Businesses are constantly looking for the next big thing, a way to keep their organization relevant in the ever-changing world of commerce. While many enterprises understand the theoretical importance of innovation as a means to remain relevant and competitive, few know how to move innovation from the conceptual to the concrete.
Technology empowers today’s companies to innovate quicker than ever, yet few enterprises have the freedom and agility to create and scale new ventures at the speed of their market. Enterprises can accelerate innovation by looking outside their own walls to innovation partners.
The journey of a corporate innovator can be a tumultuous path that is not for the faint of heart. Corporations are designed to remove variability and risk for their enterprise, which creates friction along the path of the innovator’s journey, and the role of the innovator is often unclear to the organization.