Does Your Organization Need a Chief Innovation Officer?
A CINO isn't just a one-man ideas machine. They help to create a company culture of innovation, and get investors on board with visionary change.
It has been refreshing to see that in recent years a formal c-suite position, Chief Innovation Officer (CINO), is becoming increasingly popular on executive teams. A relatively new position, the title Chief Innovation Officer was coined for the first time in 1998, yet around 30 percent of Fortune 500 companies currently have a Chief Innovation Officer working in some capacity.

As the role becomes more mainstream, many leaders have questions about what this position entails and whether their organization needs it. To help answer that question, here’s an overview of the role, including a look at some of the benefits that CINOs provide and some key traits that an effective CINO would bring to your leadership team.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
-
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
-
Why You Need to Become an Inclusive Leader (and How to Do It)
-
Career Transitions You Can Make in Your 40s and 50s
-
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
-
4 Principles to Develop Next-Level Leadership at Your Company
-
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market