Innovation for impact

Making sure your corporate innovation strategy delivers outcomes.

Our evidence, validated through a recent survey of 300 innovation executives, highlights that the majority of business leaders believe they still don’t have the capability and/or capacity to deliver innovation that drives real and lasting business value.

While there is a willingness to innovate there remains significant roadblocks and risks.

8 out of 10 innovation leaders agree that there is a gap in linking innovation activity and outcome.

83% of  innovation leaders agree that executive sponsorship is critical to the success of an innovation project.

The marjority agreed 6 to 12 months is the ideal time-frame for innovation to have the best chance of success.

The marjority agreed 6 to 12 months is the ideal time-frame for innovation to have the best chance of success..

70% of those surveyed saw risk aversion as the main barrier to moving innovation through organisations quickly.

Innovation for Impact

Making sure your corporate innovation strategy delivers outcomes.

Our evidence, validated through a recent survey of 300 innovation executives, highlights that the majority of business leaders believe they still don’t have the capability and/or capacity to deliver innovation that drives real and lasting business value.

While there is a willingness to innovate there remains significant roadblocks and risks.

5 points

8 out of 10
innovation leaders agree that there is a gap in linking innovation activity and outcome.

83% of innovation leaders agree that executive sponsorship is critical to the success of an innovation project.

33% strongly agree that external partners are required for support at various stages of an innovation project.

6 to 12 months is the ideal time-frame for innovation to have the best chance of succes the majority agreed.

70% of those surveyed saw risk aversion as the main barrier to moving innovation through organisations quickly.


 

What we know

Innovation must contribute to delivering on strategy

Innovation must solve a problem and in turn drive “valued” outcomes aligned to KPIs

Innovation should be disciplined, pragmatic, honest and commercially focused

Innovation is about culture, mindset, capability and capacity vs any particular methodology

In the age of CX innovation should end in a customer benefit

Innovation needs a champion(s) and artefacts and evidence to take, and keep, the right people on the journey

As always it comes down to people – how they feel, what they think and relationships that work

 



Since 2013, Slingshot has worked with some of Australia's leading organisations like
HCF, News Corp, Qantas, Lion, Clubs NSW and Caltex. Through our adaptable model Slingshot focuses on innovation that delivers on an
organisation’s strategy and that leaves a cultural mark.

Learn more

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