How to test whether your innovation strategy is socially responsible

How to test whether your innovation strategy is socially responsible

The traditional innovation sweet spot framework has encouraged innovation with a human-centered mindset but failed to inspire thinking about the broader impact of ideas on society and the environment. To enhance it, we suggest adding a fourth layer of integrity to the framework to make innovators consider the long-term impact of their ideas. Our revised Future-Centered Innovation Sweet Spot has already been tested with clients and proved to encourage thinking about the integrity of innovation projects. We have also designed a tool, the Future Impact Wheel, to help strategists identify the social and environmental impact of their ideas.

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Innovation in Retail: Importance and Latest Trends

Innovation is crucial for retail companies to attract and retain customers. This article discusses the latest trends in retail innovation and how innovation software can help businesses come up with new ideas.

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What does Innovation mean in the Business World?

Innovation is vital for businesses to grow and generate loyal customers. It involves creating new products, ideas, and processes, and modifying existing ones. MIT ID Innovation offers courses to help businesses improve their innovation strategies and increase revenue.

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To Innovate is to Choose

Innovation forces hard choices with limited information, much like governing. Analogies can help generate new ideas and alternatives during the decision-making process.

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