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:

Trust: The Foundation for Peak Organization Performance - Innovation

Trust is crucial for the success of any organization, as it affects loyalty, productivity, and growth. A secure and nurturing environment is necessary for employees to fully engage and contribute their best.

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The Eight Attributes of Bottom-Up Innovation Leaders

The Eight Attributes of Bottom-Up Innovation Leaders

Bottom-up innovation leaders are entrepreneurial, supported by management’s emphasis on creativity and a can-do culture, and often possess eight critical aptitudes.

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The “Joy” of Innovation: What We Can Learn from the Story of Serial Innovator and Entrepreneur Joy Mangano

The “Joy” of Innovation: What We Can Learn from the Story of Serial Innovator and Entrepreneur Joy Mangano

The story of Joy Mangano, a serial entrepreneur and innovator with more than a hundred patents, offers great lessons on business acumen and innovation.

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