What Do Top Corporate Innovators Get Right?

Innovation is crucial for the success of the company, but most leaders don't understand the topic well, which can lead to weak management support and unsatisfactory results. Innovation leaders across industries face similar challenges, but it's essential to identify patterns in their innovation practices. The article uncovers those patterns to show what top innovators are doing: they focus on scale, balance, clear focus, and structures. Innovation work needs to be decentralized, and it's a combination of incremental and transformative initiatives to make a difference. A clear focus needs to be set to pursue strategically important goals, and strong structures and processes have to be in place to progress and ruthlessly kill ideas. Innovation should be a part of good management, not something added later. In the future, innovation will become an essential part of the core operations of most organizations, and many people will be responsible for innovating.