“Innovation At Work” Blog
Corporate Innovation 101: How We Got Started
In this Google Hangout, hear how SAP, LPL Financial and Tata Consultancy Services got their innovation programs started and on a path to success. Watch this innovation webinar to get started with your innovation program, avoid pitfalls or fast-track your innovation success.
Join Innovation Program Leaders from Farm Credit Services of America, Kaiser Permanente and LP Financial in this Hangout where they share their innovation program tips for boosting engagement of your innovation program.
Using Brightidea’s collaborative innovation platform AXA collected 815 ideas that transformed into four prototypes headed to market. The idea evaluation process used a hackathon-like format. And that’s just part of the story.
It took three years for marketing intelligence giant Nielsen to admit their organically growing innovation program wasn’t taking the company far enough fast enough. As Stephanie Hegarty, Innovation Program Manager at Nielsen, puts it, “We weren’t there as a company, we were trying to do it on our own [using only SharePoint], and we learned the hard way.”
The theme of this year’s Birds of a Feather (BOF) event, hosted by Dell in Austin, Texas, was “The Discipline of Innovation.”
When John Jaddou was brought into Cabot as Director of New Business Development/Scouting & Innovation it was for the same reasons many other enterprises have sought innovation program help: The Boston-based company’s innovation efforts – constrained by traditional brainstorming techniques, geography, and ineffective tools – needed a shot in the arm.
Hewlett-Packard’s Head of Innovation, Ahi Gvirtsman, understood clearly the problem the info-tech giant was facing: “One of the pitfalls of corporate innovation is that people only innovate with their peers – engineers with engineers, salespeople with salespeople and so forth.”
Global healthcare leader Merck knew their innovation efforts were in danger of going this route. They had a lot of ideas coming in with an organically growing innovation program, but they needed a system for prioritizing and implementing those ideas to avoid an innovation program stall-out.
In 2005, GE launched Ecomagination – an initiative aimed at developing new power grid technologies over the next decade. Great idea, except five years in they realized something: if they really wanted to succeed in their goal, they couldn’t do it alone.
You don’t hear the word “innovation” much lately without the word “collaborative” in front of it. That’s because as companies dive into innovation as a culture, they’re realizing that it’s not something that can be successful without collaborative participation.