The Key Insights Corporate Innovators Miss on the Execution of Innovation

Innovation management and execution can be challenging. While generating new ideas is the easy part, getting them executed is the hardest. To produce better innovation outcomes, companies need to set up structures and processes for idea generation and harness their employees' input. A flexible and iterative process that allows for feedback is crucial to moving ideas and projects forward, and timing is vital to innovation success. Companies need to focus on getting the right people at the right time for the right ideas. An innovation strategy can help bring clarity and focus to the execution process, allowing companies to decide which ideas to pursue and give limited resources to.