Corporate Innovation Programs Focus on Teams and Empowering Internal Innovation

Though there are many ways to approach innovation, the majority of companies focus on building innovation teams or “Innovation centers of excellence,” as well as fostering internal education, before moving toward external deployments. In Crowd Companies’ recent report, The Corporate Innovation Imperative (download here), we identify 10 types of innovation programs corporations pursue when looking to evolve their business models, customer experiences, operations, or products and services. More on the 10 programs can be found here. We discovered that corporations often excel in one program initially, then add programs to their innovation portfolio as they mature and are able to justify related expenditures. And, where do they begin? With their own teams. Through our survey, we found that dedicated innovation … Continue readingCorporate Innovation Programs Focus on Teams and Empowering Internal Innovation

Your Guide to Innovation and Design Methods

By Jeremiah Owyang, with co-contributor Ryan Brinks Corporations are approaching innovation processes and methods in different manners, we’ve seen catalogs of over 70 examples. Here’s a sample of the most common methods that we’ve commonly heard in our interviews from our recent report on the Corporate Innovation Imperative (download). Feel free to leave comments below with a design process or method that you feel if valuable, and explain why. In summary, here’s the most commonly discussed and adopted versions, both in a high-level table below, then summaries below with a diagram Guide to Innovation and Design Methods Name: Founded: Type: Best for: Differentiator: Waterfall 1956 by Herbert D. Benington Linear Well-Defined projects Teams work independently on each stage Lean Startup 2008 by … Continue readingYour Guide to Innovation and Design Methods