The Premature Extinction of the Chief Innovation Officer (CINO)

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Innovation has attained rock star status as a corporate priority and societal imperative. At the helm in many large organizations is the CINO -- the Chief Innovation Officer -- who is tasked to lead the development or process, products, personnel and measurable performance. Yet there is reason to be concerned: many trends point to the possible eradication of this corporate role, the CINO, unless lessons from the past 25 years are applied. The InnoQ Model represents one way to avert role extinction.

Business Technology

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

 Technologist

 Experimenter
6

 Facilitator of the New

 Commercializer

© 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

Thank you

Imaginatik plc

14

© Imaginatik plc 2013 |www.imaginatik.com

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The Premature Extinction of the Chief Innovation Officer (CINO)

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

7. Corporate Ecological Niche  Right brain  Disrupter  Process Champion  Maverick  Culture Breeder  Change Agent  Technologist  Experimenter 6  Facilitator of the New  Commercializer © 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

Editor's Notes

Thank you Yulia and Innovation Enterprise (IE)Thank you CINOs and CINO aspirants, other executives This is a momentous occasion…a special moment for all of us in terms of industry formation So, I propose a conversation…a sharing of insights and lessons…and, I hope, a robust discussion to ensue…one that can continue well after these remarks are madeBecause it’s very important to discuss the Reality of Innovation Leadership – we are here to tell, share and discuss the TRUTH, are we not???

The Premature Extinction of the Chief Innovation Officer (CINO)

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The Premature Extinction of the Chief Innovation Officer (CINO)

Editor's Notes