How Innovation Governance Elevates Your Innovation Teams’ Performance

Innovation is not a magical process, but something that gets the job done better than everything else before. However, large and incumbent companies are not that good at finding breakthrough innovation, although employing large budgets and teams. That is why defining sound innovation governance is crucial for high performance in organizations. Sound governance model trickles down corporate aspirations into expectations towards innovation teams and forms the paths for their activities. The building blocks of sound innovation governance are clear objectives, responsibilities and jobs to be done, accountability and reports, and coordination and autonomy costs. Innovation governance helps organizations close the cycle between objectives, responsibilities, accountability, and coordination.