11 Innovation Best Practices from BCG, strategy& and PwC

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.

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More Innovation Resources:

How to Apologize at Work for a Mistake

Apologizing at work can be difficult but is a sign of professionalism and good leadership. Here are some tips on how to do it effectively.

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Drop Box or Water Cooler

Idea management systems can be viewed as either drop boxes or water coolers. The latter encourages active engagement and discussion about ideas in a community setting, but it requires a cultural shift and executive commitment to be successful.

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3 Practices That Will Help Drive Innovation in Your Organization

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