Running Innovation Labs and Programs: What Has Worked (And What Not) at OP Financial, Indeed, Ericsson and Fraunhofer

Four innovation leaders shared tips on innovation management during an online event on Business Design & Venture Building. Kristian Luoma, from OP Financial, recommends learning the hype cycle and innovation diffusion cycle. Lisa Besserman, from Indeed, suggests identifying entrepreneurs, empowering employees to innovate, increasing risk-taking, cross-functional collaboration, providing resources, and offering executive support. Salman Taj, from Ericsson, credits ONE’s 5i Process, executive support, solutions to real problems, simplicity, transparency, and maturity for its innovation success. Thorsten Lambertus, from Fraunhofer, offers insights on infancy, childhood, and adolescence stages, and advises that building a successful program takes time.