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.

View

More Innovation Resources:

Think Like Nature to Innovate

Think Like Nature to Innovate

Nature stores business success lessons. Smart companies can interpret them and create innovations by nurturing ideas, feeding them with tools and support, and infusing them with radical perspectives.

View
An image of a lightbulb meshed with gear wheels, symbolizing innovation.

What is Innovation Software: Everything you need to know

Innovation software helps businesses manage the innovation process from ideation to implementation. It collects and assesses innovative ideas, engages stakeholders, and measures success.

View
An image of intertwined circles with arrow paths indicating cycles.

What is Iterative Development and How does it Work?

Iterative development is a software development life cycle model that breaks down the process into smaller cycles. It allows for rapid adaptability and improved versions of previous iterations.

View