19 articles
We are living through a major revolution in AI technology. It’s not the invention that changes our lives, it’s the way the inventions are adapted to real use cases. AI is going to change our lives once it is harnessed to create new solutions and unlock new forms of value.
Financial ROI and social ROI are complementary, not competitive. Innovation for the community requires participation from the community. Artificial intelligence will soon be considered part of the community rather than just a tool we use.
Constraints have a funny way of focusing the mind. Artificial constraints can drive innovation in your organization. Today’s challenges are recruiting tomorrow’s innovators.
Innovation board members should show up at meetings prepared and ready to support their innovation teams.
Innovation board members must be careful not to let their past experience prevent them from supporting new ideas and products.
A video discussion on what governance and portfolio management will look like in the coming year, and what that means for the innovation game.
A Monte Carlo simulation runs multiple simulations to predict a range of outcomes for your business or mission-impact model.
If you want to continue innovation in 2023, you need to weather the recession with quantifiable contributions to the bottom line
How to make an accurate "guesstimation" when there is little data available.
As an early-stage venture, you don’t need a business plan, but you do need a hypothesis-driven business model from Day Zero.
Innovation boards work best when they make frequent, quick decisions and give their teams the freedom to interpret data for themselves.
To avoid errors in your business forecasting, you have to know how to average your best-case and worst-case scenarios.
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.
Taking your company through a digital transformation isn’t going to turn it into the next Google. What you want is exponential transformation.
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.
You’re not making a complete decision about your innovation investment process unless you account for money, people, and time.
Innovation accounting is a method for quantifying innovation investment decisions about individual projects, strategy, and capabilities.
Corporate innovation projects need to account for the hidden investor: middle managers who lose resources from their day-to-day operations.
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.
