Fidelity VP: Pick the right innovation tools for your trip

smyerspicFidelity Investments vice president Rick Smyers likens running a successful innovation program to planning a mountaineering expedition: you don’t want to leave base camp without a plan of attack, the right people, and the proper equipment.

Smyers runs the Center for Accelerated Innovation at Fidelity, the Boston-based financial services giant that manages nearly $2 trillion in assets. And he says his group serves as a kind of guide that can help business units get to the summit faster.

“We’re a central corporate function,” Smyers said in a talk at last week’s Front End of Innovation conference. “The business units have most of the power, but we don’t go into the business units and say, ‘Do it our way — we know best.’ Innovators don’t like being told how to do things. They like to invent their own way. But we can offer up examples of how other people are doing it, and what’s working with other groups.”

... continued ...

Gated Article Promo

Read the rest of the article ... and give IL a test drive!

Complete the form below for a 3-day trial of Innovation Leader, including access to case studies, research excerpts, live calls, and other resources. Got questions? Get in touch »
SEE INNOVATION LEADER IN ACTION!
Watch this quick video to see the main benefits of Innovation Leader membership.
 
Innovation Leader
What Is Innovation Leader?
Are you responsible for creating new growth in a large organization? We've got you covered. IL members get full access to our research, articles, case studies, live events, webcasts & conference calls, downloadable resources and more. Become a member »

Case Studies, Articles
Members-only online access to articles, case studies, best practices, video tutorials, more.
RESEARCH REPORTS
Exclusive reports on topics including metrics, benchmarking, labs, compensation, and more.
IL Events LIVE EVENTS
Member discounts to our one-of-a-kind, loved-by-participants live learning events.
Il Resources RESOURCE CENTER
Dozens of downloadable checklists, innovation frameworks, spreadsheets, and dashboards.
Learn More & Become a Member