What Is Corporate Innovation & Why Is It Important? 💡 | Corporate Lab

What Is Corporate Innovation & Why Is It Important? 💡 | Corporate Lab

Corporate innovation is not just about having a creative mindset but a set of practices and strategies that are followed to achieve new objectives. Startups are good at innovation, but all companies need to innovate to stay competitive. Corporate innovation can be of various types such as technological innovation, business innovation, and others. Companies can execute projects that contribute to corporate innovation through hackathons, innovation labs, and internal events. Corporate innovation is crucial for companies to adapt to changes, new needs, and deal with new and fresh ideas from startups.

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More Innovation Resources:

How to set up an innovation lab: The definitive guide

This article explains what innovation labs are, their importance, when to build them, and the steps to set up and maintain effective innovation labs.

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Internal vs. External Crowdsourcing: How to Determine the Best Solution

The article discusses when it's best to use an internal crowd versus an external crowd for ideation challenges, including which types of challenges each group works best for and potential issues to watch out for.

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Design Thinking & Innovation Development through Training - Innovation

Online design thinking & innovation programs can help professionals and organizations develop innovation skills to adapt and respond to the changing world.

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