 Middle-level managers and above teamed up to create 6 innovative projects that resulted a min. innovation value of $246,000 USD, resulting in a positive final ROI of 1,757% for the client. Case Leadapreneur enabled its client Europ Continents to lead agile innovation. Problem that was solved Enabling staff to solve critical internal workflow challenges and unlock significant sales growth by learning how to lead agile innovation. Innovation Solution Leadapreneur implemented its Corporate Innovation Accelerator (CIA) programme: a journey that combines 6 distinct phases over 12 weeks to enable participants to identify innovation opportunities, create relevant innovations, deliver those innovations and present their achievements. Execution 6 ½ days of workshops provided the core learning and thinking environments. The delivery phase of the project was supported with weekly coaching and the use of online tools to create Gantt charts. A gamification mechanism ensured consistent engagement and all teams reaching the final stage of the programme. Results To graduate from the programme and become a ‘level 1 leadapreneur’, a team must create more than $10,000 USD as validated by the company CEO. 5 out of 6 teams passed creating a minimum innovation value of $246,000 USD and 9 leadapreneurs. Final ROI for the client was 1,757% and future ROI will scale significantly as the projects continue to create significant value. Next steps The client is looking to launch a second cycle to build on the results so far, create new innovations and continue to build its leadership pipelines as it recognises the value of its staff become certified ‘leadapreneurs’. Conclusions Ordinary employees and ‘talents’ have little incentive to innovate as it is not reflected in their KPIs, they are not financially rewarded, it is politically risky and very difficult to do. This can be overcome by designing the innovation process to become a personal journey of transformation. If you are interested in exploring opportunities to run the Corporate Innovation Accelerator in your organization, please visit our page or contact Jessica Macias, Executive Director at Leadapreneur.
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