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Product Mastery Now for Product Managers, Leaders, and Innovators

470: Strategies for enhanced product innovation in organizations – with Andy Binns

Jan 1, 2024
Andy Binns, a management advisor and author, shares strategies for fostering innovation in organizations. They discuss how established companies can compete with startups by building new ventures. Topics include the role of a Corporate Explorer, successful innovation strategies of companies like Microsoft, and the importance of passion and small experiments in corporate innovation.
33:56

Episode guests

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Quick takeaways

  • Established organizations can innovate successfully and beat startups at innovation with the right strategies.
  • Balanced corporate innovation requires visionary leaders, effective communication, and leveraging assets and capabilities.

Deep dives

Established organizations can innovate

This podcast episode discusses how established organizations can innovate and create new products and ventures. It acknowledges that the culture of innovation may be lacking in established organizations and emphasizes the importance of addressing this challenge.

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