More and more companies are adding chief innovation officers to their leadership teams, but companies with innovation strategies to support their role are much scarcer, according to a new study by Capgemini Consulting.
The Paris-based consulting group and the IESE Business School collaborated on the report, which found that 43% of executives who responded to the survey said their companies have an innovation executive, compared with 33% last year. Yet 58% of those companies said they did not have an innovation strategy. In other words, for many companies the title of chief innovation officer is mostly for show. It’s like a new toy. Company boards feel that they ought to have one. They just aren’t sure what to do with it.
To read the full, original article click on this link: Chief Innovation Officers: The Growth of the Other CIO - The CIO Report - WSJ
