Innovation Challenges

Innovation Challenges are organized contests aimed at solving specific problems through creative ideas and novel solutions.

More Innovation Glossaries

Shark Tank Challenge

A contest where teams present their ideas to a panel of judges to win support for their ideas or inspire change within the company.

Idea Process

An Idea Process is a systematic approach to generating, developing, and evaluating ideas for innovation within an organization.

High Tech

High Tech: Products or services at the forefront of technology, often involving sophisticated electronics and advanced engineering.

Top Innovation Challenges Resources

Common Challenges in Innovation Management

This article discusses the challenges of implementing innovation management in organizations and provides lessons learned from a failed attempt.

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Delivering the innovation core: building capability, capacity and competency.

Constantly building and nurturing innovation resources is essential for sustained growth and success in organizations. Developing the right capabilities, competencies, and capacity for innovation is crucial, but often overlooked or not well-defined.

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What kind of innovator are you?

Innovation management can be simplified by using metaphors, like the Matador, to explain the importance of examining ideas that threaten the status quo.

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Why a common language matters for innovation

Executives must create a common innovation definition and language, and communicate the importance of innovation consistently and broadly to avoid chaos in the organization.

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Who is responsible for innovation?

Who is responsible for innovation in your firm? Many organizations lack a clear leader for this important business function. A Chief Innovation Officer can help evaluate and implement new ideas.

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