Thnk corporate innovation programs
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THNK VISION ON CORPORATE INNOVATION http://www.thnk.org/program-landing/corporate-programs/
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Thnk corporate innovation programs
- 1. 1 SUSTAINING GROWTH IS HARD, ESPECIALLY FOR COMPANIES AT SCALE Source: Creating new growth platforms, Harvard Business review. May 2006 Average annual growth rate, GNP deflated (%) 15 10 09 14 20 5 4 3 2 1 Years before entering Fortune 50 Years after entering Fortune 50 29 02 01 -01 -01 01 01 00 02 03 05 05 -02 -00 -04 5 987 10 1211 14 154321 136 Growth rates 9-20% in the 5 years before entering the Fortune 50… …93% of these companies never achieved revenue growth levels above 2% again
- 2. 2 MOST COMPANIES STRUGGLE WITH THEIR INNOVATION PERFORMANCE SOURCE: McKinsey Global Innovation Survey, McKinsey Innovation Practice Percentage of global executives who agree (%) 84% 80% Our business models are at risk Innovation is important to our growth strategy We are satisfied with our innovation performance 6%
- 3. 3 HOW TO COLLABORATE AS 3 WORLDS COLLIDE TO SPARK INNOVATION? Commercial entrepreneurs “adaptive fast growth”Social change agents “meaningful change” Corporate innovators “impact at scale”
- 4. 4 AS AN EXECUTIVE, HOW TO ACT? How do you generate breakthrough business concepts? How do you orchestrate your company’s ecosystem to nurture innovation? How do you instill an innovation drive within your organization? How do you cast and lead your teams to conceive and grow innovative solutions? How do you build disruptive businesses that positively impact the bottom line?
Editor's Notes
- The collision of social, commercial and corporate that is. Public sector is not very compelling as these people are less in inspirational are not part of innovation.- Menno FINLEY Public sector and policy making are vehicles for change. They aren’t necessarily innovative by design. They look to their constituents for ideas to take forward.