For CIOs (Length: 7 pages)

Executive Summary (This is a document excerpt)

Confusion about what innovation is and how to handle it all too frequently stymies the CIO's best efforts at helping drive business innovation. To clarify this confusion, CIOs should treat innovation as part of a continuum of opportunities ranging from business-as-usual investments to radical new ideas. As everyday investments and innovations impact the same IT and business resources, CIOs should manage them in a common portfolio. But to keep innovation from being overly burdened in the funding and development cycles, CIOs should help establish separate budgets and decision-making processes for innovative ideas as well as driving innovation through more innovative development processes.