Typically with the passing of a year, I spend the first few hours feeling nostalgic. Facebook has their "year in review," news outlets have their "best of 2014 lists," and we all take a look back at last year's resolutions.
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.
Besides possessing creativity and resilience, the best innovators are the ones who can effectively communicate and "sell" their ideas. Innovators often have to get executive approval for support on a new product or venture. No matter how good an idea is, it will not sell itself.