Chief innovation officer

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A chief innovation officer or 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 term "chief innovation officer" was first coined and described in the 1998 book Fourth Generation R&D.[3]

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.

Organizations with a CINO are practicing part of the fourth generation of innovation theory and practice to emerge since 1900.[4]

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.

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.[5]

References[edit]

  1. ^ "You Need A Chief Innovation Officer". Forbes. 2009-12-16. Retrieved 2014-08-01. 
  2. ^ Heidrick & Struggles (Time Inc. website) "What Makes a Successful Chief Innovation Officer?
  3. ^ Miller, W. and Morris, L. Fourth Generation R&D - Managing Knowledge, Technology, and Innovation, Wiley, 1998.
  4. ^ 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
  5. ^ "5 Key Success Principles – the Cure for Innovation Envy | Innovation Management". Innovationmanagement.se. 2012-06-21. Retrieved 2014-08-01.