Open Innovation
Open innovation vehicles that stick: central governance, business-unit alignment and quick wins that buy patience for the long game.
How do you set up an open innovation vehicle that business units use rather than tolerate?
Members compared how they define open innovation vehicles, sync them with corporate strategy and keep leadership engaged: central hubs with business-unit champions, regional setups versus global HQ, and experiments with formats like crowdfunding.
Five key insights
- 01Align innovation with business needs
Projects connected to identified business-unit gaps get relevance and support by default.
- 02Establish central innovation governance
A central team with business-unit leaders on the board secures strategic alignment and resource access.
- 03Implement quick experimentation frameworks
Flexible processes outside traditional systems speed up innovation cycles.
- 04Utilise regional assets
Source innovations centrally, then leverage regional capabilities for practical implementation and scaling.
- 05Showcase short-term wins
Marketing quick wins internally builds the momentum and leadership support long-term projects need.
Where to start on Monday
Tie your next innovation project to a named business-unit gap before any other scoping.
Nominate a champion in each business unit to coordinate with the central hub and avoid duplicated effort.
Pick one quick win from the current portfolio and market it internally this quarter.
Be in the room for the next one.
400+ senior innovation and growth leaders, a roundtable every month, and a recap like this one after each.
Invite-only and complimentary for senior leaders in corporate innovation and growth.