into the fold. “These three things should be disintegrated and merged into a
single unit called ‘innovation,’” Mr. Srivastav says.
BNP Paribas Partners for Innovation, which works with European banks to
solve IT challenges, sets a “technological baseline roadmap” to ensure innovations push the organization in the right direction—and that progress doesn’t
stall. “The roadmap traces the developments to be implemented and milestones
to be reached in support of the company’s strategy for the next five years,”
says Pierre-Nicolas Douarche, PMP, project and portfolio management quality
assurance analyst, BNP Paribas Partners for Innovation, Paris, France. “This is
the entry door for most disruptive innovations. Projects that are part of this
baseline have priority over any other project.”
PUSHING THE ENVELOPE
For portfolio leaders, innovation begins with assessing the organization’s appetite
for risk—or how far it’s willing to venture into the unknown, says Ms. Riveros.
Where Innovation Happens
Which economies foster the most innovation? To determine the top 10 performers
for the Global Innovation Index, the World
Intellectual Property Organization, Cornell
University and the graduate business
school INSEAD scored 143 economies in
seven categories—institutions, human
capital and research, infrastructure, market
sophistication, business sophistication,
knowledge and technology outputs, and
creative outputs.
1. Switzerland
2. United Kingdom
3. Sweden
4. Finland
5. Netherlands
6. USA
7. Singapore
8. Denmark
9. Luxembourg
10. Hong Kong (China)
Source: The Global Innovation Index 2014
“Knowledge transfer
is an important part of
successful innovation.
This often takes the form
of mixed teams of internal
people and vendors
fully dedicated to the
program.”
—Pierre-Nicolas Douarche, PMP, BNP Paribas
Partners for Innovation, Paris, France
