Chief innovation officer: Difference between revisions
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A '''chief innovation officer''' ('''CINO''') is a person in a [[company]] who is primarily responsible for managing the process of [[innovation]] in an organization,<ref>{{cite web|url=http://www.forbes.com/2009/12/16/chief-innovation-officer-leadership-managing-accenture.html?feed=rss_home |title=You Need A Chief Innovation Officer |publisher=Forbes |date=2009-12-16 |accessdate=2014-08-01}}</ref> as well as being in some cases the person who "originates new ideas but also recognizes innovative ideas generated by other people."<ref>[http://www.timeinc.net/fortune/conferences/innovation06/heidrick.pdf ''Heidrick & Struggles'' (Time Inc. website)] "What Makes a Successful Chief Innovation Officer?</ref> |
A '''chief innovation officer''' ('''CINO''') is a person in a [[company]] who is primarily responsible for managing the process of [[innovation]] in an organization,<ref>{{cite web|url=http://www.forbes.com/2009/12/16/chief-innovation-officer-leadership-managing-accenture.html?feed=rss_home |title=You Need A Chief Innovation Officer |publisher=Forbes |date=2009-12-16 |accessdate=2014-08-01}}</ref> as well as being in some cases the person who "originates new ideas but also recognizes innovative ideas generated by other people."<ref>[http://www.timeinc.net/fortune/conferences/innovation06/heidrick.pdf ''Heidrick & Struggles'' (Time Inc. website)] "What Makes a Successful Chief Innovation Officer?</ref> |
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| ⚫ | The CINO is responsible for managing the innovation process inside the organization that identifies [[strategies]], [[business opportunities]] and new [[technologies]] and then develops new capabilities and [[architectures]] with partners, new [[business models]] and new industry structures to serve those opportunities. |
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The term "chief innovation officer" was first coined and described in the 1998 book ''[[Fourth Generation R&D]]''.<ref>Miller, W. and Morris, L. Fourth Generation R&D - Managing Knowledge, Technology, and Innovation, Wiley, 1998.</ref> |
The term "chief innovation officer" was first coined and described in the 1998 book ''[[Fourth Generation R&D]]''.<ref>Miller, W. and Morris, L. Fourth Generation R&D - Managing Knowledge, Technology, and Innovation, Wiley, 1998.</ref> |
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==Essential Responsabilities<ref>{{cite web|url=http://www.greatsampleresume.com/Job-Description/Chief-Innovation-Officer-Job-Description.html |title=Chief Innovation Officer Job Description |publisher=GreatSamplerResume.com |accessdate=2014 |date=2014}}</ref> == |
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| ⚫ | The CINO is responsible for managing the innovation process inside the organization that identifies [[strategies]], [[business opportunities]] and new [[technologies]] and then develops new capabilities and [[architectures]] with partners, new [[business models]] and new industry structures to serve those opportunities. |
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* Perceives promising ideas and look for manner to integrate them into the company’s future plans. |
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* Perceives ideas that are ineffective, costly, or beyond the scope of the company’s mission. |
|||
* Works with the creative team so as to propose new ideas and strategies to resolve problems or to innovate. |
|||
* Converts with the product development team general ideas into practical solutions. |
|||
* Encourages the creative thought of the employees and finds manners to raise the innovative thought through all the areas of the company. |
|||
* Appraise the progress of innovation and adapts the pace or direction of new projects in accordance. |
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==How to become a Chief Innovation Officer?ref>{{cite web|url=http://insuranceblog.celent.com/2013/08/15/what-does-it-take-to-become-a-chief-innovation-officer/ |title=What does it take to become a Chief Innovation Officer? |publisher=CELENT |date=2013-08-15}}</ref>== |
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To become a Chief Innovation Officer, you might be ready to take some risks by testing new product ideas that have a high rate of failure. Moreover, this position has became very popular in recent years and requires people who have both management and IT experiences. |
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===Education<ref>{{cite web|url=http://www.wisegeek.com/how-do-i-become-a-chief-innovation-officer.htm |title=How Do I Become a Chief Innovation Officer? |publisher=WiseGEEK |author=N. Kalu| date=2014-10-04}}</ref>=== |
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You need to obtain an bachelor’s degree in business, management or IT if you aspire to become a CINO. Also, a Masters of Business Administration (MBA) degree would probably help you for salary negotiation and career advancement. Indeed, there is no specific university major or MBA concentration that lead to you should pursue to chief innovation officer requirements however being evolved in creative problem solving during your time in college could be helpful. |
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=== The Certified Chief Innovation Officer™ (CCIO™) program by InnovationLabs=== |
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There are some organization such as InnovationLabs which propose programs to prepare people from all fields to be successful innovators, contributors and leaders. |
