From modernizing products and processes to developing new technologies and business models, innovation is necessary for organizations to compete.
And yet many companies drop innovation programs at the first sign of failure. It’s easy to give up on innovation when it doesn’t yield results overnight, but without a solid commitment to it, companies are missing out on substantial long-term value.
So what are some of the key foundations that companies must establish to capitalize on their innovation practices, regardless of industry or business objectives?
