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A Venture Capital Model for Innovation | Business Agility Series

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Manage episode 273974677 series 2577020
内容由Accenture | SolutionsIQ提供。所有播客内容(包括剧集、图形和播客描述)均由 Accenture | SolutionsIQ 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

How important is transformative innovation to your company and are you willing to invest in it? John Carter, a product development expert and inventor, shares his advice for how to nurture innovation within an organization.

He believes a governance structure that includes the following is a key to success:

  1. Governance: Get the right leaders to the table and give them oversight of fragile innovations. They allocate capital from the pool of venture funds.
  2. Process: Establish a process for receiving and selecting ideas; identify how to transfer ideas into development using clear entrance and exit criteria.
  3. Finance: Create a specific investment for the strategic innovation portfolio and approve it in the budget year. Make it large enough to start at least three projects.

Carter emphasizes that for true innovation to happen, the employees focused on the project should be moved out of the organization into a protected space, away from everyday distractions and tasks such as Slack, email etc. “The biggest place where innovations fail is transferring out of this protected zone and into the company.”

Accenture | SolutionsIQ Alalia Lundy hosts.

The Agile Amped podcast is the shared voice of the Agile community, driven by compelling stories, passionate people, and innovative ideas. Together, we are advancing the impact of business agility.

Podcast library: www.agileamped.com

Connect with us on social media!Instagram: www.instagram.com/agileamped/LinkedIn: www.linkedin.com/company/solutionsiq/

  continue reading

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Artwork
icon分享
 
Manage episode 273974677 series 2577020
内容由Accenture | SolutionsIQ提供。所有播客内容(包括剧集、图形和播客描述)均由 Accenture | SolutionsIQ 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

How important is transformative innovation to your company and are you willing to invest in it? John Carter, a product development expert and inventor, shares his advice for how to nurture innovation within an organization.

He believes a governance structure that includes the following is a key to success:

  1. Governance: Get the right leaders to the table and give them oversight of fragile innovations. They allocate capital from the pool of venture funds.
  2. Process: Establish a process for receiving and selecting ideas; identify how to transfer ideas into development using clear entrance and exit criteria.
  3. Finance: Create a specific investment for the strategic innovation portfolio and approve it in the budget year. Make it large enough to start at least three projects.

Carter emphasizes that for true innovation to happen, the employees focused on the project should be moved out of the organization into a protected space, away from everyday distractions and tasks such as Slack, email etc. “The biggest place where innovations fail is transferring out of this protected zone and into the company.”

Accenture | SolutionsIQ Alalia Lundy hosts.

The Agile Amped podcast is the shared voice of the Agile community, driven by compelling stories, passionate people, and innovative ideas. Together, we are advancing the impact of business agility.

Podcast library: www.agileamped.com

Connect with us on social media!Instagram: www.instagram.com/agileamped/LinkedIn: www.linkedin.com/company/solutionsiq/

  continue reading

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