATION PROGRAM
- Objective: Develop, launch, and scale disruptive innovations to catalyze next generation corporate growth
- Funding: Corporate slush fund (VC + scaling resources)
- Staffing: Investors/advisors, entrepreneurs, and corporate strategists
- Primary KPI: Rolling valuation of entrepreneurial “ventures” portfolio