In an increasingly volatile and uncertain business environment, organisations must continuously adapt, evolve, and innovate to remain competitive. Based on insights from an innovation workshop conducted by CIO Academy Asia and innovation practitioners, this report challenges the common belief that innovation is reserved for a select few. Instead, it demonstrates that innovation can be systematically developed through the right combination of culture, leadership, purpose, and process. The report introduces the Six ‘I’s Approach to Corporate Innovation, providing organisations with a practical framework to nurture innovation capabilities, unlock new opportunities, and turn ideas into measurable business value.
Read the Executive Summary for the latest insights on corporate innovation, including:
• 60% of organisations accelerated investments in digital technologies due to COVID-19, while 55% permanently adjusted their organisational strategies to adapt to changing business conditions.
• Human capital has emerged as a critical business challenge, with 30% of employees changing employers in 2021 or planning to do so, and a further 15% considering a move in 2022.
• Innovation is not an innate talent research cited in the report suggests that roughly two-thirds of the skills required for innovation can be learned and developed.
• The Six ‘I’s Innovation Framework Identify, Ignite, Investigate, Invest, Implement, and Improve provides a structured approach to building innovation capabilities and fostering an innovation-driven culture.