Strategic Innovation: Embedding Innovation as a Core Competency in Your Organization

WHAT WE LEARNED

• Funds and people are critical to driving innovation embedment. This can be the most political section of the wheel because you are dealing with the organization's pocketbook for both money and people.
• It takes a new mind-set around people and funding to drive innovation embedment. The goal is fluidity of people and funds to the best ideas.
• There is a difference between resource allocation and resource creation. Innovation requires both.
• Resource creation covers both the funding of ideas and enrolling talent.
• Resource creation requires a great deal of experimentation to customize it to your organization's unique characteristics.
• Resource creation must sit alongside a rigorous resource allocation system with all the controls and ...