❶
Enthusiastic and effective
C-level and
leadership support is a
critical key driver of success
of an innovation function. The
Top Management Team must
lead innovation in an
inspiring,
entrepreneurial and
supporting way.
❷
Strategic focus and
strategic
alignment are highly
important to success of an
innovation functions. The new
product vision and innovation
strategy must be aligned with
the
strategic intent of the
company, well developed,
integrated into the broad
corporate strategy, and clearly
articulated. Companies with
integrated strategies share
organizational elements across
the
innovation portfolio.
❸
Innovation functions that have
complete
A-Z/360 responsibility for their
value chains ‒ ideas, proof of
concept, beta-testing, launch,
and scaling ‒ are more effective
at meeting objectives and
achieving in-market successes.
❹
Innovation
functions linked to talent
hubs and/or target markets have
more market success and meet
their objectives more
effectively.
Co-innovation with customers
and suppliers increases chances
for success. Entrepreneurial
simulation games, like
InnoBall (Innovation
Brainball), help
empowered cross-functional
innovation teams achieve far
more and beyond their initial
aspirations.