5 ways Chief Product Officers can Foster Innovation

The role of a Chief Product Officer (CPO) is to drive innovation and create a product roadmap that delivers business value. For this purpose, CPOs can take five steps to effectively foster innovation: create an environment for off-routine work, encourage face-to-face interactions, send a clear message about culture during hiring, make themselves available to employees, and adopt a venture capital approach to innovation. By taking these steps, CPOs can allow for new, innovative ideas to surface and be supported by the product development team, driving the overall success of the company.