Innovation, performance excellence and risk management are top agenda items for corporate leaders. Their innovation strategy usually covers: product, service, platform, structure, process, business model, network, channel, customer engagement and brand.
For long-term success, corporate innovators need to cultivate habits of curiosity, deliberate observation, diverse information seeking and engagement with other creative people. All this is easier said than done. Tightening up of long-term R&D budgets, increasing digital disruption, organisational bureaucracy and the bias of prior success are making it harder for large enterprises to innovate on their own, and thus driving them to tap new sources of innovation: startups.