Everyone wants to think that their innovation program is going to change the world and that feeling persists, because successful innovation programs can have enormous real-world returns. Businesses can save millions of dollars, new business models can disrupt markets, but some of the most impactful innovation efforts are genuinely in the healthcare space. Not only does healthcare innovation overall save the system money (for every dollar spent on innovative medicines, total healthcare spending is reduced by $7.20) but it also has the power to truly save lives as evidenced by research that states “between 1980 and 2010, medical advancements helped add 5 years to U.S. life expectancy.”
IdeaScale’s second largest customer segment is in the field of education (our largest segment is our work in government innovation) and it’s been growing steadily over the past four years. One of the reasons that we think there’s a renewed focus on innovation in education, is because numerous emerging trends impact education at every level: from remote learning to the maker movement and the gig economy.
What is happening in the world of innovation these days? In this article, innovation architect Doug Collins reflects on what he heard and learned at the Chief Innovation Officer Summit in New York this month. In short: do not underestimate the value of transparency that the practice brings.
A couple of years ago the Chief Innovation Officer was just one in a long list of senseless job titles specifically designed to dress up traditional roles. We saw lifeguards become ‘wet leisure assistants’ and binmen turn into ‘waste management and disposal technicians’. While most are easy to see through, the CINO has become a bonafide job title, and a position many leading companies have adopted.
Questionable or confusing job titles have long provided fleeting office lunch-break entertainment. A quick search online brings up innumerable lists, featuring classics such as: Senior Information Adviser (otherwise known as a librarian), Wet Leisure Assistant (lifeguard) and Ideation Director (advertising). In this article Harvey Wade, Director, Innovation Strategy at Mindjet, discusses why a job title formerly found at wannabe creative companies is now playing an increasingly recognised and integral role in business.
Organizations, embracing innovation, have taken the seemingly logical step of designating people to help “foment a culture of innovation.” Enter the chief innovation officer.
Enterprise innovation success seems illusive for large organizations. In the United States, executive leaders frustrated with the slow pace of innovation success are seeking elixirs to step up progress. This article reveals seven highly effective lessons for corporate leaders seeking to declare an innovation victory in the coming years. The answer lies on the “human” side of the equation.
Amy Radin became one of America’s first Chief Innovation Officers when Citigroup appointed her to the role in 2005. She is currently Chief Innovation officer at E*Trade Financial, the leading online discount stock brokerage. Amy talks to Innovation Management about what it takes to be a head up on innovation in a major corporation.
Citi Chief Innovation Officer Deborah Hopkins believes now is an incredible time for new companies due to the pace of cultural and technological change. As the head of Citi Ventures, Hopkins leads the banking firm’s efforts to invest in companies delivering disruptive technology products. Hopkins shares rules for revolutionary entrepreneurs and describes how Citi’s initiatives are shaped by empathy for customers and a commitment to sharing new ideas.
Do large companies need a Chief Innovation Officer? First they need to think more clearly about the range of issues they can innovate their way through and those that they cannot.
The European Union’s ‘Innovation Union’ initiative signals a change in how we think about innovation and the relationship between innovation, research and product or service development. In this four part series exploring the implications of the EU initiative, Haydn Shaughnessy begins by asking one of its architects, EU head of Innovation Policy, Reinhard Buescher what it means for innovation managers.