Overview: Failing to innovate can cause even a large established business to lose ground to competitors that embrace change and engage employees. Chief Innovation Officer, Innovation consultants, innovation strategists, and innovation engineers are crucial roles your company should fill. Innovation leadership can make the difference between an innovation strategy that actually produces results and one that languishes on paper. While there are many job titles for innovation professionals in 2021, these are the most prominent.

Why Are Professionals Entering the Innovation Space?

It may seem surprising, at first, that innovation professionals are entering companies at nearly every level, from engineering to the c-suite. Yet in truth it’s simply a reflection of how quickly things are changing.

As new technologies arrive and new challenges need to be met, companies are rapidly  outgrowing both ad hoc forms of innovation and more formal committees of employees with other roles. To properly assess the needs of an organization and its goals requires full time  professionals who can spend their workday piloting programs, testing equipment, collecting suggestions, and analyzing data to offer new ideas and approaches.

Woman leading executive meeting

Innovation Consultant

An innovation consultant is an independent contractor brought in by a company, usually for a defined period of time. It’s a particularly good fit for smaller companies or companies in industries that are slow to embrace certain changes. Innovation consultants help client companies develop and plan innovation goals, construct strategies and business plans that realign current goals around a culture of innovation, and advise on innovation culture, ideation processes, and identification of new markets. Innovation consultants generally earn around $97,000 to $150,000 per year.

Chief Innovation Officer

A company’s Chief Innovation Officer is a top executive whose purpose is to lead innovation strategy in the company and help business units reconsider approaches that may unintentionally limit innovation. Alessandro Di Fiori, CEO of the European Centre for Strategic Innovation, lists seven key roles of the Chief Innovation Officer:

  1. Supporting best practices in market research for novel ideas and insights, and introducing processes that encourage creative thinking, 
  2. Training company personnel on key skills needed to pursue innovation
  3. Supporting new product and service initiatives and training managers on how they can support them
  4. Identifying new market opportunities
  5. Leading introduction of idea generation platforms and practices like hackathons and crowdsourcing 
  6. Directing seed funding to good ideas that might otherwise not be funded
  7. Allocating resources and support for promising, potentially disruptive projects

Chief Innovation Officers can expect to earn around $180,000 annually in base salary.

Innovation Engineer

An innovation engineer is “where the rubber meets the road” in innovation. They’re trained in advanced methods and tools for creating innovative ideas, accelerating projects, and solving problems that inevitably arise during innovation adoption. They design product pipelines, set up processes to build and test prototypes, design and pilot services and internal initiatives, and reiterate the lessons learned on the next project. 

The base salary of innovation engineers is between $75,000 and $80,000 annually.

Innovation Strategist

Innovation strategists have strong analytical skills they use to evaluate their organization’s operations and work with others to develop a sound innovation strategy. They provide innovation leadership in practical ways that ensure ideas are piloted, tested, and implemented. 

Typically, they oversee risk management, collaborate with executive leadership, and may also work with vendors and other partners in developing new products. Innovation strategists often have degrees in business management or related fields, plus work experience managing cross-functional teams. They can expect to earn around $62,000 annually. 

 

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Overview: Failing to innovate can cause even a large established business to lose ground to competitors that embrace change and engage employees. Chief Innovation Officer, Innovation consultants, innovation strategists, and innovation engineers are crucial roles your company should fill. Innovation leadership can make the difference between an innovation strategy that actually produces results and one that languishes on paper. While there are many job titles for innovation professionals in 2021, these are the most prominent.

Why Are Professionals Entering the Innovation Space?

It may seem surprising, at first, that innovation professionals are entering companies at nearly every level, from engineering to the c-suite. Yet in truth it’s simply a reflection of how quickly things are changing.

As new technologies arrive and new challenges need to be met, companies are rapidly  outgrowing both ad hoc forms of innovation and more formal committees of employees with other roles. To properly assess the needs of an organization and its goals requires full time  professionals who can spend their workday piloting programs, testing equipment, collecting suggestions, and analyzing data to offer new ideas and approaches.

Woman leading executive meeting

Innovation Consultant

An innovation consultant is an independent contractor brought in by a company, usually for a defined period of time. It’s a particularly good fit for smaller companies or companies in industries that are slow to embrace certain changes. Innovation consultants help client companies develop and plan innovation goals, construct strategies and business plans that realign current goals around a culture of innovation, and advise on innovation culture, ideation processes, and identification of new markets. Innovation consultants generally earn around $97,000 to $150,000 per year.

