The 8 Characteristics of a Strong Innovation Program

The 8 Characteristics of a Strong Innovation Program

Innovation is necessary for a company's growth and success, and there are several characteristics that are common among innovative organizations. These include always having numerous ideas in the pipeline and the ability to "think outside the box." Innovation teams also need to be persistent and accept a certain amount of risk. To be innovative, a company must have a sound financial base, allocate enough resources to product development and maintain good organization and streamlined development processes.

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More Innovation Resources:

Is Your Company Prepared for GDPR? What You Need to Know

GDPR compliance for innovation management is a deadline at the end of May. This article explains the basics of the regulation, its scope, and how it affects businesses outside of Europe.

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The Lead Time and Cycle Time Debate: When Does the Clock Start?

The definitions of lead time and cycle time in Kanban are often debated, causing confusion for both new and experienced practitioners. However, understanding the purpose behind these metrics can help teams improve their delivery of value to customers.

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Building Differentiating Capabilities for Innovation

Innovation requires adaptive and unique capacities and competencies, prioritizing a company's strategic goals. Building these capabilities and competencies is crucial for effective innovation.

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