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The Premature Extinction of the CINO
Chief Innovation Officer Summit
December 5, 2013

Luis Solis
President, North America
Imaginatik plc
@innoalchemist

© Imaginatik plc 2013 |www.imaginatik.com
Innovation Alchemists
“What every CEO
needs to know
to hire the RIGHT
Chief Innovation Officer”

1

© Imaginatik plc 2013 |www.imaginatik.com
CINOs @ A Glance

 United Technologies (1993)
 Coined in 1998
 ~500 worldwide
 Fast-growing role

2

© Imaginatik plc 2013 |www.imaginatik.com
Charles Darwin

 The Crowd: “survival of the fittest”
 Charles: “it is not the strongest or
the most intelligent who will survive
but those who can best manage
change”

3

© Imaginatik plc 2013 |www.imaginatik.com
Ecological Niche

4

© Imaginatik plc 2013 |www.imaginatik.com
Premature Extinction

5

© Imaginatik plc 2013 |www.imaginatik.com
Corporate Ecological Niche

 Right brain
 Disrupter

 Process Champion

 Maverick

 Culture Breeder

 Change Agent

6

 Facilitator of the New

 Technologist

© Imaginatik plc 2013 |www.imaginatik.com
“Back in the Day”

7

© Imaginatik plc 2013 |www.imaginatik.com
Extinction Pattern

Unable to Survive Changing
Conditions
Unable to Survive Stronger
Competition

8

© Imaginatik plc 2013 |www.imaginatik.com
Large Mining Multinational
 The Niche  Lower cost production w/ new
technologies and business model revamp
 Changing Conditions  Plummeting endprices; scaling cost inputs; new CEO and team
 Competition  Operations (go back to basics)

 Outcomes  Release 13 FTEs in Innovation
(plus 14 part-time)
9

© Imaginatik plc 2013 |www.imaginatik.com
Red Flags

Factor

Consideration

EcologicalNiche

•

Undervaluation of “New”

Changing
Conditions

•
•
•

Shortened Horizons
Fear of Failure
Another Reorganization

Stronger
Competition

•

CDO/Digital

10

© Imaginatik plc 2013 |www.imaginatik.com
Species Longevity

CINO CAPACITY TO
PROVE YOU ARE
ESSENTIAL TO GROWTH
(THUS PROCREATE)

11

© Imaginatik plc 2013 |www.imaginatik.com
Species Protection: InnoQ Model
• Allies
• Alignment
• Risk Mindset
• Shared Wins

Imperative

Institutional
Trust
•LoC
• People & Time
• Portfolio
• CFO
12

© Imaginatik plc 2013 |www.imaginatik.com

• CEO
• Maturity Roadmap
• Language
• Horizons/Pace

Impact

Investment

• Visible
• Indicators
• Evangelize
• Keep Score
First book about CINOs for CEOs
 January 2014
 19 essays by CINOs
 Frameworks
 Via Amazon in e-book
format

www.innovationalchemists.co
m
13

© Imaginatik plc 2013 |www.imaginatik.com
Study: State of Global Innovation 2013
 Interviews with
hundreds of
innovation leaders
 81% say lackluster
follow-through on
good ideas is a major
impediment to
innovation success

http://bit.ly/2013GlobalInnovationReport
14

© Imaginatik plc 2013 |www.imaginatik.com
Thank you

Imaginatik plc

15

© Imaginatik plc 2013 |www.imaginatik.com

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Luis Solis - Chief Innovation Officer Summit 2013

  • 1. The Premature Extinction of the CINO Chief Innovation Officer Summit December 5, 2013 Luis Solis President, North America Imaginatik plc @innoalchemist © Imaginatik plc 2013 |www.imaginatik.com
  • 2. Innovation Alchemists “What every CEO needs to know to hire the RIGHT Chief Innovation Officer” 1 © Imaginatik plc 2013 |www.imaginatik.com
  • 3. CINOs @ A Glance  United Technologies (1993)  Coined in 1998  ~500 worldwide  Fast-growing role 2 © Imaginatik plc 2013 |www.imaginatik.com
  • 4. Charles Darwin  The Crowd: “survival of the fittest”  Charles: “it is not the strongest or the most intelligent who will survive but those who can best manage change” 3 © Imaginatik plc 2013 |www.imaginatik.com
  • 5. Ecological Niche 4 © Imaginatik plc 2013 |www.imaginatik.com
  • 6. Premature Extinction 5 © Imaginatik plc 2013 |www.imaginatik.com
  • 7. Corporate Ecological Niche  Right brain  Disrupter  Process Champion  Maverick  Culture Breeder  Change Agent 6  Facilitator of the New  Technologist © Imaginatik plc 2013 |www.imaginatik.com
  • 8. “Back in the Day” 7 © Imaginatik plc 2013 |www.imaginatik.com
  • 9. Extinction Pattern Unable to Survive Changing Conditions Unable to Survive Stronger Competition 8 © Imaginatik plc 2013 |www.imaginatik.com
  • 10. Large Mining Multinational  The Niche  Lower cost production w/ new technologies and business model revamp  Changing Conditions  Plummeting endprices; scaling cost inputs; new CEO and team  Competition  Operations (go back to basics)  Outcomes  Release 13 FTEs in Innovation (plus 14 part-time) 9 © Imaginatik plc 2013 |www.imaginatik.com
  • 11. Red Flags Factor Consideration EcologicalNiche • Undervaluation of “New” Changing Conditions • • • Shortened Horizons Fear of Failure Another Reorganization Stronger Competition • CDO/Digital 10 © Imaginatik plc 2013 |www.imaginatik.com
  • 12. Species Longevity CINO CAPACITY TO PROVE YOU ARE ESSENTIAL TO GROWTH (THUS PROCREATE) 11 © Imaginatik plc 2013 |www.imaginatik.com
  • 13. Species Protection: InnoQ Model • Allies • Alignment • Risk Mindset • Shared Wins Imperative Institutional Trust •LoC • People & Time • Portfolio • CFO 12 © Imaginatik plc 2013 |www.imaginatik.com • CEO • Maturity Roadmap • Language • Horizons/Pace Impact Investment • Visible • Indicators • Evangelize • Keep Score
  • 14. First book about CINOs for CEOs  January 2014  19 essays by CINOs  Frameworks  Via Amazon in e-book format www.innovationalchemists.co m 13 © Imaginatik plc 2013 |www.imaginatik.com
  • 15. Study: State of Global Innovation 2013  Interviews with hundreds of innovation leaders  81% say lackluster follow-through on good ideas is a major impediment to innovation success http://bit.ly/2013GlobalInnovationReport 14 © Imaginatik plc 2013 |www.imaginatik.com
  • 16. Thank you Imaginatik plc 15 © Imaginatik plc 2013 |www.imaginatik.com