The 5 Principles for Creating an Innovation Ecosystem

The 5 Principles for Creating an Innovation Ecosystem

Rather than striving to be startups, established companies need an ecosystem approach to their innovation efforts, combining cool new ideas with profitable business models for successful innovation. The five core principles outlined in The Corporate Startup offer a guide for companies building their innovation ecosystems, emphasizing the importance of having an innovation thesis, managing an innovation portfolio, and using an innovation framework and accounting measures aligned to the company's overall strategy. Innovation practice is also critical, with the Lean Product Lifecycle and Adobe's Kickbox providing guidance for product teams, and a focus on validated value and growth hypotheses for lean innovation.

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More Innovation Resources:

How To Get Structure in a Brainstorm With Idea Management

Structure is key in front-end innovation. Using an idea management platform can help create a creative yet structured environment for brainstorming.

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3 Questions to Ask During Standup to Keep Speed a Priority

Using Kanban can help teams focus on optimizing the flow of value from ideation to delivery. Three important questions can help to keep speed as a priority during standup meetings.

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Leading with Connection: Reflections on Modern Leadership

Staying connected is essential for businesses in the post-pandemic world. Leaders must foster trust, alignment, and connection with their teams to create a positive, innovative culture.

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