Innovation Drivers

Innovation drivers are key factors that stimulate the development and implementation of new ideas, products, or processes in a company.

More Innovation Glossaries

Pitching

Pitching refers to the process of presenting a business idea in the hopes of receiving monetary or resource support.

Patent

A patent is an exclusive right to use, make, and sell an invention. It means that the invention is unique and original.

Kaizen

Kaizen entails the continuous practice of incrementally improving products, processes or services over a period of time.

Top Innovation Drivers Resources

The Problem with Corporate Innovation

Many large corporations are struggling to innovate effectively due to their slow response to changes in the market and lack of agility. Executives must decide how to allocate resources to innovation and whether to outsource or build internal capabilities.

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The top 10 challenges of innovation and how to overcome them

Innovation is critical for business growth but poses several challenges. Here are ten internal problems that hinder innovation and the solutions to overcome them.

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Why innovation makes executives uncomfortable

Executives are uncomfortable with innovation because it requires different skill sets, is unpredictable, and can result in loss of control.

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Why Is Innovation So Hard?

Companies face obstacles in innovation management due to cultural challenges, missing critical capabilities, and lack of leadership support.

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How the Innovation Principle Supplements and Balances the Precautionary Principle

The Precautionary Principle can be a deterrent to innovation, so the Innovation Principle offers a supplement and balance by examining new policies for their negative impact on innovation.

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Top 10 Innovation Drivers

Innovation is mainly driven by people. This article highlights the top 10 factors that drive successful innovation and how they are all centered around individuals, teams, and organizations.

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Challenging the Innovation Paradigm

Challenging the Innovation Paradigm

Innovation is almost always seen as a ’good thing’. Challenging the Innovation Paradigm is a critical analysis of the innovation frenzy and contemporary innovation research.

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Diffusion of Innovations

Diffusion of Innovations

Professor Rogers explains how new ideas spread via communication channels over time. Such innovations are initially perceived as uncertain and even risky.

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