The Counterintuitive Path to Great Innovation
On the one hand, 64% of nonexecutive directors on corporate boards claim to be increasing their risk appetite in pursuit of growth. On the other hand, when it comes to innovation, only 16% of innovation leaders say their organizations accept a high level of risk. Closing this gap is a must. Executive leaders can pursue a wide range of projects and scale the right ones into the fabric of the business by doing five things that contradict conventional practices.
R&D Leaders Can Help Move Innovations Off the Shelf
Three-quarters of R&D leaders report that half of the innovations they deem ready for passing to the business end up unused. The tactics that will change this calculus are not one-off steps; they are continuous changes to the way R&D works within its function and with stakeholders.
Put User Experience at the Heart of Scaling AI
If AI models aren’t relevant to business outcomes or easy to handle, few will use them. Success stories from data and analytics leaders at BDO UK and AptarGroup demonstrate three practices for achieving widespread adoption: curated workflows, smart business partner communication and simple model interfaces.
The “Risk Balance Sheet” — What It Is and Why You Need One
A new method that translates risks into the familiar context of a financial ledger can increase leaders’ comfort with rolling out initiatives throughout the enterprise. Applying concepts such as “risk assets,” “risk debt” and “risk equity” can help executives assess their portfolio of major strategic decisions and clarify where the organization can afford to take a chance.
Amplify Business-Led Technology Innovation
Business technologists should be able to experiment with their own ideas, and central innovation leaders should help them. Technology leaders at three companies shared ownership of innovation by offering tiered support, synthetic data sandboxes and a collaboration platform.
How Schneider Electric Deployed 500 Supplier Innovations in 5 Years
Suppliers are an underused source of creativity — most organizations are not ready to pursue, receive, evaluate and deploy their innovative ideas. Schneider Electric developed a system to elevate the best proposals, align them to corporate strategic goals, vet them and move them to the business. Escalating Smart Ideas New Thinking for New Times.