Establishing A Repeatable Scalable And Formal Innovation Process

Innovation leaders must establish a repeatable, scalable and formal innovation process within their organization to overcome the challenges of the individual projects that are completed to achieve corporate objectives. Accenture reports that 74% of top-performing companies have an established, formal innovation process to maximize their improvement efforts. Streamlining this process is essential to manage innovation efforts digitally, with 85% of the largest US organizations leveraging idea management systems to create a roadmap that's structured, transparent, and easily measured. A formalized innovation process is critical for organizations looking for continuous improvement and market share.