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Two Questions to Ask Before You Set Up an Innovation Unit

Harvard Business Review

Drawing on our findings, we have developed a framework that breaks the Corporate Innovation Unit’s (CIU) role into seven distinct tasks. The central Support Unit is typically a low budget, low staff corporate function in charge of developing guidelines and procedures to govern the innovation funnel (i.e.

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How to Fund Indian Start-Ups

Harvard Business Review

Even more difficult is to build a business that requires capital out of the gate. But if you need funding in the seed stages, before validation, there is very little capital in the system. So the Indian seed stage ecosystem is really small. More recently, there is an over active incubator network that has taken hold.

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How to Hand Off an Innovation Project from One Team to Another

Harvard Business Review

Truth is, you can have the right portfolio of investments, the right metrics and governance, the right stage-gate development process, and the right talent on the right teams — but if you don’t design the right handoffs between your teams, all of that planning falls apart.

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A Disciplined Approach to Evaluating Ideas

Harvard Business Review

The general way around this problem seems simple enough — have a process by which you evaluate ideas in different ways at different stages of development (most call this a "stage-gate process."). Endless pre-meetings crowd out action-based learning. Then, the bar goes up.

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What Big Companies Get Wrong About Innovation Metrics

Harvard Business Review

Two-thirds of our respondents, for instance, said that they were tracking the number of projects in their development pipeline. Stage-gate specific metrics, i.e. projects moving from one. stage to the next. The other type of metric, an “impact” metric, shows that the ship is actually going somewhere.

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Design Thinking Is Fundamentally Conservative and Preserves the Status Quo

Harvard Business Review

Billed as a set of tools for innovation, design thinking has been enthusiastically and, to some extent, uncritically adopted by firms and universities alike as an approach for the development of innovative solutions to complex problems. Then, both approaches move toward developing a theory about how to solve the problem or design challenge.

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The 5 Requirements of a Truly Innovative Company

Harvard Business Review

By now, your company probably has a new busi­ness incubator, an idea wiki, a disciplined process for mining customer insights, an awards program for successful innovators, and maybe even an outpost in Silicon Valley—all fine ideas—and yet, most likely, it still struggles to meet its growth goals and seldom thrills its customers.