Innovation Growth Boards For Commitment And Management Buy-In

Innovation Growth Boards For Commitment And Management Buy-In

Innovation and governance may seem contradictory, but an effective innovation governance model is crucial for navigating new and uncertain spaces. Commitment is imperative for organizations to execute against their innovation strategy and invest in change for sustained growth. One way to achieve this is through a growth board, a group of senior executives who regularly review, discuss and fund new growth initiatives. Using a digital roadmap and metered funding, growth boards can manage a balanced portfolio of innovation initiatives for both core and disruptive areas. ITONICS software can help organizations manage data and make informed decisions.

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More Innovation Resources:

Is it necessary to have a dedicated innovation team?

Is it necessary to have a dedicated innovation team?

Innovation is everybody's job but leadership and guidance is still required. An innovation team can facilitate company-wide involvement and provide necessary structure to achieve a balance.

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Ideation Rate: Quantifying a Culture of Innovation

High ideation rate in a company correlates strongly with its profit growth, according to a recent study.

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6 Reasons Why You Need an Idea Management Platform (Updated)

An idea management platform offers a solution to capture and facilitate problem-solving within companies. It encourages inclusivity and promotes innovative thinking by allowing everyone to contribute.

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