As technology reshapes entire industries and consumer expectations evolve, companies must adapt to modern trends and find new ways to build and sustain innovative businesses. What are some common and effective innovation strategies that organizations should consider?
More than ever before, corporate innovation is a necessity. But it’s not a one size fits all approach, and what works for one company may not work for another.
For that reason, we’ve outlined different innovation strategies we’ve heard over the years from former This is Product Management guests, with a particular focus on sustainable innovation techniques that have helped their organizations grow.
Hear from David O’Malley, Senior Director of Product Strategy at General Electric, Bob Dorf, Author of The Startup Owner’s Manual, Mary Christ and Evgueni Malikov, co-leads of Nestle Health Science’s e-Health incubator, and Karen O’Leonard, Head of Innovation at Willis Towers Watson, as they detail how to become more fast-moving and more frequent sources of innovative ideas and processes.
These episodes cover innovation strategies ranging from running agile accelerator programs and increasing tolerance for risk to setting up a new business unit or dedicated innovation teams.
In this episode, you’ll learn a lot about corporate innovation, moving faster in large organizations, and digital transformation.
Here are the highlights:
- How GE transformed by taking a page out of the startup playbook (1:34)
- Why big companies should care about Lean (8:29)
- How Nestle Health Science built innovative products within the confines of a large organization (12:22)
- What steps Willis Towers Watson took to spread a culture of innovation (22:02)