Author Archives: Jesse Nieminen

Innovation Maturity Matrix – A Model to Successful Innovation Transformation

With 80% of executives considering their businesses to be at risk for being disrupted in the near future, they are under tremendous pressure to transform their organizations towards becoming more innovative. However, any organizational change, let alone a major transformation, is always very difficult to implement successfully. In this post, we’ll look into some of the lessons we’ve learned from helping our ...

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What Do Top Corporate Innovators Get Right?

Speed of innovation

In our line of work, we get to talk with hundreds of leaders around the globe, and from virtually every industry. Most of them seem to intuitively understand the importance of innovation, but there’s still a lot of fluff, ambiguity and uncertainty regarding innovation as a topic. As a result, most leaders aren’t seeing the results they were expecting for from innovation. Given that ...

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Why Do So Many Innovation Programs Fail?

Whenever we talk to executives and ask how their past innovation efforts have succeeded, we usually get quite a muted response. Most have tried at least some innovation initiatives or programs, and many have had positive experiences from some of them, but overall the end result often seems to be a bit of a disappointment. These executives aren’t alone. According ...

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Innovation is the Means, Not an End in Itself

Innovation is like choosing the right tool

Innovation is all the rage, and for good reason. The most successful innovators outperform other companies by a wide margin. For example, according to the 2018 Global Innovation 1000 study, the sales growth of top innovators was 2.6 times and the operating income growth 2.5 times that of the average of the companies in the study. Even more startling is ...

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Top-down or bottom-up – How do you start building an innovative culture?

When we ask innovation leaders why they haven’t been able to reach their innovation goals, probably the single most common explanation is their company culture. As we all know, company culture is such an all-encompassing concept made up of so many different elements that changing it is extremely hard. Innovation leaders are often put in a very challenging position. They’re ...

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The Leadership Gap in Innovation

the leadership gap

A vast majority of executives, more than 80% according to sources, consider innovation to be paramount for the future success of their organization. Yet, very few of them are succeeding in it. A McKinsey study, for example, puts the number of executives who are satisfied with their innovation performance at 6%. There’s clearly a huge gap between expectations and actual ...

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