Staying a Step Ahead of the Innovation Game

Chalkboard with person climbing up stairs, light bulb moment is at the top.

What Motivates You?

Innovation might be a steppingstone to other organizational functions in the company or a person’s career. But for others, there might be a clear passion for innovation and the process, people and technology that make up the discipline.

Lisa Costello, Director and Head of Platform, Prologis Ventures, sees her passion for the innovation field, and the motivations of consumer behavior, as giving her an edge in the marketplace.

“I just love talking to people and trying to get down to what motivates them to exhibit certain behaviors. What makes them get up in the morning? What makes them do a good job at work? What makes them willing to buy a new product? What makes them interested in solving the world’s problems?” says Costello.

Identifying motivations behind people’s preferences and needs are, after all, a key part of how innovation can work successfully in a corporate setting. Anticipating these needs can drive new opportunities to innovate and new revenue growth.

Costello adds, “If you can figure out what motivates people and what gets them excited, then you can pitch new solutions that solve for their motivators. Being ahead of the pack is anticipating those problems before anyone else. If you can do that ahead of your competitors, ahead of the market, ahead of anyone else’s solution for your customer’s problems—then you are a step ahead. It’s not about constantly comparing yourself to the competition. It’s about solving for your customer’s problems better than anybody else, which will make your customers choose you every time.”

Thriving in Uncertainty

Curiosity has been a broad theme of our innovation best practices series. Some may view it as the bedrock of the capability, driving humans to new heights of creativity and inventiveness.

For Leslie Grandy, Lead Executive in Residence, University of Washington – Michael G. Foster School of Business, curiosity may guide us, but ultimately human behavior is so much more complex as far as what drives us to identify trends, adapt to changing circumstances, and thrive in uncertainty.

Grandy, who is author or Creative Velocity: Propelling Breakthrough Ideas in the Age of Generative AI, says, “My curiosity about how and why things work enables me to see connections that others might overlook. I am naturally drawn to emerging technologies and social trends, seeking to understand what defines their currency. Adaptability makes it easy for me to prefer mixing things up over sticking with routine ways of doing things. I have worked hard at viewing setbacks as opportunities to improve rather than as definitive roadblocks.”

Uncertainty is a topic not often talked about, yet it pervades the innovation community. That uncertainly may be corporate in nature, not to mention in the society and economy as a whole. The whole process of innovation has its zigs and zags, to be sure.

“I also have a bias to embrace and even welcome ambiguity,” says Grandy. “Innovation rarely follows a linear process, and creative breakthroughs often arise amidst uncertainty and failed experiments. I am someone who can flourish in open-ended environments rather than attempting to eliminate all uncertainty.”

Lastly, there is the nature of empathy. Opening oneself to other’s perspectives is part of being obsessed (in a good way) with the consumer.

“I am also inherently empathetic, which enables me to remain open to various perspectives and appreciate how others’ experiences can influence their values and needs,” she says.

Making Innovation a Priority

While curiosity and other creative traits might infuse the innovation mindset, Emil Georgiev, Vice President – Customer Experience Design, IKS Health, also emphasizes that innovation can play a key role in the company.

“It’s a significant role that can elevate an organization,” says Georgiev. “Somebody that’s ahead of the pack is able to institutionalize the innovation mechanism. There are a lot of things by which you can basically drive this. One of them is a relentless drive to understand your customer needs rather than just anticipate what they need. That’s a very fundamental source of innovation that can keep you ahead of the pack. Really understand your customer needs so that you can innovate in the most efficient way and in the areas that source the highest level of unmet needs.”

Beyond the consumer, for Georgiev, it’s worth noting that it is the structure of the corporation and the innovation discipline within it, that may hold the key to getting ahead of the pack.

He observes, “In addition to this, I would say having a structure that shares and prioritizes the front end of your product development—that involves innovation not as an afterthought, but as an active step. This may include the incorporation of design thinking. Of course, some of this depends on what industry or business you are in. But these are some of the components, on a structural level, that will keep an individual or an organization a step ahead.”

Pushing Brand Boundaries

Of course, when asked how to stay ahead of the pack, that might be on a personal level or from an organizational standpoint. Or perhaps even from a branding perspective.

For food and beverage innovation veteran Zeinab Ali, who recently retired after a career in senior research and development roles with brands like Campbell Soup Company, PepsiCo and Nabisco, it’s about fully immersing yourself in the culture.

Ali relates, “Whether technology or culture or people—I think it’s immersing yourself in your field. Let’s say if I make sodas. Immerse yourself in the soda world, everything that exists, not just the big guys but the small guys, even the adjacencies and products that are not quite soda. You’re always looking to adjacencies to adjacencies to adjacencies so at some point you grow your portfolio. Have that finger on the pulse of the consumer—what else are they doing with this soda? They’re consuming my soda with this other product, should I be making that other product as well?”

Whether it’s breakthrough innovation or more incremental innovation, Ali feels that an innovation practitioner should always be looking ahead and to push the boundaries.

“You’re constantly trying to extend your brand and understanding,” says Ali. “How much can you stretch the brand to the point that it’s not the product the consumer wants. When you get to that point, you have brand extensibility. How far can you push the brand before people say enough. You must understand how far your brand can stretch and then know that limitation. If you want to grow the business, what are the adjacencies that you should consider? You’re always looking for more of what else can the consumer consider me to deliver legitimately?”

