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.
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..