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Category: Innovation, Intrapreneurship, Metrics
The basic problem with every innovation is forecasting revenues. Intrapreneurs may know to some level of certainty how much it will cost to reach a certain stage with their project, but it’s nearly impossible to predict how the success on the market will be. While there are a series of metrics to measure innovation, management …
View PostCategory: Behavioral Economics, Intrapreneurship
We all have read the stories about those startup founders who struck it rich with selling their company or bringing it public through an IPO. All the hard work and risk paid off with millions or even billions of dollars that they could pocket. Still, most of the startups fail but we love those success …
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Category: Innovation, Intrapreneurship
When you browse job postings that are looking for innovation managers, you’ll be surprised how companies are unprepared for them. It often starts with a confusing job description that uses innovation in an arbitrary way. The actual jobs are often nothing else than administrative or managerial jobs that look for keeping the status quo. Once …
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Category: Innovation, Intrapreneurship, Metrics
Innovation, as with every initiative or process that companies want to track, needs to be measurable. If you can’t measure it, break it into measurable pieces. But innovation can be a messy process. While we are good with tracking the value and depreciation of hard assets, measuring the value of patents, soft skills, and innovation …
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Category: Innovation, Intrapreneurship, R&D
Europe’s success with innovation has paled in comparison to what the Silicon Valley or even Asia is churning out. A recent Washington Post article states in the headline (and with many facts) that Europe’s innovation deficit isn’t disappearing any time soon. According to an annual report on Internet trends from Kleiner Perkins partner Mary Meeker, …
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Category: Culture, Intrapreneurship
Implementing a lasting intrapreneurship program requires more than just the opening of an R&D lab or labeling something as skunkwork project. Like you need a village to raise a child, companies need the whole organization to raise intrapreneurs. To accomplish this, a multi-tiered approach is required. The 5 Intrapreneurship Tiers Intrapreneurship sits on 4 tiers …
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Category: Intrapreneurship
Intrapreneurs are like an immune system for companies. They detect disruptions and innovations coming from outside that could endanger the organization and react to it. They make companies more resilient. An intrapreneur is a person within a corporation who takes or is given the freedom and resources to initiate projects, business ventures, and more. They …
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