Dan Toma on how corporates can transform themselves into innovation engines

In a volatile world where the only certainty is the uncertainty, companies can no longer view innovation as a ‘nice to have’, but as a business imperative. A go-to vehicle for sustainable growth.

As pressures mount on companies to innovate, the challenge they face now is on how to develop new products for new markets, while managing their core business at the same time.

To answer these pertinent questions, we spoke to Dan Toma, co-founder of consultancy firm OUTCOME and co-author of the award winning book ‘The Corporate Startup’.

A seasoned entrepreneur who has built technology startups across the world, Dan’s specialty lies in enterprise innovation transformation, specifically on the changes blue-chip organizations need to make to allow for new ventures to be built in a corporate setting. His highly acclaimed book, ‘The Corporate Startup’ is the ultimate playbook which provides the framework and tools for organizations to transform themselves into innovative engines.

During the conversation with Biztech, Dan shared nuggets of wisdom on how companies can create successful innovation ecosystems, including what corporations and individuals can do to thrive in times of uncertainty and constant change.

Additionally, he also spoke about:

His consulting business, Outcome and how its approach differs from consulting firms out there.
The inspiration behind ‘The Corporate Startup’
How the principles and practices outlined in his book provides companies with a blueprint of how to manage innovation
Insights into the methodology and the tool kit which he uses to help companies understand the innovation process
Success stories of companies who have implemented his strategies
Key observations on the pace of innovation during the pandemic
His thoughts around uncertainty and constant change and what corporates and individuals can do to thrive in through challenges