How to Make “Pivot or Persevere” Decisions in Your Innovation Accounting
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June 01, 2022
Innovation accounting shows you how to decide between four options for your project: pivot, persevere, kill, or scale.
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Tags: Business Strategy, Innovation, Lean Startup
Innovation Accounting in Practice
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March 30, 2022
As an early-stage venture, you don’t need a business plan, but you do need a hypothesis-driven business model from Day Zero.
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Tags: Business Strategy, Innovation, Lean Startup
Adaptive Strategy
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March 16, 2022
Even the best-laid plans need to adapt and evolve to developing circumstances, by building agility into how we conceive and implement adaptive strategy in the first place.
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Tags: Business Strategy, Innovation, Lean Startup
Advice to Innovation Boards: Make Frequent, Fast Decisions
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November 29, 2021
Innovation boards work best when they make frequent, quick decisions and give their teams the freedom to interpret data for themselves.
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Tags: Business Strategy, Innovation, Lean Startup
How Learning and Development Can Create a Culture of Innovation
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November 08, 2021
An innovation-minded learning and development program should be a continuous exercise for any organization that wants to foster an innovative culture.
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Tags: Business Strategy, Innovation, Lean Startup
The Most Common Error in Business Forecasting
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October 19, 2021
To avoid errors in your business forecasting, you have to know how to average your best-case and worst-case scenarios.
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Tags: Business Strategy, Innovation, Lean Startup
Advice to Innovation Boards: Don’t Make Decisions
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September 20, 2021
The decision to continue, pivot, or kill a project should be made by the innovation team running the project, not the board that funds it.
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Tags: Business Strategy, Innovation, Lean Startup
Do You Need an Innovation Strategy?
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July 19, 2021
If you already control everything, know everything, and can do everything, then you don’t need an innovation strategy. Otherwise, yes, you do.
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Tags: Business Strategy, Innovation, Lean Startup
The Danger of Corporate Growth Metrics
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June 28, 2021
Every company wants to grow, but focusing on the wrong corporate growth metric can kill your business.
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Tags: Business Strategy, Innovation, Lean Startup
Getting Perspective on Your Business Model Innovation
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June 14, 2021
To succeed at business model innovation, we need outside perspectives to bounce ideas off of and to challenge us.
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Tags: Business Strategy, Innovation, Lean Startup
What Is Innovation Accounting?
Kromatic
February 24, 2021
Innovation Accounting sounds like one of those semi-humorous oxymorons like “accurate rumors,” “the rules of anarchy,” or “airline schedules.” But innovation accounting is a method for quantifying innovation investment decisions about individual projects, strategy, and capabilities.
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Tags: Business Strategy, Innovation, Lean Startup