Executing on Innovation – The Required Key Ingredients

The article emphasizes that innovation is not easy to achieve, and its effective management requires a mix of complex capabilities. It discusses the key enablers of innovation, which include innovation culture, creativity, resource optimization, innovation strategy, and innovation framework. The article also explores the common pitfalls of innovation, such as management practices that are stacked against innovation, lack of common understanding around organizational risk, and inadequate enablement of innovative people, strategy, and processes. Finally, it highlights the importance of people leadership, collaboration, planning, and risk management in supporting innovation for any organization.