Inside Outside Innovation

In this week's episode of Inside Outside Innovation, Brian Ardinger talks with Christopher Bailey and Kim Bullock with ExxonMobil. They discuss successes and challenges of innovating in a large corporation. Christopher and Kim will also be speaking at the Back End of Innovation Conference in Phoenix, AZ on Oct 17-19, 2018. Key strategies and lessons they learned include: - Create space for idea creation and tools to process.  - Protect people and their time from their existing roles.  - Train the managers of intrapreneurs on how to treat them differently. - Teach the right senior leadership how to understand innovation.  - Develop a VC board/Accountability model to guide investments in new ideas. Innovation teams return for more funding and identify what they need to learn.  - Try smallest versions of everything and then iterate, but be prepared to kill or park ideas that don’t move. Need clear decision points. Killing ideas was a considerable hurdle to get past.  - Use data to validate every step.