Internal Innovation Requires Patience and Persistence

Internal Innovation Requires Patience and Persistence

Corporate innovators discussed the challenges of setting up and sustaining internal innovation programs at Innov8rs Shanghai last June. Such programs tend to exceed budgets, aren’t delivering commercially scalable ventures and at best, only help bringing in new skills and mindsets. The speakers highlighted the pressure to deliver results fast versus the reality that success requires patience and persistence. The article summarizes five approaches to making innovation programs successful: transforming siloed product teams into communities, breaking innovation frameworks down into smaller pieces, changing the mindset of management, mapping a survival strategy, and instilling cultural values.

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Improve Communication Through Social Networks

Improve Communication Through Social Networks

Utilizing social media can greatly improve business communication and engagement with customers through listening, video content, lead generators, customer service, and targeting specific locations.

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COVID19s Impact On Corporate Innovation

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Top 5 Biggest Challenges in Innovation: How to Overcome?

Innovation is essential for business growth, but there are challenges to encourage and sustain it. Here are the top 5 challenges in innovation and how to overcome them.

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