A few years ago I was working with an innovation team at a global financial firm based in Europe. I was helping the team to prepare for their pitch to the innovation board. In the weeks leading up to the board meeting, the team had worked intently on preparing materials…

In a previous article I wrote about how companies can stop relying on consultants and build their own innovation capabilities. It is difficult to scale innovation as a repeatable process if companies continue to rely on external coaching and training for their innovation teams. One way to think about innovation…

Alex Osterwalder, best-selling author and inventor of the Business Model Canvas, hates it when innovators refer to themselves as pirates. This is because pirates originally operated outside the law and if they were ever caught they were killed. In one sense he is right. When you are working in a…

To move beyond innovation theater, intrapreneurs have to become keenly interested in creating value for the companies they work for. This should lead them down a path of figuring out what is true versus myth when it comes to innovation. Authentic intrapreneurs are keenly interested in what works. They are…

When it comes to innovation, the one commonality that unites people who work in large companies is a sense of doubt. Can this really be done in our company? Getting people to step over the breach and try to innovate is often met with a sense of trepidation. …

When it comes to innovation success, I find it difficult to stop for a moment and smell the roses. When I meet corporate innovation teams that have succeeded in launching one or two products in the market, I become fearful that they are about to get distracted by their success…

Why Intrapreneurs Are Not Just Entrepreneurs Working Inside Large Companies

In a previous article, I wrote about how people wrongly assume that entrepreneurs working in startups create more transformative innovations than intrapreneurs working in large companies. The research data reveals the opposite. In fact, over 70% of transformative innovations are…

Leaders in established organizations have now moved beyond debating whether innovation is necessary. The conversation has now shifted to finding the right ways to innovate. As a result of this, companies are launching a lot of innovation programs. I am consistently finding that whatever innovation program I have been brought…

On April 7 2020, CB Insights published a list of 160 biggest product failures of all time. The list is a good illustration of what happens when corporate innovation goes wrong. I was not at all surprised that innovative ideas sometimes fail. This is after all a part of the…

As the pace of change increases, the great companies will be the ones who can explore new opportunities, while running their current business. This ability to live in the two worlds of explore and exploit will be the true test of corporate leadership. …

Tendayi Viki

Associate Partner at Strategyzer. Author of Pirates In The Navy. Thinkers50 Innovation Award Nominee 2017 - Radar Thinker 2018. Learn more: www.tendayiviki.com.

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