A professional recently wrote a blog on how he was unaware of the exact nature of responsibilities while taking over the position of Chief Innovation Officer (CIO), but regretted later. There were several things not known to him, which is why the resentment later on. The first reason cited is the fact that while the CEO had a clear corporate strategy, the commitment was missing. Tweaking corporate culture is easier said than done. While people speak about welcoming failures, this mantra is usually not followed. Business Innovation should also not be pigeonholed as a CIO’s job alone, but that of the whole team. It isn’t a one off event either, but one that needs to be part of the system throughout. One more stumbling block typically takes place when there are business reversals. At such times, profitability takes precedence over everything else.

Source:https://innovationexcellence.com/blog/2020/03/30/six-things-i-wish-i-had-known-before-i-accepted-the-position-of-chief-innovation-officer/

Uploaded Date:31 March 2020