Innovation Excellence - 6 Criteria

Innovation is essential for sustained growth and success in business. However, many companies struggle with their innovation process and lack confidence in the products and services they take to market. To address this, it's important to first assess whether a company even has a valid innovation process. To help with this, the article outlines 6 criteria for evaluating and improving an innovation process, including having a common language and agreed-upon definitions, being prescriptive, efficient, measurable, repeatable, and consistently delivering value. The article also challenges the idea that popular methods like Design Thinking or Stage-Gate are adequate innovation processes on their own.