“In the knowledge-creating company, inventing new knowledge is not a specialized activity—the province of the R&D department or marketing or strategic planning. It is a way of behaving, indeed a way of being, in which everyone is a knowledge worker—that is to say, an entrepreneur.”[1] Personally, the most capable organizations I have been a part […]
Monetizing Innovation (Part 2): The Right Team Counts Even in a Large Organization
For entrepreneurial activities, those with experience investing their own money in a company know that the organization’s team matters, as discussed in a previous IOI Partners article. This is no less true when undertaking intrapreneurial activities to tackle innovation within a large organization. The focus here is on innovations requiring significantly new activities for the […]
Interim Leadership: Why Every Company Needs an Interim Executive Leadership Plan
Think it’s easy finding an executive to plug a hole in your organization? Think again. A 2014 ExecuNet survey stated it takes 6.4 months for an executive to find a permanent position and that only 4 out of 10 companies have an immediate successor to a CEO. The concept of executive interim leadership has emerged and […]
Monetizing Innovation: The Right Team Counts
When starting a business or pursuing an innovation initiative, a critical component of success is having a great team. In fact, this may be the single most important factor and by itself, often determines whether a given initiative will be successful. Unfortunately, the evaluation of a team’s effectiveness is often done after an initiative is […]
Improving Innovation Effectiveness: Adopt an Investor’s Mentality
Why do so many innovation initiatives fail to live up to expectations? Were the expectations unreasonable or was it simply irrational exuberance? In the world of early stage investing, every entrepreneur pitching a business plan has their version of the infamous hockey stick growth model. In reality, hockey stick growth is as elusive as the […]
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