Project Management Newsletter
 
NEWSLETTERS
 

CIO.com updates, insights and advice on technology, management and your career.

 CIO BlackBerry News and Tips
 CIO Research and Analysis
 CIO Microsoft
 CIO Insider
 
 
 
LEADERSHIP
 
CIO Executive Programs
The Leader in Face-to-Face Education for Senior Executives

Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »

 
CIO Executive Council
A Peer-Advisory Service and Professional Association for CIOs

Webcast: In the Google Apps Cloud: How to Achieve Your Business Objectives

Dec 3rd, '09, 1 - 2 pm US/Eastern (GMT-5)

Join Council member Brent Hoag, Director, Global IT, at JohnsonDiversey, as he discusses the adoption of Google Apps which has helped meet four corporate goals; sustainability, simplification, increased employee productivity and global collaboration.

Webcast: Collaboration Initiatives: Benchmarks & Best Practices

Dec 15th, '09, 4 - 5 pm US/Eastern (GMT-5)

Join Council members Ruth Thorpe, VP & CIO at the U.S. Pharmaceutical Operations of Sanofi-Aventis, and Gary Kuyper, CIO at Bethany Christian Services, as they speak about their collaboration initiatives and experiences in how and why they chose the social networking and collaboration tools they are using and their business goals for collaboration, and facing culture change challenges.

Data Overview: Collaboration Initiatives Field Guide: Benchmarks & Best Practices

This appendix to the Council Field Guide provides an analysis which discusses benchmarks for collaboration IT implementation costs, adoption rates and payoffs. The overview identifies top IT and business goals and satisfaction rates for collaboration initiatives as well as best practices and lessons learned for implementing collaboration IT.

More / Register »

Learn more about the CIO Executive Council »



 
 
RESOURCE CENTER
 
 
 

Executives' Frustration with Innovation Spending Grows, BCG Study Finds

Risk-averse culture and lack of speed remain barriers to growth.

 

August 02, 2007CIO

Innovation may be today's mandate, but that doesn't mean everyone's good at it. So finds Boston Consulting Group's (BCG's) fourth annual global survey and report on innovation, which points to the executives' frustration with the return on innovation investments. That said, respondents to the survey—2,500 executives from around the globe—recognize that performance and growth hinge on innovation.

Innovation Is More Important Than Ever
Companies deemed innovative by respondents (Apple and Google top the list) outperform their peers by nearly 400 basis points per year in terms of stock price.

Dissatisfaction with Innovation Spending Grows
Satisfaction with returns on innovation spending is down from 2006. Last year, 52 percent were satisfied. This year? Just 46 percent.

Biggest Innovation Obstacles: Risk-Averse Culture and Failure to Focus on Speed
"Risk-averse corporate culture" (38 percent) and "overly lengthy development times" (36 percent) were the most-reported factors in preventing better innovation returns.

Fifty-four percent of executives said their companies moved from idea generation to sales too slowly.

Appropriate Innovation Metrics Needed
The metrics that could be most appropriate to drive better performance, according to the study, are used the least: time to market (used by 18 percent) and return on innovation investment (used by 22 percent). What is used? Customer satisfaction (57 percent) and overall revenue growth (51 percent).

Most-Satisfied Companies: Tech, Telecommunications and Travel
Fifty-one percent of executives at technology, telecommunications and travel companies were satisfied with the results of their innovation spend. Least satisfied: execs from financial services (41 percent) and retailers (43 percent).

Global Innovation Grows
Innovation spending in China, India and other rapidly developing economies is increasing for 38 percent of executives, primarily to boost product development.

About three-quarters of Asian (76 percent) and European (74 percent) companies report they'll be increasing innovation spend, while only 64 percent of North American execs will increase theirs.

"The most innovative organizations excel not just at idea generation, but also in the capabilities necessary to transform those ideas into profits," says the lead study author, BCG Senior Partner James P. Andrew, in the release. "In our experience, the vast majority of companies have an abundance of ideas. But only a handful are capable of consistently generating profit from those ideas. Companies that can do that are the true innovators."

Other stories by Diann Daniel © 2009 CXO Media Inc.
 
 
Loading...
 
WHITE PAPERS

The Innovation Quotient

Even in tough times, smart investments in telecom and network services pay big dividends by boosting corporate productivity.
 

