Following a career in innovation might sound really exciting. At least in theory, you will have to tap into your creative self, you will get the chance to play with the latest technology, understand the latest trends and overall have a feeling of being ahead of the curve. But in reality, in most companies, following a career in innovation might be the worst choice one can make.
Deciding on which strategic option to pursuit comes from understanding if the timing is right to act and if your comapny is in the best position to succeed in with that strategic option.
The process of developing a strategy in companies pre-pandemic was nothing more than an exercise in incremental adaptation of last year’s plan. The pandemic proved
A lot of commentary around innovation and disruption takes it as a given that startups own the future. Compared to corporate giants, startups are nimble
Tape a Business Model Canvas or Lean Canvas on a wall, grab a large stack of post-it notes and pile of sharpies, invite all the stakeholders. That’s it! You’re
“The king is dead. Long live the king.” was coined at the death of Charles VI of France. He started his reign with the nickname The
In previous posts, I have defined innovation as the combination of creative ideas with sustainably profitable business models. While it is good that companies invest
Last year, I was engaged in an interesting debate with colleagues about the role of innovation labs and startup accelerators in large companies. Most of
Corporate leaders often talk about creating a “culture of innovation” within their companies. When having these conversations, they often act as if organizational culture is
Financial resources, know-how, assets, they are all created by the human resource of the company. People are behind the success or failure of any initiative
Five years ago Kodak filed for Chapter 11 bankruptcy protection. This was not only an economic tragedy for one of the great companies of the last century,