Significant growth from breakthrough innovation is very difficult to achieve in large organizations.
Large company investment in breakthrough concepts has been falling for twenty-five years. Our largest organizations are simply not designed to deliver results from innovation. The cross-functional nature of successful innovation means that organizational accountability only comes together in the office of the CEO, and our Chief Executives have their hands full with more than a few other responsibilities.
Enter the Chief Innovation Officer.
In 2012, over 43% of large corporations had a single senior executive formally accountable for innovation. This was up by almost a third in a single year. This makes the Chief Innovation Officer the fastest growing executive role in recent memory.
But what does a Chief Innovation Officer actually do? That is the question we are here to explore.
Chief Innovation Officer Resources
The team is working on a variety of resources and tools that will help Chief Innovation Officers succeed in their new position. Tools and resources that will soon be accessible include:
- Innovation Management Framework
- Innovation Capability Maturity Model
- Capability Self-Assessment Tool
- Portfolio Review Questions & Checklist
- Concept Evaluation Framework
- Flexible Gated Development Model
- Solution Provider Market Overview
- Portfolio Analysis Tools & Views
- Innovation Dashboard Design & Tool
- Product Development Value Map
Bill is currently working on his first book, The Innovation Officer’s Playbook. This playbook is meant to be a guide for all Chief Innovation Officers as they work to define their role and deliver on the promise of innovation for their organizations. Read more..