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16 characteristics of world-class chief innovation officers

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Organizations often formalize or extend the reach of existing programs as they seek to accelerate growth, discover new opportunities, and foster a culture of innovation. As a result, the role of Chief Innovation Officer (CINO) is becoming increasingly important and must be carefully designed to achieve these goals.

I’ve argued in the past, why don’t you need a chief? [insert new tech name here] CINO is responsible for all new hot topics and is important to clearly distinguish the roles and responsibilities of Chief Information Officer (CIO), Chief Technology Officer (CTO) and Chief Digital Officer (CDO). It’s a position and is essential for many. Today’s organization. Like CDOs, CINO’s role requires team players who are highly collaborative and influential leaders who are familiar with working across business and IT.

Here are 16 world-class CINO features and traits to look for when assessing candidates and forming roles, both internally and externally.

One of the most important features of collaborative CINO is that they are very collaborative and team players. As innovation moves from promising ideas to business value, there are numerous decision points and hand-overs. CINO needs to understand and manage stakeholder expectations and minimize many strategic, process, and cultural pitfalls in the process.

Diversity assessments show that organizations with both team-specific and acquired diversity are 45% more likely to increase market share and 70 more likely to capture new markets. It has been shown to be% higher. CINO is an advocate of diversity and needs to bring its own or acquired diversity to the table. Perhaps counter-intuitive, with a few exceptions, CINO does not have to be someone with many years of experience in your industry. In digital transformation, where every company needs to be a tech company, the skills acquired in other industries and adjacencies can be even more appealing than the same.

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