Innovation programs can be tricky to implement, with only 6% of executives satisfied with their innovation performance. This article explores common causes of failure and offers tips for avoiding them.
Maximizing the ROI of innovation requires understanding the value of front-end ideation activities beyond direct financial returns. Companies should focus on non-financial metrics like engagement and collaboration to measure the effectiveness of innovation efforts.
Innovators need to be rewarded for ethical and responsible behavior. This can be achieved through financial incentives and cultural frameworks to promote responsible innovation.