The Decline of Corporate Innovation Arms: Why It Makes Sense and How to Reconnect Innovation with Strategy
In recent years, numerous companies have made the decision to close their innovation arms. Notable examples from this year alone include Migros, ZF, SAP, FWD, and Walmart. At first glance, this trend might seem counterintuitive. After all, innovation is often touted as a crucial driver of growth and competitive advantage. However, a new study by […]
The Innovation Thesis and its Structure
President Kennedy’s address to the joint session of the US Congress on May 25th 1961 can be viewed as the start of the space race: “… I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to […]
Three Things to Consider When Developing an Innovation Strategy
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 that the strategy development process needs to be more dynamic if the companies are to be able to swiftly adapt to new conditions when they arise. Furthermore, strategic planning is […]