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Getting The Innovation Mix Correct

Phil McKinney
Phil McKinney
— 1 min read
Getting The Innovation Mix Correct

Innovation Mix

The innovation mix is about managing the 3 different sources of innovation in a way to; a) improve the innovation success rate while b) reducing the innovation risk. The 3 sources of innovation for the mix are:

  • Organic Innovation Organic innovation is the innovation that results from the resources (people, time, and money) from within an organization.
  • Innovation from M&A Innovation from M&A comes into the organization via some form of acquisition. These can be entire companies/teams or the acquisition of IP (e.g. patent purchases)
  • Co-Innovation Co-innovation is the approach where you define a joint effort (money, people, design, IP, etc) with another organization where both would benefit yet neither can do it alone. This is NOT the same as “joint R&D”.
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Phil McKinney

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Phil McKinney is an innovator, podcaster, author, and speaker. He is the retired CTO of HP. Phil's book, Beyond The Obvious, shares his expertise and lessons learned on innovation and creativity.

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