On the basis of our experience with corporate clients, we collected 9 indicators that signal that something is going wrong + 13 clear actions to take!
https://www.boardofinnovation.com/blog/2017/05/29/9-indicators-that-prove-your-innovation-program-is-failing/
27 Revenue Model Options B2C (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in B2C? Explore 27 trigger cards with different business model options and pricing tactics. (by Board of Innovation)
📌 Go to http://bit.ly/build-business-ideas to read the full article! 👇🏻
10-steps guide for corporate innovators to:
------------------------------------------------------
- Validate business ideas with proved methodologies
- Communicate these ideas more effectively with a structured format
This is a presentation from 2011 I bumped into on customer-centric innovation. While my thinking has somewhat evolved, it's actually still quite relevant :-)
27 Revenue Model Options B2B (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in a B2B context? Explore 27 trigger cards with different business model options and pricing tactics (B2B version). (By Board of Innovation)
27 Revenue Model Options B2C (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in B2C? Explore 27 trigger cards with different business model options and pricing tactics. (by Board of Innovation)
📌 Go to http://bit.ly/build-business-ideas to read the full article! 👇🏻
10-steps guide for corporate innovators to:
------------------------------------------------------
- Validate business ideas with proved methodologies
- Communicate these ideas more effectively with a structured format
This is a presentation from 2011 I bumped into on customer-centric innovation. While my thinking has somewhat evolved, it's actually still quite relevant :-)
27 Revenue Model Options B2B (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in a B2B context? Explore 27 trigger cards with different business model options and pricing tactics (B2B version). (By Board of Innovation)
From Caesar to Scientist - Rapid Experiments at IntuitBenBlank
20 Minute presentation from the 2013 Chief Innovation Officer Summit in NYC, highlighting why large organizations should consider learning how to run rapid experiments. If you value lean startup principles, this is a key capability your organization must have. Say hello if you want to know more!
Note: This presentation does not include my audio voice-over.
How startups create a frictionless experience. +30 cases by @boardofinnoBoard of Innovation
+30 cases How new business models create an Unbeatable customer experience. Focused on on-demand services, next-gen technologies & frictionless services. (Board of Innovation)
Innovation is one of the ultimate buzzwords of our era but what is it really? What is its meaning? How can we see it? Replicate it? Scale it? In his talk, I propose that innovation really is the “removal of friction” from a system; and that through this lens we can understand the rise of design, lean startup, Silicon Valley and possibly many other innovative happenings across time.
The talk covers the following topics:
1. The Real Lesson Steve Jobs Taught Us
2. The Rise of Design
3. Innovation = The Removal Of Friction?
4. Co-opting Innovation
How to re-frame business problems to customer-centric opportunity spaces that drive value. Design thinking is your shortcut to customer empathy. A good understanding on how this method could help you identify real customer problems and unmet needs is essential. Moreover we will share techniques and tools that you can implement directly after this crash course. Start inventing the future.
This is the Genesis (framework) Camp talk slides I'll use to talk about closing - specifically when using and leveraging StudioPress' framework for WordPress projects.
Grace Ng | SearchLove San Diego, 'Designing Effective Experiments for Product...Distilled
Every product decision is an experiment. If we can reframe our thinking from launching campaigns and building features to challenging assumptions and running experiments, then we can increase our productivity and get better results with less effort. Grace will share a structured process for designing effective experiments, and talk about some of the common pitfalls and challenges teams face when running experiments in their companies. Using examples from her work helping product teams within large companies, Grace will reveal a few ways to overcome these challenges.
The experience is the product (for Mind The Product 2016)Peter Merholz
The field of user experience emerged to compensate for poor product management. When we recognize that "the experience is the product," it becomes clear that these two fields are closely aligned.
Rapid prototyping and how to avoid building a product nobody wantsMike Parsons
Discover the best practices in rapid prototyping so you can test and validate your new product or service. Learn the best methodologies, tools and approaches to test a user's pains and gains.
From Caesar to Scientist - Rapid Experiments at IntuitBenBlank
20 Minute presentation from the 2013 Chief Innovation Officer Summit in NYC, highlighting why large organizations should consider learning how to run rapid experiments. If you value lean startup principles, this is a key capability your organization must have. Say hello if you want to know more!
Note: This presentation does not include my audio voice-over.