Being forward-looking and having strategic and product foresight may also be a strength worth developing.

“Maybe the product extension is not here yet,” says Ali. “Maybe it’s five, six, seven, ten years down the road. Sometimes the organization is not there yet but as a product developer you must look ahead and anticipate.”

Video courtesy of Phil McKinney’s Innovation Studio

Defining The Rogue Mindset Approach to Innovation

A windsurfer catching a rogue wave.

The Rogue Mindset Report can be currently found exclusively on Informa’s FEI 2025 event app. It will debut on All Things Innovation on May 19, 2025, at the start of the FEI 2025 conference. To access the report, first register for FEI25 (see link further below) and then download Informa’s ConnectMe app from the Apple app store or Google Play store: https://www.connectmeinforma.com/download/

FEI 2025 will be held May 19-21, 2025, Omni Boston Hotel at the Seaport Boston. Click here for more registration information.

Defining the Rogue Mindset

The “Rogue Mindset” refers to a proactive and unconventional approach to problem-solving and innovation, characterized by a willingness to challenge the status quo, think outside traditional frameworks, and take bold, calculated risks to achieve breakthrough results.

The approach currently defines Rogue as:

R – Resilience and Adaptability

O – Openness to Unconventional Ideas

G – Grit and Determination

U – Unwavering Curiosity

E – Empowerment and Communication

Rogue Mindset Report Contributors

  • “When there’s uncertainty, inertia or economic challenges, people tend to hunker down and play it very safe and not take any risks. Having a rogue mindset ensures that you are looking for fresh opportunities to innovate and be successful.” —Imran Afzal, Founder, Worth The Squeeze Ltd.
  • “The first way to foster this is to get people comfortable with the ability to be unconventional. People need the ecosystem for being innovative, and the ability to also carve out that innovation.” —Arvind Balasundaram, Executive Director, Commercial Insights & Analytics, Regeneron Pharmaceuticals
  • “The rogue mindset isn’t that I should just follow steps one, two, and three. The rogue mindset is more of a total shift in the way that you perceive things.”  —Betsy Brunner, Director of External Affairs, The Nuclear Company
  • “The rogue mindset isn’t about defiance. It’s not about going off-script or rejecting strategy. It’s about seeing what others don’t yet see, and acting on it—with purpose.” —Tammy Butterworth, Product Innovation Director, Welch’s
  • “If you think of the innovation journey, and the rogue mindset as being the starting point, it helps everybody understand the openness that you need to start the journey.” —Kate Carruthers, Director, Info Sphere Education
  • “The rogue mindset means being provocative and challenging, not just following convention or assumptions, but challenging yourself and your insights teams to be curious and creative, but also to be courageous.” —Jordan Cusner, Senior Director, Consumer Insights and Research, Inspire Brands
  • “Supporting a rogue mindset is really powerful in this moment where there’s a lot of innovation going on with generative AI, which is also a new tool for brainstorming ideas and creative thinking.” —June Dershewitz, Co-Founder, InvestInData
  • “You must make sure that you allow for the rogue element to manifest, but also to make sure you gain the sponsorship of leadership.” —Emil Georgiev, Vice President – Customer Experience Design, IKS Health
  • “That human discernment of what’s culturally and socially appropriate is what the rogue mindset can bring to partnering with AI. You need to understand what’s valuable. The human rogue mindset can help with that.” —Leslie Grandy, Lead Executive in Residence, University of Washington – Michael G. Foster School of Business; author, Creative Velocity: Propelling Breakthrough Ideas in the Age of Generative AI
  • “How do you find and nurture the rogue mindset? Should you build structure into it? There’s a balance between the two and you probably need a bit of both.” —Mike Hatrick, Vice President IP Strategy & Portfolio, Volvo Group
  • “The rogue mindset sets the tone for what you must be as an innovator. Sometimes you have to go rogue and go against the grain, to push ideas through because we’ve all been told a million no’s within innovation.” —Miranda Helmer, Vice President, Product Development & Regulatory, Albertson’s
  • “Given the accelerating pace of technological disruption, societal change, and market uncertainty, explicit ‘Future Readiness’ ensures the rogue mindset actively incorporates forward-looking strategies and anticipatory skills.” —Steven Fisher, Managing Director, Innovation and Chief Futurist, The Revolution Factory; Co-Author, Super Shifts
  • “We cannot build this mindset in isolation. This means that we must bring our stakeholders into this process, from engineering, business, marketing, from all the different functions.” —Prapti Jha, Innovation Strategist, We Speak Innovation
  • “It’s a great framework for people who are in the innovation journey and just to remind themselves that the journey will have ups and downs. What can you do to keep motivated?” —Su-Feng Kuo, Sr. Director, Global Clients Insights & Analytics, Visa
  • “Look at the nervous system of the organization and ask, how do I flow the ideas through the bloodstream of an institution?” —Mohan Nair, Emerge Inc., CEO; Investor Fellow, Edmund Hillary Fellowship; Author, Strategic Business Transformation
  • “It shows that if you’re not going to have a rogue mindset, if you’re not going to innovate, if you’re not going to adapt, you’re just going to be a dinosaur company—and eventually you will not survive.” —Dr. Pradip K. Shukla, The Shah Family Endowed Chair in Innovativeness, Argyros College of Business and Economics, Chapman University

Actioning the Rogue Mindset

The keynote presentation, “Actioning the Rogue Mindset: Aligning Innovation with Business Strategy,” aims to kick off FEI 2025 by examining how innovators and changemakers have been inspired and empowered to embrace the Rogue Mindset.