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The Certified Chief Innovation Officer™ (CCIO™) program was created and designed by senior innovation specialists expert Langdon Morris and provide the participants the knowledge and skills necessary to be an effective Chief Innovation Officer and innovation leader in their organizations. The program lasts 4 days and is divided in two parts, they will have some training sessions with innovation experts then they will take a final certification exam which deliver the diploma. |
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Participating in this program will significantly advance the career possibility and the credibility of the participant. |
|||
For more information: http://www.innovationlabs.com/innovation-services/innovation-training-and-certification/ |
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==What makes a good chief innovation officer?<ref>{{cite web|url=http://www.capgemini.com/blog/capping-it-off/2014/05/what-makes-a-good-chief-innovation-officer |title=What makes a good Chief Innovation Officer? |author=Jude Umeh|publisher=Capgemini.com |date=2014-05-10}}</ref> == |
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* '''The taste of innovation''': with the very fast development of the technologies, companies and individuals constantly need to innovate so as to stay competitive. Consequently, the CINO has to promote and stimulate the innovation, takes some initiatives and improves what is already done. |
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* '''A good understanding of the needs and the perspectives of the company''': the CINO needs to be very determined to innovate however he cannot forget the framework and the culture of the company he works in. He has to be able to adapt his ideas to the needs to the company. |
|||
* '''The capacity of connecting people and ideas''': it takes a combination of business, social and technology innovations to really make an impact. Indeed, The CINO always needs to find the right person for a specific task. |
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* '''Excellent communication skills''': innovate is one thing, however presenting this innovation is another one and not less important. Indeed, it is very important for a CINO to be clear, concise, but also open-minded and listen around him but above all a good CINO needs to be very convincing. |
|||
To conclude, to survive in today’s business environment, it is indisputable that companies are looking to innovate, therefore the role of a Chief Innovation Officer is suited to someone who understands the needs of his company, makes connections, and communicates with all stakeholders about innovation. |
|||
Organizations with a CINO are practicing part of the fourth generation of innovation theory and practice to emerge since 1900.<ref>Miller, W. Chapter 21 "The Generations of R&D and Innovation Management", Encyclopedia of Technology & Innovation Management, edited by V.K. Narayanan & Gina Colarelli O'Connor, Wiley 2010</ref> |
Organizations with a CINO are practicing part of the fourth generation of innovation theory and practice to emerge since 1900.<ref>Miller, W. Chapter 21 "The Generations of R&D and Innovation Management", Encyclopedia of Technology & Innovation Management, edited by V.K. Narayanan & Gina Colarelli O'Connor, Wiley 2010</ref> |
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==Salary== |
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The average salary for chief innovation officer jobs is $105,000 (≈ 65,000£). However chief innovation officer salaries can vary greatly due to company, location, industry, experience and benefits.<ref>{{cite web|url=http://www.indeed.com/salary?q1=Chief+Innovation+Officer&l1 |title=Chief Innovation Officer Salary |publisher=Indeed |date=2014}}</ref> |
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In comparison, the average salary for IT jobs is $43,000 (≈ 27,000£)<ref>{{cite web|url=http://www.simplyhired.com/salaries-k-it-jobs.html |title=Average IT salaries |publisher=Simply Hired |date=2014}}</ref> and the average salary for innovation jobs is $66,000 (≈ 41,000£)<ref>{{cite web|url=http://www.simplyhired.com/salaries-k-innovation-jobs.html |title=Average innovation salaries |publisher=Simply Hired |date=2014}}</ref> |
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The CINO focuses on radical or breakthrough innovation. The coined term CINO is used to differentiate the position from the [[Chief Information Officer]] although CIO is more commonly used for both positions. |
The CINO focuses on radical or breakthrough innovation. The coined term CINO is used to differentiate the position from the [[Chief Information Officer]] although CIO is more commonly used for both positions. |
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Successful Chief Innovation Officers focus on delivering on the key principles behind innovation - [[leadership]], creating networks, harnessing VOC/HOC in idea development, leveraging the right incentives, and building/running an effective, transparent, and efficient innovation process.<ref>{{cite web|url=http://www.innovationmanagement.se/2012/05/24/5-key-success-principles-the-cure-for-innovation-envy/ |title=5 Key Success Principles – the Cure for Innovation Envy | Innovation Management |publisher=Innovationmanagement.se |date=2012-06-21 |accessdate=2014-08-01}}</ref> |
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==References== |
==References== |
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Revision as of 10:34, 23 October 2014
A chief innovation officer (CINO) is a person in a company who is primarily responsible for managing the process of innovation in an organization,[1] as well as being in some cases the person who "originates new ideas but also recognizes innovative ideas generated by other people."[2]
The CINO is responsible for managing the innovation process inside the organization that identifies strategies, business opportunities and new technologies and then develops new capabilities and architectures with partners, new business models and new industry structures to serve those opportunities.