How startups create a frictionless experience. +30 cases by @boardofinnoBoard of Innovation
+30 cases How new business models create an Unbeatable customer experience. Focused on on-demand services, next-gen technologies & frictionless services. (Board of Innovation)
Innovation is one of the ultimate buzzwords of our era but what is it really? What is its meaning? How can we see it? Replicate it? Scale it? In his talk, I propose that innovation really is the “removal of friction” from a system; and that through this lens we can understand the rise of design, lean startup, Silicon Valley and possibly many other innovative happenings across time.
The talk covers the following topics:
1. The Real Lesson Steve Jobs Taught Us
2. The Rise of Design
3. Innovation = The Removal Of Friction?
4. Co-opting Innovation
How to re-frame business problems to customer-centric opportunity spaces that drive value. Design thinking is your shortcut to customer empathy. A good understanding on how this method could help you identify real customer problems and unmet needs is essential. Moreover we will share techniques and tools that you can implement directly after this crash course. Start inventing the future.
This is the Genesis (framework) Camp talk slides I'll use to talk about closing - specifically when using and leveraging StudioPress' framework for WordPress projects.
Grace Ng | SearchLove San Diego, 'Designing Effective Experiments for Product...Distilled
Every product decision is an experiment. If we can reframe our thinking from launching campaigns and building features to challenging assumptions and running experiments, then we can increase our productivity and get better results with less effort. Grace will share a structured process for designing effective experiments, and talk about some of the common pitfalls and challenges teams face when running experiments in their companies. Using examples from her work helping product teams within large companies, Grace will reveal a few ways to overcome these challenges.
The experience is the product (for Mind The Product 2016)Peter Merholz
The field of user experience emerged to compensate for poor product management. When we recognize that "the experience is the product," it becomes clear that these two fields are closely aligned.
Rapid prototyping and how to avoid building a product nobody wantsMike Parsons
Discover the best practices in rapid prototyping so you can test and validate your new product or service. Learn the best methodologies, tools and approaches to test a user's pains and gains.
10 Questions to prove that you can run a Design Sprint todayBoard of Innovation
More info on Design Sprints: https://www.boardofinnovation.com/design-sprint/
Board of Innovation makes corporates innovate like startups, mixing proven methods from Design Thinking and Lean Startup. www.boardonnovation.com
Experiments to create your own Innovation War Room - created by @boardofinno ...Board of Innovation
Based on our experience, we've created a list of things that might inspire your innovation room. Some of these items are already in our office, others will follow soon. Make sure to let us know if you have other great suggestions.
Full Program & Tools to Accelerate an Internal Innovation Project - by Board ...Board of Innovation
By Board of Innovation (www.boardofinnovation.com) -
Full program & tools available. A step by step approach to accelerate an internal innovation project in your company.
29 Revenue Model Options for Industrial enterprises (curated by @arnevbalen -...Board of Innovation
How to find new ways to make money as an industrial company? Explore 29 trigger cards with different business model options and pricing tactics (Industrial enterprise version). - by Board of Innovation
If you are like many people, even the thought of delivering a speech in front of an audience will get your palms sweating. The fear of public speaking ranks high among the most common phobias, and for good reason: most of us approach the situation with the wrong mindset, which in turn makes us live out our worst fears in a public forum.
As Michael Parker notes in IT’S NOT WHAT YOU SAY: How to Sell Your Message When It Matters Most (A TarcherPerigee paperback; on sale January 2016), our fixation on the content of our words – and not the presentation of ourselves – is what brings us down. Once the Vice-Chairman of London’s Saatchi & Saatchi, and one of the world’s most experienced advertising pitch men, having made more than 1,000 pitches in his successful career, Parker has learned first-hand that an effective presentation, a job interview, or even a speech at a wedding hinges on our ability to portray ourselves as passionate, relatable, and collected. But, if we are focused on what we say, and not how we act, we will fail to persuade our audience.
Applied in the boardroom, at the pulpit, or even in conversation, these tenets will help you present better in any situation.
By Board of Innovation (www.boardofinnovation.com)
Full program & tools available. A step by step approach to create an innovation platform in your company.
33 Tips to Level Up your Presentation Skills ➔ Have a look at these main takeaways to perform the perfect (innovation) pitch!
