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Creativity and Innovation

How Artificial Intelligence Spurs Corporate Innovation

In the 1990s John Koza, a professor at Stanford University carried out a series of experiments involving new ways to create electrical circuits.   He designed a programme which created thousands of random circuit designs.  These were measured against desired outcomes.  Most were […]

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Creativity and Innovation

Why Most Corporate Innovation Programs Fail (And How To Make Them Succeed)

Today, everybody needs to innovate. So it shouldn’t be surprising that corporate innovation programs have become wildly popular. There is an inherent tradeoff between innovation and the type of optimization that operational executives excel at. Creating a separate unit to address innovation […]

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Creativity and Innovation

Turning your corporate assets in new ventures

I recently attended at Innov8rs conference an enticing presentation on business model innovation: “Turning your corporate assets in new ventures and opportunities”. It was delivered by enthusiastic Chloé Bonnet and Pauline Pham, respectively Founding partner and CEO, and Partner & VP, at Five […]

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Creativity and Innovation

Planning for the Most Important Customer of a Corporate Innovation Program

Top corporations spend almost $825Bn on innovation, yet 19 out of 20 innovation efforts fail. Given its (often existential) importance and focus, why is innovation success so scarce? (Source: 2018 BCG Global Innovation Survey, 2019 PitchBook study) One reason is that innovation […]

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Creativity and Innovation

De-Risking Corporate Innovation by Using Suppliers

In this column we have analyzed why it is nearly impossible for Corporate Innovation teams to successfully commercialize new products, services, and business models both within and outside of their core business at length. The risks alone make Legal and Brand departments […]

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