Article

The PIE Model: How CInOs Can Plan, Implement, and Evaluate Business-Driven “Innovating Innovating”

Posted September 19, 2016 in Business Technology & Digital Transformation Strategies Cutter Business Technology Journal

In this article, we explain how established firms can benefit from appointing a chief innovation officer (CInO) to lead a meaningful and sizable innovation department. We focus on the changing nature of innovation — what we have called “innovating innovating” — and discuss the nature of the innovation age, why innovation is critical, and the role of the “digital force” that drives much of 21st-century innovation. Next, we share the PIE model, with its three phases of planning, implementing, and evaluating, as a mental model for innovation management. We use the process of strategy making as an example of the changing nature of the 21st century’s digitally driven organizations. Finally, we show how CInOs can use the PIE model to effect transformation from the strategic, tactical, and personal perspectives.

About The Author
Yesha Sivan
Yesha Sivan is the founder and CEO of i8 ventures, a business platform focusing on "innovating innovating." He is also a visiting professor of digital, innovation, and venture at the Chinese University of Hong Kong Business School. Dr. Sivan's professional experience includes developing and deploying innovative solutions for corporate, hi-tech, government, and defense environments. He focuses on digital strategy (SVIT – Strategic Value of… Read More
Raz Heiferman
Raz Heiferman is a Senior Digital Transformation Advisor at i8 ventures. Previously, he was Co-CEO and Senior Advisor at Be Digital; Acting Government CIO and Manager of the Shared Services Division at the Israel CIO Office; CIO at Direct Insurance, Bezeq, and Optrotech; and has held other senior positions in two leading Israeli software houses. Mr. Heiferman teaches graduate courses on business strategy and digital transformation at several… Read More
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