Innovation Teams: How To Establish Yourself As A Key Function In Your Company

Innovation Teams: How To Establish Yourself As A Key Function In Your Company

Innovation teams face challenges in proving their value within companies and justifying their existence. To establish themselves as a key function, innovation teams need to build a thriving innovation ecosystem by making small bets and creating a pipeline of ideas. Additionally, it is important to establish relationships with key departments such as legal, marketing, and finance, as well as to align decisions and foster intentionality. By doing so, innovation teams can prove their worth and contribute to the overall aims of the company.

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More Innovation Resources:

The 6 Types of Strategic Planning Activities for a Workshop

Strategic planning activities for a workshop can be divided into six categories: interacting, informing, investigating, insighting, iterating, and integrating. By selecting the right menu of activities, organizations can create strong strategies efficiently.

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What Does the Latest Research on Innovation Management Software Reveal?

A study conducted by German universities analyzed the role of Innovation Management Software (IMS) adoption on New Product Development effectiveness and efficiency. The study found that IMS adoption improves NPD efficiency, but not effectiveness, and that Idea Management is the functionality that had the most significant impact.

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What is the innovation board (Innovation steering committee)

An innovation board, or an innovation steering committee, is a group of executives responsible for managing and overseeing a company's innovation journey. Its purpose is to align innovation with business goals, manage resources, and make important decisions regarding innovation projects.

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