There is not a single organization today that does not emphasize innovation in some shape or form. What is often missed is that true innovation I a discontinuity. It is a deviation from the norm. Yet we foster structure and organization. Wouldn’t it be great if there was a role in every corporation like the Chief VC (CVC) for new innovation? A champion… who promotes chaos, entrepreneurship, etc.
Established organizations need internal VCs, champions of change. Some one who understands the value to the customer and the way around the block of the organizations themselves…
Just like every little kid, projects need TLC. Someone to see them through the roller coasters of business cycles, the small successes and failures. More importantly this CVC needs to establish the right measures for success and ensure failure is accepted step towards success.