Innovate on Purpose: Org Chart for Innovation

Innovation is a top-of-mind topic for many organizations, but organizing for it can be daunting. One of the biggest challenges is determining who owns innovation, with senior management enthusiastic but unsure how to structure and fund innovation. Additionally, innovation cuts across organizational and functional boundaries, and ideas need a home where they can solve problems and be funded. A shared model is emerging as the best approach, where corporate provides funding, resources, tools, processes, and strategic intent, and business units provide ideas, metrics, and goals. This leads to consistent innovation language, processes, tools, and experience across the organization, greater visibility to ideas, and increased collaboration.