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- Corporate innovation is dead
Corporate innovation is dead
Standing out isn't about efficiency and control:
Executives decide what works and how.
Control cost and project administration.
In 2018, establishing an innovation department became a trend—a necessity.
But many of these efforts failed miserably.
Leaders should refrain from being protective.
What should corporates do instead?
What I recommend based on observing corporate dynamics and innovation strategies:
1. Avoid handing over innovation to traditional leaders.
2. I’ve seen creative roles filled by people with no creative skills, simply due to connections and seniority.
(what I call a bad political game).
3. Grant the innovation team autonomy.
4. Provide others with innovation skills.
Before, corporations got innovation wrong, now you can still revive old dreams.
(Reinventing is a must right now)
Leave your surrounding glass; engage with people in the field and reclaim your vision.
P.S. Have you witnessed innovation dying in corporations?
P.S.S I'm building a business strategy tool that uses real-time trends to help companies like yours discover new opportunities and stay ahead—based on your industry, size, and region.
It also provides a clear roadmap, required resources, and actionable steps.
Interested? Just reply or reach out.
Thanks for reading,
Ahmed