Planbox today announced the release of its 2022 State of Corporate Innovation Report in partnership with The Conference Board. It is the 6th annual edition of the report, the aim of which is to shed light on how large organizations are managing their innovation program, investments, and activities. The report also included the collaboration of Global Innovation Institute, International Association of Innovation Professionals, and Kearney.
“Innovation is about creativity and discipline. But also about establishing a (growth) mindset and a (learning) culture. These elements need to come together in a “Future-Fit” approach behind the four principles from our recent manifesto. Design a collaborative culture of relationships and inclusion (over individuals and interactions as per “Agile”). Establish innovative systems behind continued learning (over working software). Discover opportunities together (over customer collaboration). And, create alternate futures through anticipation (over responding to change). The report illustrates that a company-wide approach living these principles maximizes the value generation from your innovation efforts,”
said John Metselaar, Economy, Strategy & Finance Center Leader, Europe, The Conference Board.
This year’s report uncovers global trends in corporate innovation based on responses from 134 innovation professionals and transformation experts across 26 countries and 21 industries. Specifically, the 2022 State of Corporate Innovation Report builds on the Future-Fit Manifesto and adds granularity to it by internalizing the dynamics of today’s world.
Our data found that, fundamentally, organizations need to invest in an innovation capability across all dimensions of the business while tapping into new forces and emerging technologies, and those with an enterprise-wide program and system for innovation:
- implement more ideas;
- don’t exclusively focus on financial metrics to measure innovation performance;
- benefit from a more involved stakeholder community;
- are more prepared to tap into the opportunities of the 2030 Agenda sustainability goals;
- are more prepared to leverage 4IR technologies to deliver on these opportunities;
- have higher satisfaction with Horizon 2 and Horizon 3 results;
- are more satisfied with leadership’s ability to effectively communicate the innovation vision.
“The Planbox 2022 State of Corporate Innovation survey and report – created with the support of Global Innovation Institute – revealed numerous significantly important insights for businesses today. Perhaps the most important and impactful of these is that there is a growing opportunity now – through an enterprise-wide approach to innovation, one involving key enablers like training, certification, and an Innovation Management System – to leverage fourth industrial revolution technologies to address market needs in an entirely different way from how we have in the past. There is, in fact, a total reframing of how challenges are addressed today – toward a far more holistic approach where we ask ourselves how these new technologies and their capabilities can be leveraged to benefit all stakeholders – primary, secondary, tertiary, and beyond. Indeed, there is a realization and awakening inside industry now that this new approach is the only way organizations – and all they serve – are going to be future-fit… duly-suited for the long run… and as a result bring about a brighter and better future for us all. I highly recommend reading the report today – and reaching out to us for even more insights,”
said Anthony Mills, Executive Director of Global Innovation Institute.
To download the report, click here.
Source: Planbox, November 8, 2022