Survey results: How does your organization stack up?
Over the summer, Innovation Leader fielded our inaugural survey about how the innovation function is structured within mid-sized and large companies. What we found: a growing number of companies are using the title “Chief Innovation Officer” for their top innovation executive. The bulk of those executives (45 percent) are reporting to the CEO. Sixty percent tell us their innovation strategy is a blend of internally-focused and outward-looking initiatives. And 27 percent of our respondents say they are still working on ways to measure the success of their innovation programs, while 58 percent say metrics are already established.
The informal survey asked 50 innovation executives about a number of key issues, from board reporting to the title they held. Slightly more than half of the survey respondents (54.2 percent) held the title or function of Chief Innovation Officer or CINO; most others were at the director, SVP, or VP level, or had business-unit responsibility for innovation.
Here’s more detail on the findings. (You can download or share the presentation slides here.) As usual, we seek your input on the data and its implications in the comments.... continued ...