This question has baffled many executives for quite some time. Management tries to replicate the special event or circumstances that created a successful innovation project but often fails. Companies have created positions such as Chief Innovation officer, innovation teams, and organizational strategies that promote innovation through diversity, team dynamics, and social networking. However, failure rates of 90% are common when innovations occur due purely to chance. What distinguishes whether an innovation is hit or miss?
Ideascale2019-10-15T15:11:44-07:00June 25th, 2012|Categories: Enabling Factors, Leadership, Organization & Culture|Tags: apple, defining innovation, definitions, diversity, goals, Innovation Strategy, innovation success, invention, iphone, replicating success, Success, Success Factors, team diversity|