Join Tammy Butterworth, Product Innovation Director at Welch’s; Brigette Wolf, CMO at MyMochi; Craig Dubitsky, founder and CEO at happy; Liza Sanchez, Vice President, Research & Development at Procter & Gamble; and Scott Ehrlich, Chief Innovation Officer, Head of Corporate Strategy at Sinclair Broadcast Group, as they look at practical insights and tools for cultivating the Rogue Mindset; the fostering of a global dialogue on the importance of unconventional thinking; the building of a community of innovators who embody the Rogue Mindset; and the alignment of innovation with business strategy by turning ‘outside’ ideas into ‘inside’ strategy.

FEI 2025 will be held May 19-21, 2025, Omni Boston Hotel at the Seaport Boston. Click here for more registration information.

Setting the Rogue Mindset Roundtables

Following the keynote session, the innovation community at FEI 2025 will hold a series of moderated Rogue Mindset Roundtables. Under the theme, “Bringing Outside of the Box Thinking, Inside the Box,” the entire community will explore the concept as it applies to the innovation mindset and culture.

In a Chatham House Rules environment, these roundtables put the Rogue Mindset Approach to work. After reviewing the approach on the app in advance of the event, you and your interdisciplinary colleagues share thoughts, use cases and case studies of the current state of the applied Rogue Mindset.

FEI 2025 will be held May 19-21, 2025, Omni Boston Hotel at the Seaport Boston. Click here for more registration information.

Bringing the Human Perspective to Innovation

A black and white photo of a young girl’s face, expressing innocence and humanity.

Thoughts on Innovation Leadership

For entry level innovation professionals, it’s important to stay focused on the customer and the problem at hand. But diversity and discernment also play a role in innovation, regardless of how many years of established experience you might have.

Leslie Grandy, Lead Executive in Residence, University of Washington – Michael G. Foster School of Business; and author, Creative Velocity: Propelling Breakthrough Ideas in the Age of Generative AI, shares some of her top strategies for those just starting out:

  • Fall in love with your customers and their problems, not the solution. “Stay open to solutions in unexpected places and remain curious about potentially better solutions than the one you first defined,” advises Grandy. “Remember that how a problem is defined is essential to finding an impactful and valuable solution. You need to understand the problems thoroughly to ensure you are solving a problem and not merely addressing a symptom of the problem. True innovation stems from a deep understanding of customer problems.”
  • Diversity in innovation has many advantages. Grandy adds, “Seeking diverse perspectives promotes a growth mindset, which encourages questioning the status quo. Fresh perspectives can stimulate innovative thinking by challenging how things work today and introducing novel pathways to solutions. Someone open to diverse inputs is better equipped to anticipate shifts in consumer trends and adapt to changes in the market. This agility results from leveraging the collective experiences of customers and colleagues and a willingness to evolve one’s perspectives in the face of new inputs. Thus, diversity promotes forward-thinking and adaptability, which is critical in being an inspiring, innovative leader.”
  • Embrace risk-taking and failure as integral to the process. “Instead of being discouraged by unsuccessful experiments, actively seek valuable lessons from them,” says Grandy. “Viewing failure as a learning opportunity enables you to approach future iterations with renewed energy and maintain creative momentum. Consider failure an anticipated aspect of the process and learn from it, iterating and evolving ideas as more significant insights emerge.”
  • Maintain equanimity and demonstrate discernment. “Stay balanced in your reactions to inputs and insights and avoid letting emotion cloud your judgment. Equanimity helps you stay composed, and discernment ensures that your decisions stem from thoughtfulness rather than impulsivity or reactivity,” notes Grandy. “Together, they form a framework for responding to the world from a place of curiosity and open-mindedness, which are essential to achieving creative velocity.”

Staying Curious

In addition to themes such as engagement and communication, for food and beverage innovation veteran Zeinab Ali, who recently retired after a career in senior research and development roles with brands like Campbell Soup Company, PepsiCo and Nabisco, it really is about individual relationships, cross collaboration and partnership building.

“I think listening to the people before you, listen and learn what worked, what did not work, and be curious,” says Ali. “Ask why. Why did it not work? What happened? Why did it work this time? Absorb it all.”

Ali likens the curiosity needed for this role to the way children express themselves: “Children are the most creative and innovative in their thoughts. Because they have no fear of failure. They don’t have self-doubt yet, and they ask questions,” observes Ali. “Just learn from the kids. Ask questions. Don’t have a fear of failure. Innovation will follow. We lose this sense as we get older. But if you can just put this in a capsule, how they think and how they ask questions, and then you recreate that as an adult. Be mindful that you’re recreating. It’s going to be painful to be in that state because you’re not a kid anymore, but try as much as possible. Keep asking why.”

Ali adds, “It also goes back to that stakeholder relationship and seeing the need of that front end of innovation together. Having that conversation and cultivating that relationship with your partner, whether it be your partner is R&D or another part of the business, discuss it together. You may be seeing stuff that’s not there and be OK with that and accept it. It must be real openness. Sometimes that might be from leadership. But be open to saying, this is what I heard, can we look at it together?”