Prepare for a presentation upfront by looking into these key tips and level up your skills for a successful pitch.
Don't forget that these skills are just as important as the content you are presenting. Whether or not you'll achieve the desired outcome, can be affected by the way the handle the presentation.
We'll go three different topics to pitch like a king:
✔︎Storytelling & Framing
✔︎Body language & Attitude
✔︎Slides & practical tips.
We use these elements in our own innovation accelerator program: https://www.boardofinnovation.com/corporate-innovation-accelerator/
Research and Innovation Indicators and their relation to Internationalization - Mapping and Profiling
Dr. Gregoris A. Makrides, - Director of Research and IR, University of Cyprus
EAEC President
Przedstawienie narzędzia kanwy propozycji wartości – zestawiającego naszego klienta i naszą propozycję wartości (produkt). Pojawia się definicja klientów i porównanie ich względem użytkowników.
Prezentacja i szkolenie zrealizowane w ramach Szkoły Letniej UX Skills.
Jak sformułować strategię dla firmy? Jakich błędów unikać? Jak sprawić, żeby strategia dawała owoce? Prezentacja Tomasza Rudolfa z firmy Innovatika w ramach warsztatów przywódczych Fundacji Proca.
Innovation Units & Structures. Employees as well as the whole startup ecosystem can feed your company’s innovations.
However, how can big companies act like a startup?
#corporateaccelerator #startupasaservice #corporateincubator
On March 30, the Corporate Learning Network held its long awaited Drucker Master Class Day – led by celebrated Drucker management guru, Dr. Bernard Jaworski, Professor at the Peter F. Drucker and professor at the Peter F. Drucker and Masatoshi Ito Graduate School of management.
The "Genesis: Idea Stage" ebook explains the phase where the journey starts for every startup: the idea stage. This eBook is the first part of the "Startup Master Class" series covering the idea, problem/solution fit, product/market fit and scaling stages.
Test Your Innovation IQ Holly Green, Contributor Origina.docxtodd191
Test Your Innovation IQ
Holly Green, Contributor
Original Source
Everyone knows that innovation means coming up with the next great idea in your
industry, right? Actually, there’s a lot more to it than that. Test your ability to separate
innovation fact from fiction by answering the following questions true or false:
1. Innovation is the act of coming up with new and creative ideas.
2. Innovation is a random process.
3. Innovation is the exclusive realm of a few naturally talented people.
4. The biggest obstacle to innovation is a lack of organizational resources and
know-how.
5. The most important type of innovation involves bringing new products and
services to market.
6. Teaching employees to think creatively will guarantee innovation.
7. The most powerful way to trigger your brain is to simply ask it a question.
8. Most companies pursue incremental rather than disruptive innovation.
9. Most companies are not structured to innovate.
10. Listening to your customers is a great way to innovate.
Answers:
1. False. In business, innovation is the act of applying knowledge, new or old, to the
creation of new processes, products, and services that have value for at least one of
your stakeholder groups. The key word here is applying. Generating creative ideas is
certainly part of the process. But in order to produce true innovation, you have to
actually do something different that has value.
2. False. Innovation is a discipline that can (and should) be planned, measured, and
managed. If left to chance, it won’t happen.
3. False. Everyone has the power to innovate by letting their brain wander, explore,
connect, and see the world differently. The problem is that we’re all running so fast that
we fail to make time for the activities that allow our brains to see patterns and make
connections. Such as pausing and wondering….what if?
4. False. In most organizations, the biggest obstacle to innovation is what people
already know to be true about their customers, markets, and business. Whenever you’re
absolutely, positively sure you’re right, any chance at meaningful innovation goes out
the window.
https://www.forbes.com/sites/work-in-progress/2011/12/06/test-your-innovation-iq/#3133e7f0395b
5. False. It’s certainly important to bring new products and services to market. But the
most important form of innovation, and the #1 challenge for today’s business leaders
may really be reinventing the way we manage ourselves and our companies.
6. False. New ideas are a dime a dozen. The hard part is turning those ideas into new
products and services that customers value and are willing to pay for -- a process that
requires knowledge about what your customers want and need, coupled with
implementation.
7. True. Ask a question and the brain responds instinctually to get closure. The key with
innovation is to ask questions that open people to possibilities, new ways of looking at
the same data, and new interpre.
