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🔴 Building a proper innovation portfolio - Part 3

The last entry in our innovation portfolio series deals with the most important of it all: your organizational culture.
🔴 Building a proper innovation portfolio - Part 3
Photo by Klim Musalimov / Unsplash

Part 2 quick recap

In part 2 of this series, I tried to lay out some key quantitative aspects of a proper corporate innovation portfolio.

🔴 Building a proper innovation portfolio - Part 2
In this second part of our series on how to build a proper corporate innovation portfolio, we are talking numbers, critical mass of projects, and optionality over serendipity!

The key takeaway is that it's about dealing with optionality – not serendipity – and spreading out enough explorations between technology and market innovations, with enough in the different low, medium, and high-risk zones. Eventually, totaling around 120 explorations seems to be the empirical soft spot for a portfolio that delivers.

Culture is a b...

Now that we have the core mechanism in mind, there's one last (massive) factor at play: your corporate culture.  It's genuinely amazing that very few business books start here. Without a proper understanding of how your organization works, your chances of building an effective innovation strategy are slim. At best, it's a shot in the dark. But given the scope of what we are discussing, which is not an isolated innovation program, but a cohesive approach connecting all innovation initiatives together, I don't think that walking in blind is an option.

So what are we discussing when we say culture?

If you've been reading about our work (or better, worked with us), you are aware of our innovation and our culture frameworks:

The innovation and the culture framework we've developed and used with both startups and corporate organizations. 

What you may not be aware of is that they work together!

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