12 Reasons Why Most Innovation Labs are Failing

12 Reasons Why Most Innovation Labs are Failing

Despite their marketing attempts, innovation labs are not succeeding in bringing innovation into their parent companies. Richard Turrin outlines the dirty dozen behaviors that innovation labs engage in which contribute to their underperformance. These include being invisible to business units, undervaluing ROI, and focusing on tech over people. Innovation labs need to actively cooperate with their business units and ensure that they are focusing on achieving small milestones rather than one big project.

View

More Innovation Resources:

Three Ways to Optimize for Employees with Different Work Styles

Diverse work styles can lead to clashes in the workplace, but a team with a spectrum of types usually gets better results. Here are three ways to accentuate the varied talents on your team and create a flexible work environment.

View

Are B2B Companies Slower Adaptors of Open Innovation?

B2B companies can be better innovators than B2C, but they have longer development cycles and inadequate external input.

View

What is integrated idea management?

Integrated idea management is a new way of encouraging employee-led innovation by using pre-existing tools, such as Microsoft Teams, to capture, filter, and manage ideas.

View