Part of innovation, Ali agrees, is the risk of failure. But turn that into a learning process.

“We’ve done innovations that failed six months into the market,” relates Ali. “Learn from it. You collect information. Let the consumer enlighten you. Develop organizational thinking and learn from it.”

Be a Problem Solver

Like Ali, Lisa Costello, Director and Head of Platform, Prologis Ventures, agrees that communication is key, whether you are a business innovation novice or expert. And like Grandy, Costello also sees how becoming a problem solver can make your ideas more valuable to the company. Alignment to company goals is also a beneficial trait.

“Try to tie your ideas or the problem back to the core outcomes of the business,” says Costello. “For example, if you have a new idea for a product or process, but you don’t know if you’re going to be able to convince your management or leadership, tie it back to strategic priorities of the business. You’re going to have a much easier time pushing through your ideas.”

Costello provides a pertinent example: “We work in the warehouse industry, and we are trying to sell real estate to our customers. You are an individual who’s trying to pitch a new tech solution, let’s say AI cameras for security, because you think it’s the best thing on the market. If you go into your manager’s office and say, I want to pitch this new solution because I think it’s the best, they may ask, why do I need to look at this? I’m too busy. Instead, if you start by saying that you have an idea for how to retain customers, you’re communicating it from the core goals of the business, then you’re going in with a much stronger pitch.”

“It’s not about the AI security camera,” adds Costello, “it’s about how you create a safe space for the customer. If the space is more secure, that means that they’re more likely to continue to lease the property from you. What you’re really pitching to your manager is how you think you can solve for vacancy. You’re going back to the core problem, and yes, the AI security camera solution you discovered could make an impact.”

“It’s about how you communicate your idea. You need to start with a core problem that your company is trying to solve for and why your idea is going to help fix the problem,” says Costello.

Find Innovation’s Human Driver

Like Zeinab Ali, Emil Georgiev, Vice President – Customer Experience Design, IKS Health, goes back to a key time in childhood—when curiosity is such a driver of expressing oneself. It’s really, in essence, a mantra designed to keep the innovation practitioner staying curious. It’s actually easier said than done, adds Georgiev, who has held many innovation workshops throughout his career.

“I think curiosity—never squash this inner child that asks why, why, why,” says Georgiev. “That was one of the biggest pieces of advice that we have. I can attest that, for our design thinking workshops, very often we have to spend time resetting the mindset of the participants so that they can be more open to innovation. This very often involves letting go of things that you have learned and the approaches that you have always used, and be open, and maybe even in some cases, put aside the notion of disbelief for a moment. Curiosity on a personal level, this is probably one of the biggest pieces of advice that I would make to any starting practitioner in the innovation field.”

He adds, “The methodology of design thinking by itself is very useful, especially when it comes down to translational innovation because there are always opportunities for translation or innovation. There is a whole methodology called TRIZ that postulates that the problem you’re trying to solve, somebody out there in the world chances are may have solved it already, and you just have to find this answer. Same philosophy in some of the design thinking workshops. It is the same philosophy for translational innovation that happens with design thinking.”

Still, when you get down to the granular level, it’s still very much about the human consumer and their needs.

Georgiev continues, “The other thing that really drives innovation is innovation doesn’t happen for innovation’s sake. Innovation typically happens because a group of people somewhere has a need that nobody has addressed. Maybe even they don’t realize that they have that need. If you take it even a step further, it is also tied to human beings in some way, shape, or form. That’s when it becomes innovation. Otherwise, It may not have any practical application. There may be something developed that’s a novelty, but it’s not an innovation. You wouldn’t patent something that doesn’t do anything. It might advance science, but it’s not an innovation.”

“This must go down to the definition of what innovation is—it has to be useful for people,” says Georgiev. “Very often the inspiration for innovation development is to understand people, understand their needs, and most importantly the unmet needs of those people. That’s a huge innovation driver.”

Video courtesy of Pd-m International

Championing Innovation Management

First, second and third place trophies stand on a podium.

Best Practices for Innovation Management

Innovation management should not be confused with management innovation, a relevant theme that signals how management is changing with the advent of AI (see further below for a session being held at FEI 2025). That being said, establishing a foundation of sound innovation management practices is an important stage to start the process.

According to Hype Innovation’s “Innovation Management Strategies and Best Practices,” there are several keys steps to take to enhance the innovation management process. These include:

1. Align your company strategy and innovation goals. Your company won’t benefit from unaligned innovation management. No matter how fantastic the idea is, if it doesn’t align with the business strategy, there won’t be enough cultural readiness to realize it.

2. Launch targeted idea campaigns. If your strategic innovation areas describe what kind of idea categories your company is looking for, a targeted campaign is the vehicle to find answers.

3. Build a transparent process and reporting structure. Innovators may experience the process as vague or fuzzy, and others may think it’s all just a waste of time that can never result in actual benefits. You’ll need to show the complete process and report on key performance indicators (KPIs) to build trust, grow sustainable sponsorship, and engage your audience.

4. Continuously communicate your campaign. “Communicate, communicate, communicate.” Work related to innovation management programs is often added to employees’ already very full-time jobs, and although your innovation program might be all you can think about, it’s not top-of-mind for everyone.

