Most enterprises view innovation as searching for golden eggs and 'failing fast'. It's the wrong frame of mind. It's all about creating a learning culture.

1. Increasing innovative success
for large enterprises
Copyright OrangeTrail

2. Nobody is as smart
as everybody

3. VS

4. Innovation best practice
Creativity
Knowledge
Many people
Execution
Focus
Small teams

5. Innovation practice
Selecting too soon and wasting money
Creativity
Diversity
Many people
Execution
Focus
Small teams

6. The selection monster……
We don’t know as much
as we like to admit
Often the most
interesting result is not
an individual idea or
solution

7. Ideal situation
Gathering insights Knowledge challenges
Idea challengesProblem challenges
Learning inspiration
Clustering
Fast track
some
Emergence
Develop
Execute
InnovationCulture

8. What you know you know
What you know you don’t know
What you don’t know you know
What you don’t know you don’t
know
Dragons Den
Innovation Days
Idea contests
IT Hackathons
Disruption
Whitespot

9. 5 aspects companies need to add to
her innovation approach
Maximise knowledge and expertise within organisation – Mining
Utilise thousands of eyes, ears, and brains to gather intelligence.
Set up virtual greenhouses to protect and fast track ideas.
Use Social technology as a tool to support this
Dragons’ Den becomes innovation portfolio management
instrument instead of firing squad – an Innovation Board

10. 10
Type of decision Go
(unless strategic objections)
Manage innovation
portfolio: What do
we develop?
Invest in learning,
and then re-
evaluate
Just Do It
Good scores on
criteria, but large
investment
Feels good, but
little information
Type of ideas
The innovation board decision making

11. Start your engine
Run a challenge every 2 months on your social platform
Every challenge is owned by a business line or country; Focus!!
Challenges are about
– Solving problems
– Ideas
– Gathering knowledge and insights.
Challenges deliver
– Opportunities
– White spots
– Investment proposal(s)
Every 2 months there is a Dragons’ Den:
– Discuss challenge deliverables
– Manage innovation portfolio of innovation(s) further down the funnel.