Advice to Innovation Boards: Make Frequent, Fast Decisions
Innovation boards work best when they make frequent, quick decisions and give their teams the freedom to interpret data for themselves.
The Most Common Error in Business Forecasting
To avoid errors in your business forecasting, you have to know how to average your best-case and worst-case scenarios.
Advice to Innovation Boards: Don’t Make Decisions
The decision to continue, pivot, or kill a project should be made by the innovation team running the project, not the board that funds it.
Digital Transformation vs. Exponential Transformation
Taking your company through a digital transformation isn’t going to turn it into the next Google. What you want is exponential transformation.
Advice to an Innovation Board: Agree to Disagree
Disagreeing on a project is a sign of a healthy Innovation Board. So is agreeing to move forward with a plan that not everyone supports.
Calculating the Value of Your Innovation Team
You’re not making a complete decision about your innovation investment process unless you account for money, people, and time.
What Is Innovation Accounting?
Why innovation accounting is a useful tool for monitoring your ecosystem.
The Hidden Investor in Corporate Growth Boards
Corporate innovation projects need to account for the hidden investor: middle managers who lose resources from their day-to-day operations.
How to Calculate Opportunity Cost of Innovation
When calculating the costs of your innovation program, don’t forget to include opportunity costs — the money you’re not making by doing something else.