Going Beyond the Idea: Delivering successful corporate innovation

Grist Limited
June 1, 2003
SKU: GRT896748
License type:
Going Beyond the Idea: Delivering successful corporate innovation

 
How to drive innovative business ideas through to reality for all senior executives responsible for delivering sustainable corporate growth.

Most innovative companies are able to generate plenty of ideas and prioritise those with the greatest potential, but that is often the point when the greatest problems begin—driving validated ideas through to business reality.

Despite putting an innovation process in place, the 'engine' often still doesn't produce the desired outcomes. Executives complain both about 'false positives' where projects are allowed to proceed without sufficient validation, and 'false negatives' where promising projects are killed too early, often because they cannot compete on equal terms with the core business.

The report identifies five key success factors that leading-edge companies are building into their corporate strategies to deliver sustainable corporate growth:

  • Relentless focus on solving a customer problem
  • A leader and a team with a passion to achieve
  • A common language for communicating and charting progress
  • Relevant and quantifiable assets and skills to contribute
  • Internal and external networking



  • Additional Information

    What you will learn

  • How BG and Lattice Group transformed challenges and setbacks into valuable learning experiences by focusing on the end goals
  • How HomeServe provided South Staffordshire Water Group with great organic growth potential
  • How Abbey National drove cahoot to success by staffing intelligently
  • How QinetiQ Nanomaterial's common language helped it exploit its IP across new sectors
  • The success of BT Retail's ambitious programme of corporate venturing