Chief Innovation Officer

A company’s Chief Innovation Officer is a top executive whose purpose is to lead innovation strategy in the company and help business units reconsider approaches that may unintentionally limit innovation. Alessandro Di Fiori, CEO of the European Centre for Strategic Innovation, lists seven key roles of the Chief Innovation Officer:

  1. Supporting best practices in market research for novel ideas and insights, and introducing processes that encourage creative thinking, 
  2. Training company personnel on key skills needed to pursue innovation
  3. Supporting new product and service initiatives and training managers on how they can support them
  4. Identifying new market opportunities
  5. Leading introduction of idea generation platforms and practices like hackathons and crowdsourcing 
  6. Directing seed funding to good ideas that might otherwise not be funded
  7. Allocating resources and support for promising, potentially disruptive projects

Chief Innovation Officers can expect to earn around $180,000 annually in base salary.

Innovation Engineer

An innovation engineer is “where the rubber meets the road” in innovation. They’re trained in advanced methods and tools for creating innovative ideas, accelerating projects, and solving problems that inevitably arise during innovation adoption. They design product pipelines, set up processes to build and test prototypes, design and pilot services and internal initiatives, and reiterate the lessons learned on the next project. 

The base salary of innovation engineers is between $75,000 and $80,000 annually.

Innovation Strategist

Innovation strategists have strong analytical skills they use to evaluate their organization’s operations and work with others to develop a sound innovation strategy. They provide innovation leadership in practical ways that ensure ideas are piloted, tested, and implemented. 

Typically, they oversee risk management, collaborate with executive leadership, and may also work with vendors and other partners in developing new products. Innovation strategists often have degrees in business management or related fields, plus work experience managing cross-functional teams. They can expect to earn around $62,000 annually. 

 

Launch Your IdeaScale Community Today!

Schedule a Demo

Overview: Failing to innovate can cause even a large established business to lose ground to competitors that embrace change and engage employees. Chief Innovation Officer, Innovation consultants, innovation strategists, and innovation engineers are crucial roles your company should fill. Innovation leadership can make the difference between an innovation strategy that actually produces results and one that languishes on paper. While there are many job titles for innovation professionals in 2021, these are the most prominent.

Why Are Professionals Entering the Innovation Space?

It may seem surprising, at first, that innovation professionals are entering companies at nearly every level, from engineering to the c-suite. Yet in truth it’s simply a reflection of how quickly things are changing.

As new technologies arrive and new challenges need to be met, companies are rapidly  outgrowing both ad hoc forms of innovation and more formal committees of employees with other roles. To properly assess the needs of an organization and its goals requires full time  professionals who can spend their workday piloting programs, testing equipment, collecting suggestions, and analyzing data to offer new ideas and approaches.

Woman leading executive meeting

Innovation Consultant

An innovation consultant is an independent contractor brought in by a company, usually for a defined period of time. It’s a particularly good fit for smaller companies or companies in industries that are slow to embrace certain changes. Innovation consultants help client companies develop and plan innovation goals, construct strategies and business plans that realign current goals around a culture of innovation, and advise on innovation culture, ideation processes, and identification of new markets. Innovation consultants generally earn around $97,000 to $150,000 per year.

Chief Innovation Officer

A company’s Chief Innovation Officer is a top executive whose purpose is to lead innovation strategy in the company and help business units reconsider approaches that may unintentionally limit innovation. Alessandro Di Fiori, CEO of the European Centre for Strategic Innovation, lists seven key roles of the Chief Innovation Officer:

  1. Supporting best practices in market research for novel ideas and insights, and introducing processes that encourage creative thinking, 
  2. Training company personnel on key skills needed to pursue innovation
  3. Supporting new product and service initiatives and training managers on how they can support them
  4. Identifying new market opportunities
  5. Leading introduction of idea generation platforms and practices like hackathons and crowdsourcing 
  6. Directing seed funding to good ideas that might otherwise not be funded
  7. Allocating resources and support for promising, potentially disruptive projects

Chief Innovation Officers can expect to earn around $180,000 annually in base salary.

Innovation Engineer

An innovation engineer is “where the rubber meets the road” in innovation. They’re trained in advanced methods and tools for creating innovative ideas, accelerating projects, and solving problems that inevitably arise during innovation adoption. They design product pipelines, set up processes to build and test prototypes, design and pilot services and internal initiatives, and reiterate the lessons learned on the next project. 

The base salary of innovation engineers is between $75,000 and $80,000 annually.

Innovation Strategist

Innovation strategists have strong analytical skills they use to evaluate their organization’s operations and work with others to develop a sound innovation strategy. They provide innovation leadership in practical ways that ensure ideas are piloted, tested, and implemented. 

Typically, they oversee risk management, collaborate with executive leadership, and may also work with vendors and other partners in developing new products. Innovation strategists often have degrees in business management or related fields, plus work experience managing cross-functional teams. They can expect to earn around $62,000 annually. 

 

Launch Your IdeaScale Community Today!

Schedule a Demo