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11 Innovation Best Practices from BCG, strategy& and PwC
To succeed in innovation, companies should capture customer insights, align with their business strategy, work on supporting culture, assure strong top management commitment, actively manage their portfolio, create a well-defined process, capture ideas effectively, be flexible with radical ideas, link incentives to radical ideas, collaborate with external partners, and focus on business models. Research by Boston Consulting Group, strategy& and PwC proves that focusing on these best practices leads to greater financial success.