|
Growth Growth companies engage Venture Isles to improve systems to inspire, advance and protect innovations key to growing growth. Opportunities for debt financing of growth require more rigorous risk management and control of R&D investments. Yet maintaining the creative spark and entrepreneurial drive of the culture that created the company becomes more challenging. Venture Isles balances these tensions by first understanding the competitive landscape the client organization must master for each major business unit. The organization's IP strategy and operating systems must reflect the direction and pace toward commodification of past innovations. Delaying commodification is a key strategic purpose for IP management. Sustaining differentiation of products and brands is our core mission.
Venture Isles works with growth companies to implement open innovation strategy. Opening the company to "not invented here" both continuous improvements and disruptive innovations is about changing the incentive systems for internal actors. Prestige, compensation and career advancement must actually reward those who champion innovations adopted but not conceived by the company. Venture Isles works with leading organizational development thought-leaders to change the culture and reward system. It is a significant challenge, but the payoffs are also significant. IP policies, training and IT systems are important but not sufficient to implement an open innovation strategy. Venture Isles gets you to implementation success faster and with fewer lost opportunities.
|