The Evolution of the Corporate Innovation Function (And What That Means For Your Career)

The Evolution of the Corporate Innovation Function (And What That Means For Your Career)

The article explores whether innovation should be a separate function or integrated within other functions and core business operations. Corporate innovation veterans share their perspectives on innovation, and the discussions revolve around the impact of innovation on careers, the definition of innovation, and the structure of innovation efforts. The article highlights the need for a clear definition of innovation and the importance of roles that are played in carrying innovation forward. It also emphasizes the requirement of a dedicated entity for transformational innovation and specialist roles, and the need for innovation to be at the core of any organization's strategy and culture. Finally, it explores the impact of innovation on different roles within an organization and how innovation will impact careers in the future.

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More Innovation Resources:

7 Takeaways on Strategy, Creativity, and Innovation from 2011 TED

Learnings on innovation, creativity, and strategy from various presentations at TEDxKC.

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Enabling Team Innovation in Banking and Financial Services - Agorize

Organizational culture is crucial for innovation in the banking sector. This whitepaper explores the challenges faced by leaders in their transformation journeys and the impact of organizational culture on innovation.

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Chasing Cool Ideas vs. Solving Consumer Needs - By Woody Bendle

Innovation is about solving customer needs, not just chasing cool ideas. Thomas Edison's focus on creating things people want, need, and are willing to buy is still relevant today, as over 60% of new-product development efforts fail to reach the market.

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