It takes a while to grow an idea into a commercially viable product. One of the quickest ways a chief innovation officer can drive early results from innovation is to characterize and shape the existing portfolio.
Characterizing the portfolio enables you to create the right strategy and affect results within the first 12-24 months. This sets you up to then engage in a comprehensive deep-dive of your capabilities so you clearly understand existing challenges. Diagnosing your challenges provides the knowledge of the inner-workings of your organization no one else possesses. This equips you with valuable clarity into the needs that must be addressed to drive innovation results.