Almost every large company understands it needs to build an organization that deals with the need for continuous innovation, globalization and regulation. But there is no standard strategy and structure for creating corporate innovation.

The reality is that everyone has the ability to innovate; and if you can tap into that ability, your organization has a much better chance of success.

Why do I believe that despite global malaise and economic uncertainty, we will see a new era of explosive, creative entrepreneurship? For this simple reason: the next generation of business leaders have no other option.

Every organization that grows by creating new products or services or aspires to out-class the competition needs a Chief Innovation Officer, or CIO.