The Right ROI of Innovation for Your Firm

The Right ROI of Innovation for Your Firm

Many organizations dismiss innovation without considering real ROI thinking. Innovation as Investment is a three-step process that can solve this problem. The first step is to determine risk-tolerance level, then create a mix that works for the organization and finally kick off all projects with executive leadership support. If done right, a diverse innovation portfolio can result in high returns. For example, a low risk-tolerance company can allocate 80% of efforts towards incremental innovation, 15% for disruptive innovation and 5% for breakthrough innovation.

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More Innovation Resources:

6 Potential Roadblocks to Innovation

Overcoming innovation roadblocks is essential for business success. Learn how to prevent and work through common problems like groupthink, burnout, lack of resources, insufficient trust, stopping at ideas, and preferential treatment.

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3D printing innovation breaks the rules of traditional building

3D printing innovation breaks the rules of traditional building

3D printing is shaking up the construction industry, offering design flexibility, faster construction times, and cost savings.

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Creative Thinking Exercise - SCAMPER around KC by Woody Bendle

Creative Thinking Exercise - SCAMPER around KC by Woody Bendle

Learn about an effective creative thinking exercise called SCAMPER, which can help you generate innovative solutions by substituting, combining, adapting, modifying, putting to another use, eliminating, and reversing elements.

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