The critical missing component for innovation success is...
Similar to a detective trying to solve a crime, innovators must identify critical components for success. These components include vision, opportunity, discovery/insights/learning, people, and processes/tools/methods. Without a clear and well-communicated vision and defined business opportunity, it's difficult to innovate successfully. Innovation requires learning and discovery, and it's important to have passionate and skilled individuals focused on innovation. Lastly, effective innovation involves utilizing the right tools and methods. It's essential to assess which components exist and their capabilities and commitments before starting an innovation project.