5 innovation program pitfalls & how to avoid them

5 innovation program pitfalls & how to avoid them

Long-term innovation programs require strategic alignment with corporate goals, dedicated resources, clear governance, diverse teams, and business impact. Common mistakes include misalignment, lack of resources, unclear governance, homogeneous teams, and detachment from business value. To avoid these pitfalls, organizations should prioritize projects that align with existing assets, encourage risk-taking and failure, establish clear ownership and responsibilities, and ensure market validation.

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More Innovation Resources:

Understanding Flow Distribution – Getting Your Priorities Straight

Flow Distribution is a metric that helps development teams to have an important conversation with the business about how trade-offs impact the business, and how to prioritize business initiatives. It provides a common language between business and IT so you can make collaborative decisions around software delivery to achieve innovation velocity.

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It Department Role In Innovation Plan

It Department Role In Innovation Plan

IT plays a critical role in driving innovation in organizations. By allowing IT professionals to lead the way, companies can witness innovative thinking across all levels.

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A Quick Guide to External Collaboration

External collaboration is becoming increasingly important in the business world. This guide explores why, who, and how to work with external partners to develop better products, services, and intellectual property.

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