SVP of Innovation develops the vision, strategy, and thinking methodologies used to innovate new products and services, introduce novel or disruptive ideas, improve existing processes, and create a culture of innovation within the company. Articulates an innovation strategy and defines objectives and measures aligned with overall company goals that add value to stakeholders. Being an SVP of Innovation champions innovation projects and oversees resources and budgets. Seeks out new opportunities with partners or alliances that support innovation efforts. Additionally, SVP of Innovation collaborates with internal teams and promotes a culture of innovation that encourages and supports experimentation and rewards new ideas and ways of thinking. Requires a bachelor's degree. Typically reports to top management. The SVP of Innovation manages a business unit, division, or corporate function with major organizational impact. Establishes/implements overall direction and strategic initiatives for the given major function or line of business. To be an SVP of Innovation typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.
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