5. Align your evaluation process with your campaign goals and approach. The evaluation stage can be a massive pain for evaluators when not well prepared. And, if you didn’t set the right criteria to evaluate against, you won’t end up with the proper selection of ideas to solve your campaign challenge.

6. Recognize everyone who adds value to your program. Recognition is a very important element in your innovation management program. You’re asking people to do something in addition to their regular jobs, to share their thoughts about another department’s challenges, and to use (innovation) methods that they are unlikely to be completely familiar with. Entice your employees to participate by showing upfront what’s in it for them. Carefully consider what behaviors you’d like to see and recognize and reward them.

To improve upon these best practices, Hype Innovation further recommends seeding your campaigns to enhance engagement and quality; enforce a time limit to stimulate creativity and get answers when you need them; create collaboration between highly diverse audiences; and educating your crowd on innovation processes and theories to create a climate where people share, discuss, and improve ideas.

Welcome to Management Innovation

At FEI 2025, Oscar Barranco Liebana, Enterprise Innovation Program Director at Qatar Research, Development and Innovation (QRDI) Council, Qatar, will hold a session, “Management Innovation Workshop.” We are now facing perhaps the biggest technological disruption in history that is impacting all across the globe, all industries, all functions, but particularly management. The organizational functionality that is facilitated by emergent technologies is impacting our potential to lead and to manage.

That means that we have to rethink completely the way we are managing our organizations. Not innovation management, but management innovation. That means that we need to orchestrate new management practices when we are thinking about the potential of GenAI or Adaptive AI. Right now in all industries, we have to think differently.

We have to be aware of another way of making innovation happen. And when we are talking about challenge-driven-innovation or rapid-collective-innovation, there are new aspects of management that will bring a new value to our organizations. And we need to adapt our effectiveness to the speed of the challenges that the world is bringing us. Join this workshop on:

  • Driving management adaptability in a changing landscape.
  • Realizing that adapting human intuition along with machine knowhow is part of the construct.
  • Benefiting from contextual or adaptive AI and what it requires on management change.
  • Continually evolving as outcomes are realized.

FEI 2025 will be held May 19-21, 2025, Omni Boston Hotel at the Seaport Boston. Click here for more registration information.

Becoming an Advocate for Innovation

Innovation management ultimately includes a set of tools that allow managers plus workers or users to cooperate with a common understanding of processes and goals. It allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products. The democratization of innovation has also helped flatten this process, where organizations strive to open the process of ideation and innovation to everyone in the company to inspire creativity and curiosity.

Once you have your innovation management best practices established, don’t be surprised if you have to pivot as the environment changes. Enter management innovation, which refers to a marked departure from traditional management principles, processes, and practices, or a departure from customary organizational forms that significantly alters the way the work of management is performed.

Overall, innovation management entails a great deal of communication, engaging stakeholders and cross collaboration. And if you won’t be an advocate and champion for the innovation management process, then who will be?

Video courtesy of Hype Boards

What’s Your Innovation Playbook? Establishing Best Practices for Success

Billiards table set up with the balls and pool cue.

Keep Asking Why

A rapidly changing landscape, from the pace of advancement with artificial intelligence to the scarcity of resources, is putting corporate innovation best practices in the spotlight. As priorities shift, some teams find themselves in a pressured environment with such as issues as budget cuts, fear of risk taking and an override to maintain the status quo.

Yet others find themselves thriving with the level of uncertainty in the market in regard to the political, corporate and economic atmosphere. Just what are some of the best practices in innovation that can keep the ship afloat?

For food and beverage innovation veteran Zeinab Ali, who recently retired after a career in senior research and development roles with brands like Campbell Soup Company, PepsiCo and Nabisco, it really is about individual relationships, cross collaboration and partnership building.

“A lot of people may focus on technical aspects and many other segments. For me, the key is very simple. It is the relationship between the business, especially marketing, and R&D. If that is not working, it’s a recipe for innovation failure. I always say that the marketer who knows as much about R&D is your best friend,” says Ali.

There is also an aspect of clear and transparent communication among the teams of an organization. It becomes correspondingly more challenging to work within the business’ walls when there is a lack of transparency.

Ali observes, “Be transparent to the business of your capabilities, your knowledge, your understanding about that particular innovation—and you could be wrong, and they can help you correct it. But if you’re very transparent and vulnerable with them, with marketing and vice versa, innovation will work. When the business leadership asks, R&D, why don’t you do this? The business now knows what the capabilities are for R&D. Maybe in three years, four years, we will have the capability. They have the knowledge about it because we educated them as much as they educated us.”

Advocacy across all parties then becomes part of the interdisciplinary collaboration and the open innovation environment. Stakeholder and team engagement is also crucial.

“The stakeholders become your advocate for what you can do and what you cannot do,” says Ali. “Maybe you need three more months to finish that innovation because you are transparent with them. The innovation will get into the market sometimes sooner because of that transparency and that sharing of information. If R&D does not share the innovation and the business does not share information, then everybody is working in the dark. There needs to be cross collaboration. That’s really the basic foundation. In my career, I’ve worked on innovations that failed, and I’ve been with innovations that have been successful. The difference was just that. It’s the right working relationship that works, that is transparent to each other from day one.”

Of course, as part of this stakeholder engagement comes the task of listening and to be curious as well. And… perhaps even to act like children?

