Wednesday 13 February 2013

Ten key things that create growth through innovation


1.    Establish new idea generation processes in your company

2.    Develop opportunity assessment and strategic fit mechanisms

3.    Use horizon scanning to steer innovation and identify opportunities

4.    Protect your innovations by understanding intellectual property

5.    Encourage a company culture which embraces innovation

6.    Create internal processes to support the management of innovation

7.    Ensure capabilities and people match the innovation “mission”

8.    Develop external collaborations and networks to enhance capacity

9.    Make sure that resources for innovation are adequate

10.   Pursue market led innovation rather than technological push approaches

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