Separating entrepreneurs from corporate innovators

Separating entrepreneurs from corporate innovators

Creating new products and services is a challenging task that both entrepreneurs and corporate innovators face. However, entrepreneurs have the luxury of betting everything on one idea and dedicating all resources to its success. On the other hand, corporate innovators are limited by corporate structure, competing priorities and minimal resources. Therefore, corporate innovators have a more difficult job and need to incorporate some of the passion and risk-taking attitude of entrepreneurs. Corporations need to encourage competition between ideas and be clear about their innovation goals, risks and funding.

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More Innovation Resources:

An image of cascading coins into various project funnel stages.

Using a "budget pool" to reduce the cost of innovation

Learn how to reduce the cost of innovation with an innovation budget pool that allows projects to access a proportion of the total allocated budget at each stage of their journey.

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How to Establish Innovation Metrics

How to Establish Innovation Metrics

Establishing the right innovation metrics and indicators can be challenging. This article discusses research around innovation metrics and KPIs, and how they can be structured by process phase, measurement area, and expression in qualitative or quantitative terms.

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A Myriad of Ways to Being Creative

A Myriad of Ways to Being Creative

Being innovative is just one of many ways to be creative. Organizations need to recognize and appreciate diverse problem-solving styles, from highly adaptive to highly innovative, in order to tackle complex problems successfully.

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