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The Entrepreneurial CFO

Innovation failures should not come as a surprise. Failure is an inevitable part of any entrepreneurial activity. In 2002, the failure of CNN+ made headlines. The streaming service was launched on March 29th. Less than a month later, on April 21st it was discontinued with only 10,000 active users. A similar failure happened to Quibi, the short-form streaming platform […]

Corporate Innovation Is Harder Than It Looks

Innovation always looks fun from the outside. The image of Steve Jobs launching the iPhone in 2007 or the current success of OpenAI and NVIDIA. People who work at these companies look like they are having a lot of fun. But how much fun are they really having? Morgan Housel’s latest book Same As Ever is packed […]

The Counterintuitive Way To Win With Innovation

The way that companies win with innovation is counterintuitive. Leaders have to give up the need to win on every investment they make. Instead, they have to make multiple bets and expect to win on only a few of those bets. This is a difficult mindset shift for most corporate leaders to make. In venture […]

When Should An Innovator Quit Their Job?

There are a number of inspiring success stories when it comes to corporate innovation. A few examples include Frito Lay’s Flamin’ Hot Cheetos, Google’s GMail, 3M’s Post-It Notes and McDonald’s Happy Meal. Despite these successes, being a corporate innovator or intrapreneur is not easy. It can be frustrating trying to navigate innovation projects through corporate […]

A Better Way To Think About Success With Innovation

In the corporate world, a lot of people feel that they should be putting their best foot forward. No one wants to admit failure. Such a culture is a problem for innovation. Leaders need to redefine what it means to put your best foot forward. In the best-selling book Originals, author Adam Grant illustrates that the […]

Is Your Innovation Project Condemned To Succeed?

The idea that any project might be condemned to succeed sounds like an oxymoron. But when it comes to innovation, the expectation that any one specific project should succeed can feel like condemnation. This is because the best way for companies to find good innovative ideas is for leaders to make small bets on multiple […]

Do Corporate Innovation Programs Produce Results?

There are very few companies that lack innovation programs. Innovation programs are often bigger than innovation projects and will house more than one innovation project. There are many different examples of corporate innovation programs including idea competitions, corporate incubators, innovation boards and corporate venture capital. The main challenge with corporate innovation programs is ensuring that […]

Three Signs That Innovation Has Power And Legitimacy In Your Company

A majority of leaders now view innovation as one of the top drivers of growth for their company. This means that company leaders can no longer treat innovation as a side show. To ensure that innovation succeeds in driving growth, it has to be accorded equal status to the core business. This is the perennial challenge that […]

Is Your CEO A World Class Innovation Leader?

Without leadership support, most corporate innovation programs are dead on arrival. Grassroots movements can have some early success. However, if they remain within the grassroots, their long term prospects are poor. The corporate antibodies that attack innovation programs are just too strong. Within established companies, the long term success of innovation depends a lot on […]

The Problem With Idea Competitions

Innovation success is, to a great extent, driven by having value propositions that resonate with customers and business models that are scalable and profitable. However, having cool breakthrough ideas is an important ingredient of the innovation process. To drive transformative innovation, you need to have people that can think outside the box of the existing […]