Ideas Are Not Enough. What's Your Innovation ROI?

Ideas Are Not Enough. What's Your Innovation ROI?

Innovation is a must-have for businesses today, with innovative companies enjoying a significant advantage over their legacy competitors in terms of market capitalization. However, the field of innovation management is still in its preliminary stages, with practitioners increasingly expected to use data for decision-making. To achieve better innovation decision-making and demonstrate the success of their programs with solid ROI metrics, organizations must focus on monitoring metrics such as talent, teams, projects, pipeline, innovation culture, and innovation system as leading indicators, in addition to outputs such as revenue and profits.

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More Innovation Resources:

Fostering Innovation Mindset and Culture Within the Company

Learn about the importance of fostering an innovation mindset within your company and five steps to implement it successfully.

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Peter Shankman, Customer Service, & Social Media at SocialIRL - 11 Take-aways

Peter Shankman shares customer service and communication strategies for social media and beyond at SocialIRL program in Lawrence, KS. Here are 11 key takeaways.

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What is Incremental Innovation

Incremental innovation refers to gradual improvements in existing products, services and concepts based on customer feedback. Its importance lies in steady development and growth.

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