What are the three things every idea needs to be successful? The balanced breakthrough model

What are the three things every idea needs to be successful? The balanced breakthrough model

The Balanced Breakthrough Model is a framework consisting of three essential attributes - desirability, feasibility, and viability - that must be present for an innovation to be successful. If any of these factors are missing, the innovation program is likely to fail. Companies can use this model to prioritize ideas and projects in their innovation portfolio pipeline. The challenge is to validate each idea, but this can be done by testing certain assumptions related to desirability, feasibility, and viability. The validation process should be appropriate to the stage of development and level of investment required. As an idea is developed further into an innovation, more and more data will become available through rapid experimentation which either validates or invalidates the premise of the idea.

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More Innovation Resources:

What is a Disruptive Strategy? Why is it important?

Disruptive strategy focuses on making expensive or complex products or services available to a wider portion of people, which disrupts the market by uprooting established competitors. It requires innovative technology, a dynamic business model, and a conscious value organization. In this article, we will discuss the benefits of disruptive innovation.

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Create a driving force for innovation while engaging your employees

Create a driving force for innovation while engaging your employees

Engaging employees in innovation during times of change is key. Establishing a transparent innovation process and understanding employee motivation are crucial for success.

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Embedding innovation deep in your culture

Innovation cannot be successfully implemented into an existing culture unless all aspects of the culture are changed, including how people interact and how work is done. Providing new tools and skills is crucial for innovation to thrive.

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