Thinking | Articles

Innovation Labs in Practice

Innovation Labs, in Theory
Everywhere you look these days, there’s an announcement about another Fortune 500 company launching some form of innovation lab, hub, or incubator. In the U.S. alone, the number of internal innovation incubators has grown from twelve in 1980 to an estimated 7,000 today.

Here, our team dives into what makes a strong innovation lab from the front lines. We cover actionable tips and strategies, challenges innovation labs are likely facing, and how those challenges may be overcome.

Learn more about innovation labs here.

“The best run labs will go revisit all of their original assumptions at a healthy cadence, and say ‘what have we learned not just in the areas where we’re working, but about the way we’re working, and how do we continue to crank up the ROI that we’re delivering’ and treat the lab as an experiment in its own right.”