When it comes to making innovation happen, people matter more than ideas. Getting the right people on board and then providing them with the training structure, and support they need is essential. In this white paper, Stefan Lindegaard, thought leader and business strategist, explores the people-related factors deemed most important for putting together and supporting a team to driving innovation forward.
Increasing demands for speed and efficiency are causing organizations to become ever more virtual and flexible and to utilize more variable resources. We are seeing a move from a mindset of ‘talent ownership’, where recruitment and the hiring transition is king, to one of ‘talent attraction’ – building and maintaining talent communities that keep talent connected to the organization even when they are not employed by it. In this new world of work, organizations must have strategies in place for attracting both internal and external talent to their innovation efforts.
How can the public sector and government get the most of Challenges and prize competitions? As we witness the resurgence of governments’ use of these innovative tools, this white paper explores both the pitfalls and opportunities associated with running Challenge programs in government.
Two of the most significant challenges facing nonprofits are securing funding and demonstrating the real impact of their work in an open and transparent way. This white paper explores how InnoCentive’s Challenge Driven Innovation methodology and tools can make a tremendous impact on nonprofit organizations’ ability to solve Challenges that matter most for the public good, assist in fundraising efforts, optimize scarce resources, and harness the same proven innovation methods that have been available to commercial organizations for years.
The non-profit sector is large and diverse, and enormously creative in finding ways to make the world a better place. Foundations and nonprofit organizations employ many approaches to achieve their missions. They utilize grants, they collaborate with partners, they advocate for change, they fund research, publish, and promote. However, there is another way. Find out how foundations and non-profits are using prize Challenges to attain their goals.
Many long-term fundamental technologies are not attracting the kinds of investment they deserve, even though the potential returns, if successful, would be very substantial. The Prize Venture Model has real potential to overcome the growing gap between venture funding and seed stage investment and power the next generation of innovators.
Anyone who works in innovation knows that failure is an inherent part of the process of coming up with something new. Instead of trying to eradicate failure, organizations should become more adaptive, which involves having a higher tolerance for failure but ensuring greater learnings are taken from it. In this white paper, Stefan Lindegaard, thought leader and business strategist, takes us through the concept of ‘smartfailing’ and how to embrace it.
Being able to accurately measure innovation across your organization is critical for optimizing your innovation programs and maximising ROI. Through this white paper, we get to the core of what innovation really means and help you establish the innovation metrics that are right for your organization.