ABOUT INNOVATION CONFESSIONS
What is Innovation Confessions?
By innovation, we mean new thinking that creates value. It is not limited to new products or technologies, and innovations don't need to be game-changing. In fact, combining many small changes can have a significant impact.
It is a fact of life that not all innovation projects go according to plan. Innovation has a prospect of uncertainty. Examples include a product that did not perform as expected in the market or a project that is stopped just before launch. Or perhaps you managed to avoid a near miss when running an open innovation program. See more examples below.
There is immense value in learning from these cases. It should be okay to have a near miss, change direction or get things wrong from time to time. Otherwise, we become too risk adverse. Successful organisations know that innovation requires experimentation. U-turns are allowed!
Why should you get involved and share your experience and advice?
Innovation Confessions has the potential to transform how we tackle local and global challenges by sharing practical advice from innovation programs. It enables, for the first time, the sharing of experiences across industries and corporate and nonprofit sectors.
What makes it so valuable is that the knowledge comes directly from the people involved.
It is a fact of life that not all innovation projects go according to plan. Innovation has a prospect of uncertainty. Examples include a product that did not perform as expected in the market or a project that is stopped just before launch. Or perhaps you managed to avoid a near miss when running an open innovation program. See more examples below.
There is immense value in learning from these cases. It should be okay to have a near miss, change direction or get things wrong from time to time. Otherwise, we become too risk adverse. Successful organisations know that innovation requires experimentation. U-turns are allowed!
Why should you get involved and share your experience and advice?
Innovation Confessions has the potential to transform how we tackle local and global challenges by sharing practical advice from innovation programs. It enables, for the first time, the sharing of experiences across industries and corporate and nonprofit sectors.
What makes it so valuable is that the knowledge comes directly from the people involved.
Examples
Examples of a near miss or a common pitfall:
Innovation projects are heavily dependent on internal factors such as management support, having the right budget and team, a proper process, governance, etc. The list goes on and on!
- Developing a product or service without having the right customer insight
- Product developments taking much longer than expected
- Launching a new business model without testing it properly
- An internal innovation program that did not engage employees
- An in-house innovation lab / accelerator program that could not achieve the agility it required due to the parent organisation
Innovation projects are heavily dependent on internal factors such as management support, having the right budget and team, a proper process, governance, etc. The list goes on and on!
Want To Get Involved?
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