Selecting The Right Instrument For Innovation– A New Framework

Too many innovation projects fail not because the idea was bad, but because they were dealt with the wrong instrument.

In fact, most innovation teams do not know how to decide which instrument should be used and when.

Innovation instruments are not the same as innovation methods. Incubators, intrapreneurship programs, CVC, Venture Clienting, and accelerators are examples of instruments.

Design Thinking and Business Model Canvas are examples of methods. The difference is that methods can be applied and used inside the instruments- but not the other way around.