Developing Innovation Growth Boards: Insights From Practice

Developing Innovation Growth Boards: Insights From Practice

Danielle Ferry, Senior Director of Strategy at Moody’s Analytics, discusses the implementation of innovation growth boards that have allowed the organization to experiment with a metered funding model and introduce VC-style funding for selected projects. The growth board is responsible for ensuring that the company has a balanced portfolio of initiatives across different innovation horizon lifecycle stages and prioritizing clear paths for project teams while remaining accountable for utilizing best practices and innovation. The process also promotes collaboration and provides more opportunities for learning and decision-making agility.

View

More Innovation Resources:

How to run a successful innovation campaign: The essentials

How to run a successful innovation campaign: The essentials

Learn how to run a successful innovation campaign by gathering and selecting winning concepts, with a structured process for innovation.

View
Benefits of Corporate Suggestion System

Benefits of Corporate Suggestion System

Corporate suggestion systems are platforms for employees to share ideas, criticisms, and complaints. They are important for companies to remain competitive and improve working conditions, productivity, and customer satisfaction.

View
Align your product teams around value creation

Align your product teams around value creation

Organizational silos can lead to misalignment among product teams, resulting in inefficiencies, slower time to market, and a greater likelihood of failure in innovation. Defining value creation through the eyes of the customer and establishing a shared understanding of customer needs across functions can bring clarity to the chaos, achieve team alignment, and channel creativity toward value creation.

View