Michael Lackmanec, VP, Planning & Innovation, WCLC focused on the “Foundations of Successful Innovation.”

Pulling from 25 years of innovation practice from different industries and work experiences in Canada, Japan and the U.S., Lackmanec shared the foundations for successful innovation, approaches to consider, and most importantly—potential killers of innovation.

“Make an innovation shopping list,” said Lackmanec. “Determine the core competencies and hire in-house experience. Analyze non-core, non cost-effective products, services and skills. Rent, lease or pay royalty. The plan will need a process—within a system—derived from a strategy. Remember, the creation of value doesn’t have to be new to the world. It’s just has to be new to your organization.”