- Achieving real impact and renewal
Trends like digitalization, circular economy and disruptive business models create an urgency to innovate everywhere. But most companies and organizations have difficulties in realizing the full value of their innovation efforts. Gathering ideas, running brainstorming sessions, setting up shark tanks etc. are seemingly not effective, nor sustainable over time.
To increase innovation performance, companies and organizations must move beyond a focus on ideas and take a holistic and systematic approach. An Innovation Management System, supported by a digital platform, will help to get it right. According to research, companies that integrate innovation into strategic planning and resource allocation are six times more likely to achieve their targets.
Implementing a digital idea or innovation tool alone will not work! It is the leadership, processes, competencies, culture etc. in the organization that will make the difference for your ability to innovate.
You should consider six success factors and be prepared to make the necessary changes in your organization.
A Digital Innovation Management System that is supporting all success factors will provide the transparency, structure and automation needed to significantly augment your innovation efforts.