Innovation Governance in 15 mins

Published on February 1, 2018 by in Uncategorized

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Modern innovation management systems mean that the board can govern the innovation program – monitor that the strategy is effective, and being implemented effectively – in less than 15 minutes of the board meeting



There are two components to effective innovation governance:

● The technology that drives innovation
● The Boards and C-levels who are responsible for strategy and governing the decisions regarding innovation and technology


In today’s increasingly complex, globalised business environment, effective enterprise-level innovation, and the governance thereof, is impossible if either one of these components is absent, or not integrated effectively.

The fact that technology never stands still – in fact the rate of change is now exponential – presents an ongoing challenge for directors: how does the board stay on top of technological change well enough to know that the innovation strategy is effective, and being implemented effectively?

The answer is easy. They don’t have to. The challenge was solved well over 20 years ago by the German automotive industry, which might explain why it’s been the most competitive and innovative in the world for over a century.

Daimler-Benz developed the end-to-end innovation process into a “human science”, supported by cloud-based systems and processes as simple as Facebook, which enable groups of people – up to hundreds of thousands, scattered in different countries, speaking different languages – to be quickly and cost-effectively engaged in strategic innovation.

These systems and processes support management in implementing the innovation strategy, provide program transparency to all stakeholders, track progress and results, and generate KPI reports to objectively answer whatever governance questions the board cares to ask. For example:

● Are we innovating effectively?
● Are we innovating at all?
● Are we innovating the right things?
● Are all the right stakeholders being involved?
● Are we investing enough in innovation?
● What return are we getting on our innovation investment?
● Are we at risk of disruption? What are we doing to mitigate this?

Once an organisation has settled upon an innovation strategy and has the right innovation systems and processes in place, all the board needs to do is stipulate what KPIs they want in the innovation governance report. This report will enable directors to govern the innovation program – monitor that the strategy is effective, and being implemented effectively – in less than 15 minutes of the board meeting.

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