Do you have an innovation dilemma?
Based on the 2023 PricewaterhouseCoopers' 26th Annual Global CEO Survey, forty percent of global CEOs think their organization will no longer be economically viable in ten years’ time, if the disruption trend continues on its current course.
But...
95% of new products and services fail according to Clayton Christensen, a professor at Harvard Business School.
This does not even count the many innovations and new products that were not even introduced to the market.
In the corporate world, in 2022, global Corporate Venture Capitals (CVCs) invested almost $100 billion in about 5,000 investment rounds of VC-backed companies. Over 100 new CVCs were created that year alone. But even though CVCs kick off with great fanfare and optimism, many, if not most, fail to achieve their objectives. Often, they don’t survive the first change in CEO or make it to their 10th birthday.
Three main reasons innovation fails
Lack of long-term commitment of a firm's governing body and structure
Not taking a strategic and systematic approach to address all aspects needed for success
The mismatch between the innovation challenge and the required operation model, including resource allocation, innovation process, and management
Aevium, derived from the Latin root Aevum, a long period of time, and the suffix "-ium", stands for basic elements or foundation. Aevium Advisory is built on a single belief: any business can evolve and deliver lasting value through continuous innovation, all grounded in a solid foundation.
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