Ali adds, “I think listening to the people before you, listening to what worked, what did not work, and be curious. Ask why. Why did it not work? What happened? Why did it work this time? Children are actually the most creative and innovative in their thoughts. Why? Because they have no fear of failure. They don’t have self-doubt yet, and they ask questions. Just learn from them: Ask questions. Don’t have that fear of failure. Don’t have self-doubt, and innovation will follow.”

“It goes back to that stakeholder relationship,” she says. “If we start together upfront and be together at the front end of innovation, we can see the need of that innovation together.”

Broaden the Innovation Imperative

Other innovation thought leaders in the community point to the need for organizations to have a flatter, broader innovation imperative. This is sometimes called the democratization of innovation, that principle that sees and allows innovation to come from all parties in the company. It is not relegated to one department, although R&D or innovation may serve as the tip of the spear.

Leslie Grandy, Lead Executive in Residence, University of Washington – Michael G. Foster School of Business, relates: “It is essential that businesses are honest about their appetite for innovation and imbue the entire organization with the belief that inventive and disruptive ideas can come from anywhere in the business. Often, when companies create innovation labs, they sequester a few imaginative employees into a division that loses sight of the execution demands of disruptive ideas. They fail to include employees not traditionally considered to be working in creative roles. This can reduce focus on business model innovation, cause executives to miss opportunities to improve operational workflows or make it challenging to commercialize novel ideas that emerge.”

Grandy is also the author of Creative Velocity: Propelling Breakthrough Ideas in the Age of Generative AI. For Grandy, the concepts of the silo mentality, or of an isolated innovation lab with no connection to the actual organization’s needs and operations, is long overdue to be replaced.

“This approach can also divide employee culture and fuel a creative distortion field,” she says. “A creative distortion field is a negative phenomenon that occurs when creativity is constrained or misdirected due to factors that limit creative thinking and hinder the commercialization of innovative ideas.”

It is the democratization of innovation in some form that can make every employee contribute to the innovation imperative that the organization needs and demands.

“The most critical ‘best practice’ is to consistently encourage and support employees in all roles and levels to nurture their capacity to think big. This does not mean scheduling a brainstorming session or offsite occasionally. Instead, it requires leadership to invest in training and development, include employees across the enterprise in the development of transformational ideas, and invent on behalf of customers,” advises Grandy.

People, Process & Technology

While AI as an emerging technology is making headlines for its efficiencies and other useful benefits, the innovation community seems to be striving to keep its foundational focus: Keep your eye on the customer’s needs and preferences and remain focused on problem solving. It’s an established approach that can sometimes get lost in the race to the next shiny object.

As Lisa Costello, Director and Head of Platform, Prologis Ventures, notes, “Innovation isn’t always about groundbreaking technology. My definition of innovation is implementing new ideas to make something better. Whether it’s implementing a new solution, a new process or new technology, all those things can be innovation. Ultimately, innovation is people, process, and technology or a combination of those three things.”

For Costello, technology potentially takes a back seat to a more nuanced, problem-solving approach—become obsessed with the problem, and likely, that leads to becoming obsessed with the customer.

“My best practice when it comes to innovation is to become obsessed with the problem itself rather than a solution,” suggests Costello. “If you start with a technology solution, like AI, for example, you kind of pigeonhole yourself into trying to work with a tool or a process the way that it is today. Instead, start with, ‘why is this problem impacting the people that it’s impacting?’ It opens up the opportunity for a lot of different ways to solve for that problem, then you can apply a solution or tool like AI to solve for it.”

She adds, “My advice is to get married to the problem, not the solution. If you get married to the solution, you might have internal bias. Or you might get stuck. You might realize that your solution isn’t what you thought it was or have issues with the budget for it or the availability of resources. But if you fall in love with the problem and how to solve for it, there’s just a lot more ways that you can go about fixing it for your customer.”

AI may be one new and advanced tool in the innovation toolbox, but as Costello suggests, there are more human-centric approaches that can be successful.

“People tend to think that they need to be an expert in technology to be innovative. I just don’t believe that to be true,” says Costello. “Start with problem solving, which is what innovation boils down to. And then, technology can be applied to it.”

Applying A Roadmap to Innovation

For Emil Georgiev, Vice President – Customer Experience Design, IKS Health, having a structured roadmap is a key component to the type of translational innovation that is occurring in healthcare today. This really entails having a structure in place that can be followed for a rigorous product development process.

Georgiev relates, “The key best practice for me is the utilization of structured innovation, by applying design thinking methodology to all of the key development projects. We used to call them NPIs, which is new product introduction or new product innovation. Having a roadmap is an important step. When you’re developing new products, it’s a significant effort. We’re able to structure and integrate design thinking methodologies with the way that you develop those products. It’s truly tackling the front end of this development in order to insert this type of innovation.”

In the healthcare industry, Georgiev notes, they are often working with design thinking and translational innovation, as he terms it, as opposed to fundamental innovation, which may be a product development never seen before (like a chemist creating a new compound, as Georgiev puts it). Translational innovation, on the other hand, he notes, is when you see practices in other industries that you are translating to your industry. And in your industry, it then becomes an innovation.

“In healthcare, we often leverage innovation practices that we translate from gaming, for example, for the UI innovations,” says Georgiev. “We translate best practices from banking for payment transactions. Consumer electronics is another source where we usually look for translation or innovation in terms of different modes of UI interactions. The hospitality industry is often an inspiration when we’re trying to design user experiences. You can see that ecosystem that we can create with the translation of innovation as well.”

