Zaur AICo-founder of openincubator.ie | Student Entrepreneurship Programme Manager @TCD

How to develop innovation capabilities in large organizations

Name: How to develop innovation capabilities in large organizations
Uploaded: 2022-10-18T12:30:19+00:00
Duration: 48 s
Channel: Zaur AI
Description: The speaker argues that the debate over whether companies should innovate is largely settled—organizations now accept innovation as necessary. The…

18 Oct 2022 · 1 min

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The speaker argues that the debate over whether companies should innovate is largely settled—organizations now accept innovation as necessary. The current problem is an "aspiration-capability gap": leaders want innovation but lack internal capabilities to deliver it. The speaker positions the CEO as primarily responsible for building those capabilities through organizational design, hiring, role assignment, and tool deployment.

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When I first started doing this work, right, the argument was whether or not companies needed to innovate at all. Like, I was involved in a lot of those conversations. But right now, those conversations don't happen anymore. There's a general acceptance that companies need to use innovation to drive growth. Now, the challenge we're facing is this sort of aspiration capability gap. So we have the aspiration, but leaders are not satisfied with the capabilities they have inside their organizations to actually drive innovation. The question on deck now is, how do you build those capabilities? I think it's really the CEO's job to drive that capability building, because nobody else can make decisions around organizational design. Hiring people, putting people in the right places, deploying the right tools. All of that has to be happening at the highest level within the organization.