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THE CHIEF INNOVATION OFFICER (CINO) TRAITS AND MISSION Large companies need a Chief Innovation Officer (CINO), a powerful executive who can counterbalance the natural killing instinct of a company’s business units and design a more innovation-friendly organizational environment. The CINO’s key role is to constantly “bang the drum” for innovation, being essentially responsible for identifying and proposing areas where technology, company structure and day-to-day practices can be combined and refined to drive a business towards its corporate goals. A great CINO must be multi-skilled – a requisite that will often prevent traditional CIO or CEO job roles from absorbing this responsibility. Key roles in the Chief Innovation Officer (CINO) traits and mission: 1.     A HIGH CREDIBILITY FACTOR It's not enough for a CINO to be respected by the employees in the company (though, certainly, that goes a long way). A CINO has to get the respect of all of the other officers ...

CHIEF INFORMATION OFFICER (CIO) IS THE CHIEF INNOVATION OFFICER (CINO)? The CIO is at the epicenter of digital transformation and has the power to revolutionize business with technology. This makes the CIO the organization’s chief innovation officer. CIOs want to accelerate their use of cloud, analytics and AI technologies to transform their organizations. The most innovative and successful CIOs are finding ways to empower their workforces, identifying growth markets both within and outside their industries. The best-performing CIOs are creating more powerful interactions with customers to improve satisfaction and loyalty. A leading group of companies known as “torchbearers” comprise four percent of all companies according to the IBM Global C-suite Study that surveyed 1,805 CIOs. These torchbearers have strong reputations as innovators, combined with excellent financial performance. More than 70 percent of CIOs in these torchbearer companies focus on the strategic implications...

CHIEF INNOVATION OFFICER The term ‘ Chief Innovation Officer’ was first coined and described in the 1998 book Fourth Generation R&D. Organizations with a CINO/CTIO are practicing part of the fourth generation of innovation theory and practice to emerge since 1900. A Chief Innovation Officer (CINO) or Chief Technology Innovation Officer (CTIO) is a person in a company who is primarily responsible for managing the process of innovation and change management in an organization, as well as being in some cases the person who ‘originates new ideas but also recognizes innovative ideas generated by other people’.  The CINO also manages technological change and leading the way to transformational innovation. The Chief Innovation Officer is beginning to bridge the gap between the other C-level executives. Traditionally, CEOs are responsible for business direction and strategy, CIOs for IT and information management and CFOs for cost management and budgeting. With...