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:

5 Stages of the Design Thinking Process

Design thinking is a problem-solving approach that has five stages. The first stage is Empathize, followed by Define, Ideate, Prototype, and Test.

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Inverse the Six Ws for Problem Discovery

Learn how to discover breakthrough innovations by questioning assumptions and exploring unknown problems through the "six Ws" in reverse.

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The law of diffusion of innovation

The Law of Diffusion of Innovation is crucial for any company bringing new ideas to market, as it outlines the five different types of people in a market based on their willingness to try new products.

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