Dr. Ralph-Christian Ohr is the founder and managing partner of Dual Innovation, which helps future-proof companies through innovation. He is a top voice on LinkedIn and Twitter and uses his platform to educate his readers about how to avoid “innovation theater” by making their innovation activities impactful. He also co-authored the book Scaling-Up Corporate Startups: Turn Innovation Concepts into Business Impact.
Dr. Eva Budischin is Head of New Business Building and Innovation at Bosch Engineering—she has been with the company since 2014. Eva developed the Bosch Innovation Framework and co-founded the Bosch Accelerator Program alongside the Bosch Business Model Academy. She has tested over 150 startup ideas and used her insight to become the intrapreneur of her own Bosch startup. Together, they co-authored an eight-part white paper titled Dual Innovation: Key Principles and Future-Proofing Corporate Innovation.
Today, Eva and Ralph tell the story of how they both recognized the importance of dual innovation and how it led to their partnership. They discuss working together to help companies approach innovation by adopting different mindsets around traditional KPIs and bridging the gap between validating a new idea and a fully-fledged business. They debunk common wisdom from other experts about the role of “one size fits all” solutions in the innovation process. Eva shares the insights she’s gained from working at Bosch, including her experience at the Bosch Accelerator Program and the direction she sees Bosch heading in the future. They also offer some actionable advice you can use to create a culture of innovation.
“We need to add another step to fill the gap between the validated venture, and fully-fledged business. That's what scaling up is all about.” - Dr. Ralph-Christian Ohr
This week on Innovation Talks:
- Defining dual innovation
- The importance of organizational ambidexterity
- The history of dual innovation
- The rise in popularity of business model innovation
- How Ralph and Eva’s partnership developed
- What exploration units can do
- What traditional KPIs can’t tell you about innovation success
- Why “one size fits all” solutions aren’t as valuable as customizable frameworks
- The step between the validation process and a fully-fledged business
- How the Bosch Accelerator Program tests new startups
- Finding the right ingredients for innovation in your organization
- Why most companies struggle to innovate
- Eva’s predictions for the future of Bosch
Resources Mentioned:
White Paper: Dual Innovation: Key Principles and Future-Proofing Corporate Innovation by Ralph-Christian Ohr and Eva Budischin
Connect with Dr. Ralph-Christian Ohr and Dr. Eva Budischin:
- Dr. Eva Budischin on LinkedIn
- Dr. Ralph-Christian Ohr on LinkedIn
- Dr. Ralph-Christian Ohr’s LinkedIn Articles
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