The term "chief innovation officer" was first coined and described in the 1998 book Fourth Generation R&D.[3]
Essential Responsabilities[4]
- Perceives promising ideas and look for manner to integrate them into the company’s future plans.
- Perceives ideas that are ineffective, costly, or beyond the scope of the company’s mission.
- Works with the creative team so as to propose new ideas and strategies to resolve problems or to innovate.
- Converts with the product development team general ideas into practical solutions.
- Encourages the creative thought of the employees and finds manners to raise the innovative thought through all the areas of the company.
- Appraise the progress of innovation and adapts the pace or direction of new projects in accordance.
How to become a Chief Innovation Officer?ref>"What does it take to become a Chief Innovation Officer?". CELENT. 2013-08-15.</ref>
To become a Chief Innovation Officer, you might be ready to take some risks by testing new product ideas that have a high rate of failure. Moreover, this position has became very popular in recent years and requires people who have both management and IT experiences.
Education[5]
You need to obtain an bachelor’s degree in business, management or IT if you aspire to become a CINO. Also, a Masters of Business Administration (MBA) degree would probably help you for salary negotiation and career advancement. Indeed, there is no specific university major or MBA concentration that lead to you should pursue to chief innovation officer requirements however being evolved in creative problem solving during your time in college could be helpful.
The Certified Chief Innovation Officer™ (CCIO™) program by InnovationLabs
There are some organization such as InnovationLabs which propose programs to prepare people from all fields to be successful innovators, contributors and leaders. The Certified Chief Innovation Officer™ (CCIO™) program was created and designed by senior innovation specialists expert Langdon Morris and provide the participants the knowledge and skills necessary to be an effective Chief Innovation Officer and innovation leader in their organizations. The program lasts 4 days and is divided in two parts, they will have some training sessions with innovation experts then they will take a final certification exam which deliver the diploma. Participating in this program will significantly advance the career possibility and the credibility of the participant. For more information: http://www.innovationlabs.com/innovation-services/innovation-training-and-certification/
What makes a good chief innovation officer?[6]
- The taste of innovation: with the very fast development of the technologies, companies and individuals constantly need to innovate so as to stay competitive. Consequently, the CINO has to promote and stimulate the innovation, takes some initiatives and improves what is already done.
- A good understanding of the needs and the perspectives of the company: the CINO needs to be very determined to innovate however he cannot forget the framework and the culture of the company he works in. He has to be able to adapt his ideas to the needs to the company.
- The capacity of connecting people and ideas: it takes a combination of business, social and technology innovations to really make an impact. Indeed, The CINO always needs to find the right person for a specific task.
- Excellent communication skills: innovate is one thing, however presenting this innovation is another one and not less important. Indeed, it is very important for a CINO to be clear, concise, but also open-minded and listen around him but above all a good CINO needs to be very convincing.
To conclude, to survive in today’s business environment, it is indisputable that companies are looking to innovate, therefore the role of a Chief Innovation Officer is suited to someone who understands the needs of his company, makes connections, and communicates with all stakeholders about innovation. Organizations with a CINO are practicing part of the fourth generation of innovation theory and practice to emerge since 1900.[7]
Salary
The average salary for chief innovation officer jobs is $105,000 (≈ 65,000£). However chief innovation officer salaries can vary greatly due to company, location, industry, experience and benefits.[8] In comparison, the average salary for IT jobs is $43,000 (≈ 27,000£)[9] and the average salary for innovation jobs is $66,000 (≈ 41,000£)[10]
The CINO focuses on radical or breakthrough innovation. The coined term CINO is used to differentiate the position from the Chief Information Officer although CIO is more commonly used for both positions.
References
- ^ "You Need A Chief Innovation Officer". Forbes. 2009-12-16. Retrieved 2014-08-01.
- ^ Heidrick & Struggles (Time Inc. website) "What Makes a Successful Chief Innovation Officer?
- ^ Miller, W. and Morris, L. Fourth Generation R&D - Managing Knowledge, Technology, and Innovation, Wiley, 1998.
- ^ "Chief Innovation Officer Job Description". GreatSamplerResume.com. 2014. Retrieved 2014.
{{cite web}}: Check date values in:|accessdate=(help) - ^ N. Kalu (2014-10-04). "How Do I Become a Chief Innovation Officer?". WiseGEEK.
- ^ Jude Umeh (2014-05-10). "What makes a good Chief Innovation Officer?". Capgemini.com.
- ^ Miller, W. Chapter 21 "The Generations of R&D and Innovation Management", Encyclopedia of Technology & Innovation Management, edited by V.K. Narayanan & Gina Colarelli O'Connor, Wiley 2010
- ^ "Chief Innovation Officer Salary". Indeed. 2014.
- ^ "Average IT salaries". Simply Hired. 2014.
- ^ "Average innovation salaries". Simply Hired. 2014.
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