Why Innovation Fails at Big Companies with Abhay Jain | EP 5
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Today we’re excited to be speaking to Abhay Jain, Vice President of Strategy and Business Development at A+E Networks. In this conversation, Abhay Jain shares his extensive experience in innovation...
mostra másIn this conversation, Abhay Jain shares his extensive experience in innovation across various sectors, particularly in media and technology. He discusses his journey from startup founder to corporate strategist at A&E Networks, emphasizing the challenges and opportunities in fostering innovation within large organizations. Abe highlights the importance of understanding corporate mindsets towards failure, the need for structured innovation teams, and the role of external partnerships in driving growth. He also reflects on successful companies in innovation and the critical need for leadership to embrace new ideas and approaches.
Key Takeaways
- Innovation can succeed or fail based on corporate culture.
- Failure is often not tolerated in large organizations.
- Creating pockets of innovation can help foster creativity.
- External partnerships can drive innovation in corporates.
- Leadership must embrace new ideas for successful innovation.
- Data storytelling is crucial in corporate strategy.
- Netflix's gaming venture exemplifies innovative risk-taking.
- Incentives for innovation need to be restructured.
- Understanding audience engagement is key to content strategy.
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About The Faces of Innovation: This podcast is dedicated to speaking to leaders across the innovation ecosystem, from Venture Builders to Chief Innovation Officers.
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