From applying design thinking methodologies, to creating and following a structured roadmap, healthcare product development is a complex discipline where that structure is necessary on the front end. Ultimately, it is that ecosystem that helps put all the disparate pieces together.  

Video courtesy of Innovation Force

Creating Innovation Differentiation

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Gaining Competitive Advantages

Innovation powers businesses, brands and products, and the relationship with competitive advantage is key. Just what is the relationship between innovation and competitive advantage? In StartUs Insights’ blog, “What is the Relationship between Innovation and Competitive Advantage?,” this symbiotic relationship is defined as “a strategic transformation of ideas into tangible solutions to improve processes, products, or services.”

StartUs Insights further points out, “Innovation fuels differentiation, while competitive advantage motivates continual innovation to stay ahead. Especially when technologies are rapidly evolving, it makes much more sense for businesses to embrace innovation to gain a critical edge. This competitive edge is achieved when a business distinguishes itself in a way its rivals cannot easily replicate.”

According to StartUs Insights, there are five key reasons why companies leverage innovation to boost competitiveness:

  1. Builds a Unique Value Proposition: In a crowded marketplace, differentiation is crucial. Innovation allows businesses to create unique value propositions that make them stand out. From revolutionary designs to groundbreaking technologies, innovation helps deliver value that competitors cannot replicate.
  2. Improves Efficiency and Productivity: Innovative processes and technologies reduce production costs, accelerate delivery times, and enhance product quality. This combination enables businesses to offer better prices or superior quality.
  3. Increases Adaptability: Innovation provides companies with the agility to anticipate trends before they peak and pivot strategies in response to market dynamics that keep them relevant.
  4. Creates New Revenue Streams: Disruptive innovation fosters the development of new markets. By introducing breakthrough products or services, companies explore untapped opportunities, and secure long-term competitive advantages.
  5. The Talent Advantage: Innovation isn’t just about products, it’s about people. Innovative companies naturally attract top talent. This talent drives further innovation, creating a virtuous cycle that keeps businesses ahead of the curve.

Deploying Differentiation

During FEI 2025, Jonathan Stringfield, VP, Global Revenue & Business Planning at Microsoft, will hold the session, “Using Innovation as a Differentiator.” Stringfield, the author of “Get in the Game: How to Level Up Your Business with Gaming, Esports, and Emerging Technologies,” will dive into how harnessing emerging technology and understanding audience behavior can revolutionize your business. We’ll explore the paradox that old models often need innovation, but what’s new is often old. We’ll discuss how engagement and experience are overused terms, yet often misunderstood in practice. Ultimately, you’ll leave with a better idea of how to offer truly unique value to your audience.

FEI 2025 will be held May 19-21, 2025, Omni Boston Hotel at the Seaport Boston. Click here for more registration information.

Lead Rather Than Keep Up

From diverse drivers like technological advancements, trends in globalization and changes in consumer demand, there will always be a need for innovation in an intensifying, competitive market. This ultimately leads to product and brand differentiation and increases the chances of consumer brand loyalty and revenue growth.

What can organizations do to hone their product differentiation? Scouting technologies, leveraging data-backed consumer insights, enhancing innovation readiness, and building strong collaborations and partnerships all come into play and will influence the odds of success.

As StartUs Insights observes, “Innovation is the lifeblood of success in today’s fast-paced, competitive world. Companies that want to stay ahead must turn innovative concepts into real-world solutions that meet consumer needs, increase value, and propel efficiency. Innovation and competitive advantage go hand-in-hand; those who embrace them lead the market, while those who overlook them risk becoming irrelevant.”

Video courtesy of Stephen Shapiro

The Innovation Edge: Best Practices Defined

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Defining Corporate Innovation

Corporate innovation refers to the process of developing and implementing new ideas, products, services, or processes within an established organization. It goes beyond incremental improvements and focuses on creating significant value through novel and transformational approaches. Key aspects include:

  • Strategic Alignment: Innovation should be aligned with the company’s overall business strategy and goals.
  • Culture of Experimentation: Fostering a culture that encourages experimentation, risk-taking, and learning from failures.
  • Cross-Functional Collaboration: Breaking down silos and promoting collaboration across different departments and teams.
  • External Partnerships: Engaging with external stakeholders, such as startups, universities, and research institutions.
  • Customer-Centricity: Focusing on understanding and meeting customer needs and expectations.

Types of Corporate Innovation

Corporate innovation can be categorized into several types:

  • Incremental Innovation: Making small, gradual improvements to existing products, services, or processes.
  • Adjacent Innovation: Expanding into new markets or offering new products/services that are related to the company’s existing business.
  • Transformational Innovation: Creating entirely new products, services, or business models that disrupt existing markets or create new ones.
  • Open Innovation: Collaborating with external partners to access new ideas, technologies, and resources.
  • Internal Innovation: Fostering innovation within the organization through employee initiatives and programs.

Benefits of Corporate Innovation

Implementing effective corporate innovation strategies can yield numerous benefits:

  • Increased Revenue and Profitability: Developing new products and services can drive revenue growth and improve profitability.
  • Enhanced Competitive Advantage: Staying ahead of the competition by introducing innovative solutions.
  • Improved Customer Satisfaction: Meeting evolving customer needs and expectations through innovative offerings.
  • Increased Employee Engagement: Fostering a culture of innovation can boost employee morale and engagement.
  • Enhanced Brand Reputation: Establishing a reputation as an innovative and forward-thinking company.
  • Adaptability and Resilience: Building the capacity to adapt to changing market conditions and disruptions.

