Why corporate innovation fails and what to do instead

Why corporate innovation fails and what to do instead

Many businesses fail due to their inability to adapt to changes required by their market over time. Innovation is a must for remaining relevant and profitable, but failure is an inherent part of it. Success in innovation anchors on three things: producing value, satisfying end-users, and maintaining a positive balance in the net cash flow of your business. This article explains why corporate innovations fail and offers practical solutions to avoid the potential repercussions. The article highlights reasons for failure, such as weak leadership, choosing the wrong problems to solve, and a lack of innovation culture. It offers practical solutions such as aligning innovation strategy, operating executives and innovation teams, and understanding KPIs for the health and success of your business.

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Collaboration Overload: When the Outcome of Your Innovation Effort is Less Than the Sum of its Parts

Excessive collaboration harms organizational performance, slows decision-making, and hurts ROI. Rob Cross and Peter Gray propose solutions to improve the life of employees and reduce collaboration overload.

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How an innovation strategy sprint speeds up the entire process

How an innovation strategy sprint speeds up the entire process

The Innovation Strategy Sprint is a one-week board session to co-design an innovation blueprint, helping corporates to decide and execute faster in the face of start-up disruption.

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The 5 Principles for Creating an Innovation Ecosystem

Established companies must take an ecosystem approach to innovation, managing their innovation portfolio appropriately and using frameworks, metrics, and practices aligned to their innovation thesis and strategy.

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