Innovation Labs - best practice
Innovation labs remain a hot topic. IBS Software Services had illustrated the innovation eco system in aviation at this year's Hamburg Aviation Conference. To name a few real life examples from the airline world: Easy Jet puts disruptive thinking at the heart of its digital strategy and invested in Founders Factory, Lufthansa created the Lufthansa Innovation Hub as a separate subsidiary, and Jet Blue created a venture arm to foster innovation.
made by many have just completed their second research on innovation labs, with a broad collection of best practice knowledge.
They take an approach which any innovation lab manager or organisation which investigates to engage with an innovation lab can learn from to succeed. In principle they look at four main experiments related to innovation labs: the impact of proper design, the impact of actual competition, the impact of hard targets and the impact of tranquility.
The report reveals plenty of valuable insights and data, about where the blockers to innovation are, what innovation lab talent looks like (and how to manage it), how to integrate with the sponsor organisation, and why innovation labs are to business what sci-fi is to literature. Above all, and perhaps most valuably, made by many defined the key reasons why innovation labs fail… and what to do about it.
You can download their report here.