LUX EXECUTIVE ROUNDTABLE BOSTON
Innovation-Related Decision-Making to Support a Thriving Portfolio​

Leadership Challenge: Building the Decision-Making Muscle

As we enter a post-COVID normal, the hypotheses, factors, and inputs that went into prevailing innovation frameworks are being contested. The time is ripe for a closer look at frameworks for innovation decision-making to (i) gauge their continued relevance and usefulness and (ii) adapt them for specific industry segments. The ideal framework helps place the right bets, allocate the right resources, and generate the right outcomes.

Cogitation: Exploring & Adapting

• What long-standing hurdles in innovation decision-making are you experiencing? What frameworks and assessments do you use to make successful decisions in the midst of these hurdles?​
• Lux will share the results of our survey of leaders at 100 companies around frameworks and criteria they use in decision-making — and the associated challenges.)
• In an increasingly fragmented world where customer loyalties, supply chains, and regulatory interventions are all evolving rapidly, are your innovation frameworks able to keep up? ​
• What dimensions, criteria, and data would you use — along with tools like machine learning — to begin developing the right framework for effective decision-making?

Implementation: Embedding & Performing

• Lux will facilitate an exercise among the attendees to collaboratively crystallize the right elements for building frameworks for three industries that best represent the attendees’ companies.​
• Once you’ve built the right framework for innovation decision-making, how do you foresee coalescing buy-in from your peers and direct reports within your company? What hurdles do you foresee in making your framework sticky?​
• How would you use AI — in conjunction with institutional know-how and external partners — to test and accelerate decisions from this innovation framework?​

Action: Three Questions

• What is your biggest learning from today’s discussion, and how will you operationalize this key learning within your own organization?
• What questions remain in your mind about the ideas, challenges, and solutions we discussed today?
• What would you suggest as a topic/agenda for our next executive roundtable?