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In our experience studying and working with many large organizations for various industries around the world including Pharma, Insurance, Financial Services, and Consumer Products, we have identified following critical patterns regarding enterprise innovation:
- Innovation works — when it is targeted for specific value outcomes.
- Organizations are building Innovation Platforms — deep insights about the future opportunities to pursue.
- Innovation must be managed and aligned — it is a form of art and discipline.
- Innovators must lead innovation — don't just put anyone in charge of innovation; most people are resource–centric and not value-centric enough.
- Harness from within — the innovation game is about harnessing the top-talent you already have.
- Finally, it is a game of risk — don't pursue innovation if you can't afford to fail (but, remember failure is just another side of breakthrough success).
We hope you enjoy the summary, for the complete paper or other information on Strategy-Driven Innovation, please contact Dan Browne VP Innovation at dbrowne@desai.com or 860-233-0011 X860
Good Luck,
Dan
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