5th Annual Community of Practice 2020: Creating Breakthroughs
By the third day of SmartOrg’s annual Community of Practice for executives in Strategic Portfolio Management (SPM), one of the participants had an epiphany: “I used to think that SPM was just project roll-ups for reporting and make some incremental choices, but now I see that it’s a way to drive our organization towards achieving big growth goals.”
9 min read
The paradox of important but ineffective innovation: Lean Operators and Courageous Companies
Innovation is important. The problem is it isn’t very effective.
At a recent event, my colleague, Ralph Morales III, polled the audience on the importance and effectiveness of innovation, and a paradox emerged: innovation is important but ineffective.
8 min read
Hewlett-Packard (HP) Turbo-charging New Business Creation
A leader in innovation, HP recognized the need to develop radically new ideas and manage the tremendous uncertainty surrounding moving into new businesses.
New Opportunities are fraught with unknowns. HP scouted LOFA topics across multiple opportunities.
2 min read
Your Long-Range Plan is Invalid. Now What?
The game has changed.
Among the many things disrupted by the Covid-19 pandemic is your organization’s long-range plan. Those carefully negotiated assumptions that informed your projections of growth and guided your innovation and R&D budgets have been exposed as the comforting fictions we always knew they were
3 min read
The COVID-19 innovation challenge: Keeping the golden goose alive
We all know COVID-19 is disrupting everything, including innovation-driven growth. What should we as members of the innovation community be prepared for? What can we do to keep innovation alive or maybe even help it thrive in these surreal times?
5 min read
Matching the Language of Investors and Innovators | Chapter 3
In February’s ValuePoint, I discussed the importance of articulating the evidence of value in the innovation process. Last month I continued the story with the need to prioritize the value of evidence, to prioritize innovation activities to “buy down ignorance” in service of decreasing opportunity risk.
6 min read
Prioritizing the Value of Evidence | Chapter 2
After my stint as the finance director for HP’s effort to enter the on-demand photo printing market, I transitioned into the role of Innovation Scout for HP’s foray into consumer wearables.
7 min read