Innovation Champions are pivotal personnel who advocate and drive innovation within an organization.
Creative concepts, products or practices that have not been adopted before and that are intended to be useful.
The legal rights that protect the creations of the mind, such as inventions, designs, trademarks, and copyrights. They can provide a source of revenue through licensing and royalties.
A sunk cost is a cost that has already been incurred and cannot be recovered.
Innovative ideas may face opposition, but the key to success is checking if the idea aligns with the organization's goals early on in the innovation journey.
Innovation management requires clear roles, with six main groups responsible for driving the process: idea authors, innovation managers, innovation coaches, experts, method specialists, and idea submitters.
This article explains why corporate innovation fails and offers practical solutions to avoid potential repercussions.
The scarcity of resources is the biggest roadblock for innovation, not money. In this article, we explore ways to solve the "people problem" in organizations and make innovation business as usual.
Corporate organizations are increasingly focusing on engaging and empowering employees as Intrapreneurs, Innovation Catalysts or Change Champions to drive business results, due to frustration from lack of tangible innovation results, culture pushback, and increasing financial pressures.
Innovation Leader has launched a new report that examines the traits shared by successful innovation programs. It is based on input from 270 executives who analyzed several innovation programs delivering tangible results.
A courageous culture encourages employees to share their ideas, yet many employees hold back. Leaders must navigate the narratives, create clarity, cultivate curiosity, and respond with regard to empower their team to contribute.
Emphasizing on the importance of business transformation, product/service innovation, and breakthrough communications.
