Our industry is continuously challenged to improve itself in a manner which results in a more efficient (and safer) supply of hydrocarbons at a global level. So, where will the next "big idea" come from? What differentiates which "big ideas" make it, from those which fail? Why do some make it that shouldn't? In short, how do we ensure value creation beyond simple Darwinism; e.g. survival of the fittest or luckiest?
Like most skills, innovation can be taught, developed and cultivated as a competency to be practiced. When creating corporate innovators or entrepreneurs, this means a focus on developing talent in 3 key areas : Technical Skills, Application Skills and Leadership Skills. Developing competencies in these areas helps to de-risk ventures, as well as ensure a focus on creating value which is truly desired.