Without risk there can be no innovation, but what happens when success is finally achieved? In order for innovation to be sustainable it must be driven by a structured management approach that strives for accountability, invention, and re-invention.
When teams collaborate in developing new innovations, having the following eight ingredients mixed into your team's new product developmental repertoire will ensure that it's overall marketability will happen relatively quick, and accurately -- making everyone productive across the board.
It is no hidden secret that innovation is a necessity to compete in today's marketplace. Often hailed as the Holy Grail for which every organization should strive for, sustainable innovation requires a strategy from start to finish.
Open Innovation is an effective method for gaining ideas from outside an organization, but in order to achieve long term sustained Innovation, companies need to establish a structured repeatable process.
Successful, sustainable innovation depends on a natural curiosity and open-mindedness from all members of an organization. To gauge your company's training and coaching program, ask yourself these questions.
Innovation implementation calls for a robust, disciplined strategy. It can not be a one-time process, but must occur over and over again to form a steady flow of innovation that sustains long-term profitability.
Every organization needs an innovation champion. This very important role requires exceptional people skills and communication skills, and the ability to be a master consensus builder among all players in the organization.
The path to innovation is not always linear. It needs different perspectives working together to achieve the end goal. In fact, the greater the innovation, the more necessary it is to include fresh perspectives.