Summary of the book Lean Startup by Eric Ries, plus comments from User Centered Design.
Resumen del libro Lean Startup de Eric Ries, mas comentarios de User Centered Design como contrapunto.
Over the last five years, i-nexus has invested in significant research, working with nearly 80 companies to further understand the challenges and opportunities which a deployment faces as it grows and matures. The results of this research form the Performance Improvement Maturity Model. In this paper Paul Docherty, i-nexus’ CEO, concentrates on the second stage of the model, particularly on tactics to drive a program’s Return on Investment.
In addition to the research, Paul draws on his own experience gained during 15 years as a practitioner and deployment leader in a global telecoms company.
This key note speech at a recent Rutgers conference on innovation was focused on opening the aperture of the participants thinking. Its title, "???", provoked interest even before the talk was delivered.
Innovation ExerciseStageCustomer FocusedYour customers…How to inno.docxmaoanderton
Innovation ExerciseStageCustomer FocusedYour customers…How to innovateYour innovation…1: DefineHow do customers determine their goals and plan resources.Simplifying planning.2: LocateHow do customers gather items and information needed to do the job.Making required inputs easier to gather and ensuring they’re available when and where needed.3: PrepareHow do customers set up the environment to do the job.Making set-up less difficult and creating guides to ensure proper set-up of the work area.4: ConfirmHow do customers verify that they’re ready to perform the job.Giving customers information they need to confirm readiness.5: ExecuteHow do customers carry out the job.Preventing problems or delays.6: MonitorHow do customers assess whether the job is being successfully executed.Linking monitoring with improved execution.7: ModifyHow do customers make alterations to improve execution.Reducing the need to make alterations and the number of alterations needed.8: ConcludeHow do customers finish the job or prepare to repeat it.Designing products that simplify the process of concluding the job.
ReferenceThis table is from pages 46 and 47 in your book, On Innovation, and is provided here as a quick reference.During this step…Customers…Companies can innovate by…Example:1: DefineDetermine their goals and plan resources.Simplifying planning.Weight Watchers streamlines diet planning by offering a system that doesn’t require calorie counting.2: LocateGather items and information needed to do the job.Making required inputs easier to gather and ensuring they’re available when and where needed.U-Haul provides customers with prepackaged moving kits containing the number and types of boxes required for a move.3: PrepareSet up the environment to do the job.Making set-up less difficult and creating guides to ensure proper set-up of the work area.Bosch added adjustable levers to its circular saw to accommodate common bevel angles used by roofers to cut wood.4: ConfirmVerify that they’re ready to perform the job.Giving customers information they need to confirm readiness.Oracle’s ProfitLogic merchandising optimization software confirms optimal timing and level of a store’s markdowns for each product.5: ExecuteCarry out the job.Preventing problems or delays.Kimberly-Clark’s Patient Warning System automatically circulates heated water through thermal pads placed on surgery patients to maintain their normal body temperature during surgery.6: MonitorAssess whether the job is being successfully executed.Linking monitoring with improved execution.Nike makes a running shoe containing a sensor that communicates audio feedback about time, distance, pace, and calories burned to an iPhone or iPod worn by the runner.7: ModifyMake alterations to improve execution.Reducing the need to make alterations and the number of alterations needed.By automatically downloading and installing updates, Microsoft’s operating systems remove hassle for computer users. People don’t have to determi.
Eric Ries is the author of the popular blog Startup Lessons Learned and the creator of the Lean
Startup methodology. He is an
entrepreneur in residence at Harvard Business School and a frequent speaker at business events. In his talk on “The Lean Start-up” at google he explained how most of the new start-up fails and the methodology that should be followed for a new start-up to be successful. Here I explained his talk at google in my words.
Innovating in Good Times & in Bad: Best Practices in Innovationfuturethink
In the current economic climate, the discipline of innovation is taking a different form. Leading organizations recognize the importance of investing in their future to be in a stronger competitive position in a post-economic crisis world. But what exactly are companies doing to stay ahead of the curve and how are they building their innovation programs to accomplish this?
Similar to 9 Indicators That Prove That Your Innovation Programme Will Fail (20)
How to choose the right business model? by @boardofinno - @nickdemeyBoard of Innovation
The different revenue model options, business model types and drivers why people pay. From Freemium, Broker to Razor-blade models. Ask the right questions to select your monetization strategy.