Challenges of Corporate Innovation

Despite its benefits, corporate innovation faces several challenges:

  • Resistance to Change: Overcoming resistance from employees and stakeholders who are comfortable with the status quo.
  • Lack of Resources: Securing adequate funding, talent, and technology to support innovation initiatives.
  • Risk Aversion: Balancing the need for innovation with the fear of failure.
  • Siloed Structures: Breaking down organizational silos and fostering cross-functional collaboration.
  • Measuring Innovation ROI: Quantifying the return on investment for innovation initiatives.
  • Cultural Barriers: Shifting organizational culture to embrace experimentation and risk-taking.

Applications and Use Cases

Corporate innovation can be applied across various industries and functions:

  • Product Development: Creating new and improved products to meet customer needs.
  • Service Innovation: Developing innovative service offerings and delivery models.
  • Process Improvement: Streamlining internal processes to increase efficiency and reduce costs.
  • Business Model Innovation: Developing new business models to create new revenue streams and disrupt existing markets.
  • Digital Transformation: Leveraging digital technologies to enhance customer experience and optimize operations.
  • Sustainability Innovation: Developing sustainable products, services, and processes to reduce environmental impact.

Best Practices for Corporate Innovation

To overcome challenges and maximize benefits, organizations should adopt the following best practices:

  • Establish a Clear Innovation Strategy: Define clear innovation goals and align them with the overall business strategy.
  • Foster a Culture of Innovation: Encourage experimentation, risk-taking, and learning from failures.
  • Create Dedicated Innovation Teams: Establish dedicated teams with the necessary skills and resources to drive innovation initiatives.
  • Implement Open Innovation Practices: Collaborate with external partners to access new ideas and technologies.
  • Leverage Technology: Utilize digital tools and platforms to facilitate innovation processes.
  • Measure and Track Innovation Metrics: Define key performance indicators (KPIs) to track the progress and impact of innovation initiatives.
  • Provide Leadership Support: Secure strong leadership support and commitment to innovation.
  • Allocate Dedicated Budgets: Ensure that innovation projects have adequate funding.
  • Create Innovation Labs/Hubs: Designate spaces where employees can collaborate and experiment.
  • Implement Ideation Platforms: Utilize digital tools to allow employees to submit and develop ideas.
  • Promote Internal Hackathons/Challenges: Spark creativity through time constrained, collaborative events.
  • Establish a Formal innovation Process: Create a repeatable process from idea to market.
  • Celebrate Innovation Successes: Recognize and reward employees who contribute to successful innovation initiatives.
  • Embrace Agile Methodologies: Utilize iterative development and testing.

By implementing these best practices, organizations can build a sustainable innovation ecosystem that drives growth, enhances competitiveness, and creates lasting value.

More Resources on Innovation Best Practices

Top Innovation Podcasts

  • “Innovation podcasts,” from Board of Innovation. BOI has hand-picked their favorite thought-provoking podcasts that focus on innovation to keep you stimulated in your downtime.
  • “HBR IdeaCast,” from Harvard Business Review. A weekly podcast featuring the leading thinkers in business and management.

Video Resources on Innovation Best Practices

  • “Innovation Best Practices Workshop – Resources,” from Plug and Play Tech Center. Watch this video as they discuss best practices and strategies for a successful innovation program. During the workshop focused on resources – what type of resources corporations need to commit to their various projects, how to direct those resources within the organization, and useful processes to achieve a healthy flow of resources towards innovation.

More On This Topic from All Things Innovation

Corporate Innovation: Internal & External Best Practice

Innovation partnerships between corporations and startups can be fraught with challenges, yet the promise of a successful and sustainable business alliance can be enticing. All Things Innovation’s Seth Adler spoke with Carley Hart, Director of Corporate Partnerships, Runway Startups, Cornell Tech, about her FEI session, “Corporate Innovation: Internal & External Best Practice.”

The Partnership Playbook: Opening Internal & External Innovation

Developing innovation can be a challenging task on many fronts for corporate enterprises. Innovation might not be embedded into the culture or leadership of an organization, making it difficult to move projects forward, for example. Innovation management systems and methodologies can help streamline the process. The role of balancing both internal and external innovation systems and partnerships can also help maximize successful innovation initiatives.

Leveraging Best Practices and Driving Sustainable Growth

In essence, successful corporate innovation hinges on a strategic, culturally embedded approach. It’s about moving beyond incremental improvements to embrace transformational change through a blend of internal agility and external collaboration. By fostering a culture that champions experimentation, leveraging emerging technologies, and aligning innovation with clear business objectives, companies can overcome inherent challenges and unlock significant benefits. Ultimately, a robust innovation strategy, supported by strong leadership and dedicated resources, is crucial for building resilience and driving sustainable growth in today’s dynamic market.

Editor’s Note on Sources: The content generated is based on a combination of Gemini’s knowledge and training, along with information it’s been trained on from a massive dataset of text and code. This includes academic papers, articles, books, and other reliable sources on innovation best practices.

Video courtesy of The Innovators Network