While it’s non-negotiable that all innovation organizations should be aligned to business strategy, there are a few models for developing such organizations that provide flexibility for chief innovation officers. Which model is best for you?
In a functional model, individuals are deployed across innovation work streams. In the hierarchical model, everyone reports to a chief innovation officer. The matrix model involves both technology development and application.
When determining your innovation organization model, consider the strategy, align your deliverables against the business deliverables, and think about the competencies required to deliver those results.