How we pull big corporates out of their comfort zone - by @nickdemey @boardof...Board of Innovation
Pulling big corporations out of their comfort zone is a terrific way to make them innovate like startups. Confronting corporates with unconventional markets is one of the most effective tools to do this.
This collection offers 30 controversial innovation tricks from 6 peculiar industries that we use in our bootcamp sessions.
Go ahead and discover how this weapon works for you :)
The 6 industries covered are:
1. Gaming
2. Toys
3. Fashion
4. Criminals
5. Dating
6. Sports
And the examples to look for innovation inspiration from include: GTA V, Pley.com, Hope Soap, ZowPow, Honestby, Patagonia, Rick Genest, Kanye West, Mudjeans, Heartbleed, Banksy, OKCupid, Tinder, Barkbuddy, CoffeeMe, VictoriaMilan, PartTimeLove, Gym Pact, Run an Empire & The Lean Machine Beer.
Please share more great cases from these industries with us!
15 Lessons from Behavioural Economics - by @tjalve @boardofinno - Board of In...Board of Innovation
Within our team @boardofinno, we give short presentations to each other, to learn more, to get inspired, to be amazed,…
The following deck was used by @tjalve in our internal #teachme session.
It covers 15 lessons from Behavioural Economics you can apply to your ongoing projects.
The concepts covered are:
1. The Endowment Effect
2. Hyperbolic Discounting
3. The IKEA effect
4. Anchoring Bias
5. The Von Restorff Effect
6. Loss Aversion
7. Hedonic Adaption
8. The Bandwagon Effect
9. The Inaction inertia effect
10. The Zeigarnik Effect
11. The Framing Effect
12. The Goal Gradient Effect
13. The Choice Paradox
14. Round Pricing Preference
15. Reciprocity
15 companies you should copy: business models visualised by @boardofinnoBoard of Innovation
An overview of 15 business models you should copy. Handpicked by our team at Board of Innovation & visualised with our business model tools. more info via www.boardofinnovation.com
Why it's fair that Apple takes 30% of your money (30+ platforms benchmarked) ...Board of Innovation
The average fees of 30+ digital platforms benchmarked.
average fee paypal, airbnb, apple, itunes, gettyimages, etsy, amazon, groupon, gilt and many others.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
9 Indicators That Prove That Your Innovation Programme Will Fail
1. and 13 actions to make it successful today.
curated by @arnevbalen
9 INDICATORS
that prove that your
Innovation Program
IS FAILING
2. 9 out of 10
Corporate Innovation Programs fail.
So bad.
3. 9 sentences
you should
never hear
13 solutions
you can
apply today
in this slideshow
in a Corporate Innovation Program to make it successful
4. “Our Dev/Engineers
have no direct contact
with clients”.
Huston says:
1/
*
* The image is a search result from an image archive. Reality may differ.
5. Sales and customer service
departments are specialized
in solving client problems with
off-the-shelf solutions. Coming
up with an experiment doesn’t
fit their job description and will
have a negative effect on their
performance review.
Product development
and engineers expect
sales and marketing
departments to deliver
them client insights to
design more relevant
products and services.
The innovative solution
doesn’t match customer
expectations. Oh man,
another unhappy customer.
“Our Dev/Engineers
have no direct contact
with clients”.
6. Go Agile
Buddy up an internal project manager with a
sales rep and evaluate them as a team like agile
organizations do.
what you can do“Our Dev/Engineers
have no direct contact
with clients”.
7. “The KPIs in our BU are
linked to Investment
and Return”.
Huston says:
2/
8. Managers have their own KPI’s and
growth objectives. If Manager X decides
to invest in an innovation program (e.g.
Innovation Accelerator) to create new
disruptive revenue streams for his Business
unit, the ideas will be created around
those objectives. Now imagine one of the
accelerator teams realizing that they should
pivot away from the original scope to keep
a viable idea relevant for the company as a
whole. Few managers will allow the team
to pivot in a way that another business unit
takes all the revenues.
9. Choose cross-
departmental funds
Finance uncertain projects with a cross-
departmental-fund (e.g. by CEO office) to
maximize pivot possibilities (and potential value
for the company).
what you can do“The KPIs in our BU are
linked to Investment and
Return”.
