The Rise of the Internal Innovation Capability

Description:

User needs and expectations are changing. In an increasingly disruptive environment organizations need to think about long-term success as the ability to leverage current capabilities and as the ability to innovate and provide new offerings. To allow for the freedom and flexibility to innovate and create an entrepreneurial mindset, established organizations are developing internal incubators. While this sounds exciting few organizations are able to implement one successfully. It takes more than a team with an endless innovation budget. A successful innovation incubator requires an ability to be comfortable with the uncomfortable, to learn quickly, to make rapid decisions and to say no. It requires buy-in from the top and freedom to be autonomous, removing itself from corporate process.