- Do too many great ideas in your organization seem to go nowhere?
- How can your organization learn to develop new opportunities that are homegrown?
- How can you use collaboration tools and processes to tap into the collective knowledge of stakeholders inside and outside your organization?
- Do you know how to create and manage an innovation portfolio that is consistent with your business vision and strategy?
Innovation involves at least three discrete phases: identifying opportunities through collaborative idea-generation and development, rapidly stress-testing promising ideas in low risk environments, and then taking those that still look like winners to the market. However, successful organizations frequently find themselves held hostage by the very practices and processes that made them successful. In these busy, productive places, pursuing new ideas can seem like a risky distraction rather than a necessity. It’s often difficult to develop a business case for new ideas because they start out so small, pulling resources away from today’s revenue-generating activities. However, as the forces of globalization, technology, and demographics ramp up the pace of change, organizations know that they must figure out how to do a better job harvesting and growing their homegrown great ideas.
Read about Innovation in action
