Pushing innovation beyond: 9 effective ways of improving innovation success rates

Pushing innovation beyond: 9 effective ways of improving innovation success rates

Innovation is crucial for businesses to grow and survive, but how can they ensure a high success rate? This article discusses three forms of innovation success: ideas collected, projects executed, and value created. It also highlights four common reasons for innovation failure, such as a lack of innovation strategy or dedication. The article then goes on to discuss nine effective ways to improve innovation success rates, including enhancing innovation culture, promoting accountability, and digitizing related processes. The article also emphasizes the importance of leadership in improving innovation performance.