Infrastructures for Innovation

Read this exclusive research report from Qwest Communications and CIO on advanced communications infrastructures and their role in your organization's success.
 

eBook: Enterprise Management Flyover

A sample of the selected articles in this eBook provide insight on ensuring web service quality for SOA.
 

White Paper: Innovation and IT

Download this paper for further results and guidance in making wise IT investments that lead to innovation success.
 

What Every CIO Needs to Know About Search

Read this white paper before developing your enterprise search strategy.
 

Adobe for Business Process Automation

Companies must be able to react to customer demands, competitive threats, and compliance requirements.
 

WEBCASTS

The Innovation Quotient

Hear how even in tough times, smart investments in telecom and network services pay off.
 

Extending Client Refresh - 11 Steps to Maximize Savings

11 Steps to Maximize Savings
 

The Last Software You'll Ever Buy? The Platform Approach to Development

Torn between "buy" and "build"? There is a third option that can give you the custom fit of an in-house build and t...
 

Beyond Installing ITPM Software: How a global company reduced risk and successfully implemented ITPM

Hear directly from one of your peers who has reduced risk and successfully implemented ITPM in this Live Webcast. ...
 

Informatica 9: What it means for the CIO?

Hear from Informatica's CIO on how Informatica 9 will improve...
 

The Case for Data Protection for SMBs

Every business needs a data back-up and recovery strategy. Without it, a severe storm or power outage could result ...
 

Resource Alerts

Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.

 
FEATURED SPONSORS
 
 
 
SPONSORED LINKS
 

Upgrading to VMware vSphere with vWire

IDC White Paper: CCM for IT Compliance and Risk Management

Tolly Group Lab Test Results: Cisco vs. ShoreTel

Enterprise Capture: Your Onramp to Business Process Automation

Focus Under Pressure: Why IT Governance Becomes Mission-Critical in a Down Economy

The Total Economic Impact of Network Security Intrusion Prevention

Seven Technologies for Advanced Mail Protection

How Consumerization of IT Will Make Your Business More Productive

Adobe® LiveCycle®solutions for intuitive user experience

Mind the Talent Gap: Global Survey on IT and HR trends and challenges

Seven Ways ITIL Can Help You in an Economic Downturn

Return on Information: Google Enterprise Search pays you back. Get the facts.

VMware. The source for Business Infrastructure Virtualization.

ShoreTel tells businesses to untangle from competitors' complexity and turn to its brilliantly simple UC solution

See how AT&T can help protect your network.

Streamline IT Costs. Boost Performance with WAN Optimization.

Build your 1st app FREE with Force.com

TDWI checklist helps define data readiness for analytics. Download report.

A Clear View Toward Virtualization

Virtualization Technology as a Business Solution

The rules of infrastructure management just changed.

A Clear View Toward Virtualization

Interactive Q&A helps you discover key ways to maximize IT assets.

Ready to virtualize tier one applications? Check your virtualization maturity.

Think you can't afford a Cisco Switch? Cisco Catalyst Switches are now more affordable.

Authentication as a Service by Forrester Research

Disciplined Autonomy: Resolving the Tension Between Flexibility and Control

Build a Foundation for Unified Communications

Removing the Barriers to IT Governance: How On-Demand Software Changes the Game

Cloud Computing--What is its Potential Value for Your Company?

Seven Design Requirements for Web 2.0 Threat Protection

Learn about the growing threat of insider data theft.

Top to Bottom Performance Management Excellence at the City of Chicago

Architecting Business Intelligence Applications for Change: The Open Solution

Taking the Service Desk to the Next Level

Disciplined Autonomy: Resolving the Tension Between Flexibility and Control

AT&T Synaptic Storage as a Service. Expand on demand

Trend Micro ranked #1 against real-world malware. Read more.

Webinar: Jump-start your in-house e-discovery with Ringtail QuickCull from FTI Technology

Top Five CIO Challenges

Read the RSA report: Security for Business Innovation

64-page prescriptive guide to security, compliance, and IT operations.

Increase UPS efficiency without sacrificing protection.

eZine: A Roadmap to Reducing IT Complexity

Reduce risk, gain agility. See how Progress can help your business.

Virtualization Technology as a Business Solution

eZine: A Roadmap to Reducing IT Complexity

World-class trading technology solutions from NYSE Technologies.

If You're Paying for Telecom, You're Paying Too Much. Contact Asentinel Today.

Trade-In your old printer and save up to $1,000 plus free recycling!