Six Levers For Solving The Corporate Innovation Problem – Part 3

Six Levers For Solving The Corporate Innovation Problem – Part 3

The article discusses six levers that can help solve the corporate innovation problem. Companies are investing heavily in the early phase of innovation but are not satisfied with the results they achieve. There are two root causes responsible for the problem: a complexity problem and a system problem. This article focuses on the system problem and presents six levers for improvement - advancement of culture, direct customer contact, modern IT systems, a network of innovation catalysts, innovation skillsets, and mindset base, sustained top management support and aligning the management system behind innovation. It emphasizes that all of these levers need to be pushed collectively as there are interdependencies between the components of the innovation system.

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