Can Large Companies Really Innovate Like Startups?
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Large companies are not start-ups and never willbe. They are designed and operate differently. To innovate effectively, large companies can’t just replicate start-up principles. Rather, they must adapt them in ways that are smart and tailored to their organization. Visionary leaders understand the marketplace is rapidly […]
The Seven Blind Mice, or Why the Execution of Innovation Fails
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Organizations tend to spend most of their innovation efforts on generating, evaluating and selecting ideas. While this is important, the real challenge emerges when attempting to bring these ideas to market. For many companies, the execution of innovation continues to remain an “afterthought” rather than becoming a […]
Cracking the Code: How to Innovate and Execute Great Ideas
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC There is myth and mystique surrounding innovation, namely that its key lies in finding great ideas and selecting the best ones. However, this quickly dissolves when these ideas meet the challenges of execution. The troubling fact is that as companies are pursuing entrepreneurial and intrapreneurial and efforts […]
Agile Strategies and Start-up Thinking in Large Companies: How to Make It Actually Work
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Agile Innovation and Lean Startups concepts have been around for a while. But if you ever tried to apply these entrepreneurial concepts in a large company, then you know that it is quite challenging and can be frustrating. (I know this from my first-hand experience). The reason for this […]
Agile Development and Lean Startup Methodology: How Do They Fit Your Innovation Agenda?
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Having worked with a number of companies over the last two years implementing “lean startup” processes, I’ve noticed that there is still quite a bit of confusion surrounding certain Lean Startup concepts and Agile Development. More specifically, can they be integrated with the Stage-Gate process many […]
Spot-Frame-Learn: From Emerging Technologies to New Business Models
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Last week, I was co-presenting with Owens Corning’s innovation team at the IRI 2017 Annual Meeting in Boston. We shared a success story about building organization’s competency of integrating technology and business model innovation to drive business investment in new growth platforms and fast tracking ideas to […]