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The Premature Extinction of the CINO

Chief Innovation Officer SummitDecember 5, 2013

Luis SolisPresident, North America

Imaginatik plc@innoalchemist

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Innovation Alchemists

“What every CEO needs to knowto hire the RIGHT Chief Innovation Officer”

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CINOs @ A Glance

United Technologies (1993)

Coined in 1998

~500 worldwide

Fast-growing role

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Charles Darwin

The Crowd: “survival of the fittest”

Charles: “it is not the strongest or the most intelligent who will survive

but those who can best manage change”

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Ecological Niche

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Premature Extinction

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Corporate Ecological Niche

Right brain

Disrupter

Maverick

Change Agent

Facilitator of the New

Process Champion

Culture Breeder

Technologist

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“Back in the Day”

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Extinction Pattern

Unable to Survive ChangingConditions

Unable to Survive StrongerCompetition

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Large Mining Multinational

The Niche Lower cost production w/ new technologies and business model revamp

Changing Conditions Plummeting end-prices; scaling cost inputs; new CEO and team

Competition Operations (go back to basics)

Outcomes Release 13 FTEs in Innovation (plus 14 part-time)

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Red Flags

Factor Consideration

Ecological Niche • Undervaluation of “New”

Changing Conditions

• Shortened Horizons• Fear of Failure • Another Reorganization

Stronger Competition

• CDO/Digital

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Species Longevity

CINO CAPACITY TO PROVE YOU ARE

ESSENTIAL TO GROWTH(THUS PROCREATE)

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Species Protection: InnoQ Model

Imperative

ImpactInstitutional Trust

Investment

• CEO• Maturity Roadmap• Language • Horizons/Pace

• Visible • Indicators• Evangelize• Keep Score

• LoC• People & Time• Portfolio• CFO

• Allies• Alignment • Risk Mindset• Shared Wins

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First book about CINOs for CEOs

January 2014

19 essays by CINOs

Frameworks

Via Amazon in e-book format

www.innovationalchemists.com

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Study: State of Global Innovation 2013

Interviews with hundreds of innovation leaders

81% say lackluster follow-through on good ideas is a major impediment to innovation success

http://bit.ly/2013GlobalInnovationReport

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Imaginatik plc

Thank you