Big companies do many things better than their smaller peers, but corporate innovation sure doesn’t seem to be one of them. The Reality of R&Dpexels.comTarget isn’t unique or even unusual in its inability to spend its way into innovation. One option is to launch a corporate venture arm or accelerator. Generally speaking, an external partnership approach involves fewer risks than corporate venture or acquisition models, but be sure to vet partners carefully. Innovation may not be enterprises’ strong suit, but that doesn’t mean they’re doomed.

Source: Forbes April 13, 2019 09:00 UTC