10. Thomson Reuters Catalyst Fund funds 30
projects every year and supports them with
lean startup coaching and best practices.
best practice
13. Imagine having 7 management
layers between an employee with
a brilliant idea and the director
that needs to allocate the budget
to make it happen. Each manager
will shape the idea to different
KPI’s and personal preferences.
All interesting and differentiating
factors, that make the idea
brilliant, will be gone by the time
an implementation decision can
be made.
14. Micro-finance ideas,
no string attached.
Give your employees some funds they can invest as they
wish. They’ll find the way to make the most of them to
improve their own way of working, or to initiate new
projects. And in the end, regardless the results, this also
incentivizes some healthy intraneurship in the company.
what you can do“Our governance slows
down (or kills) every new
initiatives”.
15. best practice
At Board of Innovation , all employees
have an experiment budget (€50/month)
to be used without questions asked.
16. With its Adobe Kickbox, Adobe gives their
innovation teams a $1000 prepaid credit
card to enable and accelerate intrapreneurs.
best practice
17. “Let’s go on, we already
spent 100k in this
project”.
Huston says:
4/
18. Killing projects is an hard thing to do for both
managers and project teams. Why? Firstly, it
transforms all investments in the project into costs.
Secondly, all people involved will have to accept
that they failed and let go of the project. Lastly, it’s
a challenge to know when a team tried everything
possible to make a project work.
“Let’s go on, we
already spent 100k
in this project”.
19. Create a Lab environment
where failure is part
of the game.
Create sidetracks for innovation projects (e.g. Labs, Accelerators,
Boot-Camps, Pressure cookers, Hackathons, etc.) that allow
intrapreneurs to pitch their results and call to action directly to key
decision makers, possibly top-management.
what you can do“Let’s go on, we
already spent 100k
in this project”.
20. Make the Excel sheet decide
for you.
Lean startup uses evidence-based to proof if a project can or will not
work. Many teams entering our corporate accelerator programs
are working on never-ending-money-draining projects, often
kept alive by internal politics. Using lean startup principles
in a safe environment is a perfect way to either kill or define
first implementable steps for the project.
what you can do“Let’s go on, we
already spent 100k
in this project”.
21. Call it Incremental
Budget.
Would you ever give your children the whole 1-year pocket
money, regardless their future behaviour? Decrease the
budget allocated to new projects, increase the number
of budget rounds and make the governance for budget
requests lighter. This will lower the risk of losing a big
investment and management has more chances to re-
evaluate (e.g. kill a project if necessary).
what you can do“Let’s go on, we
already spent 100k
in this project”.
22. “ROI is my best KPI for
investments”.
Huston says:
5/
23. Everyone knows that
uncertain projects need
more time to reach their
payback time. Most projects
(90%) don’t even reach
break-even. If they do,
though, chances are that the
ROI will be multiples of your
‘low hanging fruits’.
“ROI is my best KPI
for investments”.
Proj 1 Proj 2 Proj 3 Proj 4 Proj 5Proj 1 Proj 2 Proj 3 Proj 4 Proj 5
ROI in regular departments ROI in Innovation departments
24. Innovation has its own
accounting system.
Have a look at innovation accounting and see how to
measure innovation practices on different levels.
what you can do“ROI is my best KPI
for investments”.
25. Time-To-Market is
the new ROI.
Comparing projects based on projected on ROI
doesn’t make sense once the time to market
differs too much as ROI of long-term projects
is far more uncertain. Check out this insightful
article .
what you can do“ROI is my best KPI
for investments”.
26. “We don’t assign a
budget without clear
deliverables”.
Huston says:
6/
27. This investment strategy has been great for heavy
IT implementations, but it doesn’t work for projects
without a clear outcome yet. The push for control
and short term return (often driven by shareholders)
makes it impossible for uncertain projects to change
direction when needed. This increases the chance of
failure and premature project murder.
“We don’t assign a
budget without clear
deliverables”.
