InnoCentive Reviews | Glassdoor

InnoCentive Reviews

Updated May 22, 2017
10 reviews

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2.7
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Craig Jones
6 Ratings

Employee Reviews

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  1. "InnoCentive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Waltham, MA
    Current Employee - Anonymous Employee in Waltham, MA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    InnoCentive has gone though a major improvement of products as reflected by the latest Forrester Report and enhanced web presence. With renewed emphasis on the commercial marketplace, InnoCentive has landed several new Fortune 1000 clients in US and Europe.

    Cons

    The innovation management markets have grown slower than many predicted, but InnoCentive is growing again.


  2. Helpful (1)

    "VP of Engineering"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President of Product Engineering in North Waltham, MA
    Former Employee - Vice President of Product Engineering in North Waltham, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at InnoCentive full-time (More than a year)

    Pros

    Good concept for a product and solid network of solvers. Lots of value add within the vertical spaces that are the historical background of the company.

    Cons

    Board is dysfunctional, changing directions and watering down the organizational focus to too many different offerings in order to try and "win" across a lot of different markets. No focus,

    Advice to Management

    Change the members of the board. Hire a real leader/CEO for the organization instead of the part time CEO in place for several years. Focus on the core strengths of the company instead of attempting to make money with every possible sidetrack.


  3. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Waltham, MA
    Former Employee - Anonymous Employee in Waltham, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Not much. Flexible schedule is the only pro and some of the people who are really smart. Salary is good especially for those who have been asked to stay on to avoid having the ship completely sink to the bottom.

    Cons

    Absolutely zero leadership. InnoCentive has had a remote CEO since 2006 and it shows. There's no vision or strategy for the future of the company. The course of the company is determined by gut feeling, opinions from poor performers who are sucking the power teet, rather than by hard market or customer data. Products and services are sub-par at best. And the entire partner ecosystem is null and void. The problem now is that the company is so far gone, it's literally holding on tight, surviving and hoping for the best outcome


  4. "Good pay, poor culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Waltham, MA
    Former Employee - Anonymous Employee in Waltham, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at InnoCentive full-time (More than a year)

    Pros

    The best reasons to work here are solely the pay scale, which is very competitive.

    Cons

    For a company centered on innovation they are slow, inflexible and haven't innovated themselves in over a decade. Innocentive has roots in engineering and science, and though the market has moved away from them they have not been able to keep up. The office is stale and depressing, which contributes to this rut they are stuck in.


  5. "Interesting company, open innovation leader, lacks vision"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    I have been working at InnoCentive full-time

    Pros

    The best part about working at this company is the flexibility of your schedule and having the opportunity to work with many clients on Challenging problems. Incredibly smart employees but the company can't seem to keep them.

    Cons

    Lacks stability. Poor benefits and compensation. No room for career growth or increased compensation. Company is concerned only with its bottom line, not with the morale of its employees or career development.

    Advice to Management

    Put a little more faith in your employees, don't forget everyone working here makes the company run. With so few people every employee has huge responsibility. Less micro-managing and more strategic direction. Having a CEO that showed up occasionally would be nice too.


  6. "Open Innovation leader"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    InnoCentive is the open innovation pioneer

    Cons

    It is going through a management shakeup


  7. Helpful (3)

    "Could be great - or not"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at InnoCentive full-time (More than 3 years)

    Pros

    Basically a very cool concept. Entire Innovation space trending in major organizations. Some very smart people to work with - mostly.

    Cons

    No consistent strategic direction. Most prospects/clients have not budgeted for these types of services, so basically a difficult time to develop new customers. Lots of customer churn and uncertainty of results.

    Advice to Management

    Since major management change, not sure what to say, but should be for the better.


  8. "Great company for early exposure but limited growth opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at InnoCentive full-time

    Pros

    - good early exposure with clients. Immediately given roles in leading and delivering, and don't spend months just shadowing and doing grunt work
    - relaxed office atmosphere and flexible working
    - good international travel to clients
    - interesting projects - from cutting edge science to working with charities on major global issues.

    Cons

    - work structure and project delivery becomes very repetitive following near identical plans for each Challenge and overall project. After you've done a few, it can get quite dull.
    - linked with this, there are very few growth opportunities in the company and with a flat hierarchy, it has led to a proportion of staff leaving after two/three years.

    Advice to Management

    appreciation of how staff seem to leave at the 2/3 year mark and thus think about growth prospects to try to create longer tenures.


  9. "Interesting projects, but a depressing place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at InnoCentive full-time

    Pros

    - Interesting projects
    - Decent reputation in the open innovation field

    Cons

    - Poor culture and morale
    - Poor compensation and benefits
    - Lack of strategy from top management
    - Lack of innovative mindset

    Advice to Management

    Spend some time coming up with a strategy on how to turn things around. Invest in senior people that know how to run a business and staff that can deliver projects satisfactorily


  10. Helpful (2)

    "More positives than negatives"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Positive Outlook

    I have been working at InnoCentive full-time

    Pros

    - Flat hierarchy, opportunities for mid and lower level employees to input into decisions
    - Enjoyable atmosphere and morale
    - Good mid-level management
    -Talented co-workers
    - Interesting work, opportunities to work in exciting and creative innovation management

    Cons

    - Flat hierarchy could make it difficult to progress upwards
    - Not amazing compensation and benefits
    - Very specific work means that it would be difficult to transfer some of the skills here to other jobs

    Advice to Management

    -Senior leadership could take a lessons from middle management in being more open, inclusive and honest with employees.
    - Continue to explore new directions