In today’s global economy, the leading driver behind its growth is Innovation. Yet, it is the least understood. Throughout the last century, captains of industries learned to master the process of production to such extent that it no longer functions as a significant Competitive Advantage. The challenge today is to master the process of Innovation. […]
Tag Archives | innovation process
When Execution Becomes Imperative: Learn the 5 Principles of Innovation Strategy
In an era of digital business and rapid technology change, virtually no company can ignore the imperative to innovate. Failing to do so is an invitation to lose business. To learn how companies are responding to this mandate, PwC conducted a major global study in 44 countries. The goal was to understand how leaders view […]
How to Drive Innovation by Creating a Lion’s Den
If you are looking for an engaging and fun way to spark innovation among employees you will like this idea that I call “Lion’s Den.” This interesting employee event is loosely built on the concept of the television shows, “Shark’s Tank” and “Dragon’s Den,” in which, hopeful entrepreneurs are given an opportunity to pitch their […]
When Innovation Fails and 10 Ways to Innovation Success
No one is able to stand still in this fast paced business environment. As business leader you’re looking for ways to innovate, but most of the time innovation fails. Innovation process-expert Robert Cooper shows that of every seven new product/service projects, about four enter development, 1.5 are launched, and only one succeeds. Innovation is so difficult […]