28. The progressive marketing department
of Cartamundi, a European board game
manufacturer, gives 10% of their marketing
budget to Pull The Trigger , a growth hacking
agency started by a former Board of Innovation
employee, to challenge their way of working
towards the same goals. This 10% can be seen
as a rule of thumb for experiment budgets and
time investment. It will decrease costs on the
long term.
best practice
29. ForestPlastics by Sappi and other
corporate startups that we support
have budget cycles of 3 months to
realign budget with deliverables.
best practice
30. Bart Remmerie , a former HR manager
of Elia Group, allocated part of his own
budget allowance to an initiative called
the ‘After Hours Guerrilla Club’ . The goal
of the concept was to enable and motivate
intrapreneurs to test new ideas and launch
them from the bottom of the company,
rather than the other way around. A great
way to enforce an innovation culture in the
company.
best practice
31. “We have a prototype
for our new service but
we’re scared to spoil our
reputation”.
Huston says:
7/
32.
33. Don’t get us wrong here. It takes
decades to build a good company
reputation and it should be protected!
What we want to tackle is how risk
managers and corporate communication
departments flag any type of
experiment with clients involved. The
main issue is the difference in both
mindset and context understanding of
lean startup type experiments. Both risk
manager and intrapreneur will have to
meet in the middle.
34. If it’s a Beta,
say it out loud!
Framing the context of experiments
and immature services is key. You won’t
disappoint your current customers, and you’ll
make the early adopters amazingly happy.
what you can do“We have a prototype
for our new service but
we’re scared to spoil our
reputation”.
35. New Android releases are prelaunched in
beta communities (a group of clients that
want to test new products, search for bugs
and give feedback). Beta (or even Alpha)
launch should be all over the place.
best practice
36. Give the new service
a distinct brand.
You’ll get two advantages: not only to bring the attention
away from the parent company when experimenting new
services, but also to diversify your target.
what you can do“We have a prototype
for our new service but
we’re scared to spoil our
reputation”.
37. BNP Paribas launched a new bank (Hello
Bank) targeting only early adopters of
regular banking services to pilot new
products & services.
best practice
38. Ask for a
maximal liability.
Intrapreneurs can use the principle of ‘maximal liability’ when
asking for permission to execute a client experiment. It is the
maximal amount of monetary risk linked to an experiment.
Risk managers aware of this concept can also suggest ways
to decrease maximal liability, rather than saying “NO” to any
experiment with a risk higher than X.
what you can do“We have a prototype
for our new service but
we’re scared to spoil our
reputation”.
40. What we hear in every second innovation
session: “We will educate the market, like
Apple did in 2007 when they launched
the first smartphone”. Well, nice to be
challenged as an innovation facilitator,
but let’s face the facts: in the early
90’s, IBM launched the Simon Personal
Communicator. Next to calling, the device
was able to send and receive faxes and
emails. IBM didn’t succeed, but it sounds
like a smartphone to me .
“Apple invented the
smartphone”.
42. Taking inspiration
is not copying.
Don’t see smart copying as ‘stealing’; see it as being
inspired by others. The more you copy what works,
the better your offering will be. If you like this idea,
feel free to download our analogy cards for free and
start copying business concepts like an artist.
what you can do“Apple invented the
smartphone”.
44. “Coming up with
innovative solutions is
always on top of the job”.
…and “Innovation is only for new
projects” are quotes that we hear
when we have an innovation
workshop with non-innovation
professionals.
45. …and “Innovation is only for new
projects” are quotes that we hear
when we have an innovation
workshop with non-innovation
professionals.
“Coming up with
innovative solutions is
always on top of the job”.
“What new innovation? Can’t you see I’m too busy?!”
46. Put innovation in
your daily routine.
Dear companies, if you really want to be innovative,
you better start experimenting in existing projects.
Start small and create a culture of trying new ways
that question the status quo.
what you can do“Coming up with
innovative solutions is
always on top of the job”.
47. ING recently launched “PACE every day” , their
program to support all employees with everyday
initiatives to use PACE principles. PACE is ING’s
uniform language to support innovation and creative
thinking. It’s a mix of lean startup, design thinking, and
agile development principles.
best practice
48. VRT, a national public-service broadcaster
in Belgium, organises bi-weekly meetups
to tackle new topics in broadly aimed open
masterclasses. Next to that, they created
‘challenge’ cards for anyone to come up with
ideas on user-centered challenges that were
uncovered by the innovation team.
best practice
49. Did we miss anything?
Send your tips to
arne@boardofinnovation.com
That’s all Folks!
www.boardofinnovation.com