In today’s market, companies that do not innovate do not thrive. Innovation has become a crucial component of a successful strategic plan. Therefore, I packed my bags and headed to the Back End of Innovation (BEI) conference, ready to hone my innovation skills. In collective acknowledgement of the difficulties of this end of the process, ...
Introduction When it comes to innovation, no two companies are likely to be pursuing innovation in the same way, and they are also likely to be at different stages of innovation maturity. Because of this, even if you found out what your competitor’s innovation strategy was, it would be of no use to you. It ...
This article is the third and final in a series of 3 articles discussing measuring product innovation. Continue reading
This article is the second in a series of three articles discussing measuring product innovation. Continue reading
Through our conversations and observations of how intrapreneurs at different companies have gone about doing this, we’ve outlined a handful of strategies that you can try to secure buy-in, support and resources to foster enterprise innovation. Continue reading
Innovation portfolio metrics are different that other innovation process metrics. They are not idea focused but rather project focused. Continue reading
We all know that innovation success is hard to come by – for decades about 75% of all innovations have failed within five years, with most failing in 18-24 months. For an innovation to succeed, it needs to switch many (often very, very many) direct and indirect competitive product users to the innovative product. Continue reading