Innovation Leaders: If You Show Impact, ROI Will Come

Innovation Leaders: If You Show Impact, ROI Will Come

A report from Spigit reveals that only 47% of the company's customers are tracking ROI on actionable ideas, while 63% claim insufficient measurable results represent the biggest risk to program success. While ROI conversations with leadership require a quantifiable return on investment, innovation programs do not need to prove ROI to the exact formula in their early stages, according to Spigit. Instead, innovation leaders should show an impact in other ways, such as demonstrating cross-silo collaboration, rapidly advancing ideas or incorporating diverse voices.

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More Innovation Resources:

Improve Sales Team Collaboration

Improve Sales Team Collaboration

Collaborative work management (CWM) tools help break down silos and improve sales team collaboration by offering features such as sharing win/loss announcements and sales document management.

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Design Thinking: Global Study on Implementation Practices in Organizations

Hasso Plattner Institute conducted a study on design thinking practices in organizations to understand its current state and future. The study found that although design thinking is becoming mainstream, there is a need for better measurement and evaluation.

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Design Thinking in Medical Devices & Pharma |

Design thinking and human-centered design have been successfully applied in the medical devices and pharmaceutical industries. Innovations such as PillPack, Phantasy Pharmacy, Contour Next One, GE Healthcare, Mayo Clinic, Conrad, California Health Care Foundation, and Andiamo have been developed with these methodologies.

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