How do corporations like Unilever, Philips and Orange innovate?

Innovation requires taking risks, which can often be a challenge, especially for big multinational corporations.

So what does it take for some of those companies to innovate?

Limiting risk by knowing your market, trying pilots to prove a model, and creating new business divisions or processes are all ways to support greater innovation.

Devex Impact interviewed Orange’s Catherine Flouvat, Philips’ Maarten van Herpen and Unilever’s Carolyn Jones about innovation, risk-taking and how to scale on the sidelines of this year’s European Development Days. Watch the video above to see what they had to say.

To read additional content on innovation, go to Focus On: Innovation in partnership with Philips.