The implementation gap
Last year, McKinsey released a survey revealing that 84% of executives think innovation is extremely important to the future of their companies. In other good news for innovators, the survey also reported that most executives account for innovation at strategic planning time.
The bad news?
Only 39% say they’re good at bringing new products and services to market. They cite lack of a formal process and poor internal alignment as the major reasons for this. Exacerbating this is the fact that many companies have reduced R&D investments over the past few years in order to make themselves look more attractive to Wall Street. And while most large companies have structures that make interdepartmental collaboration difficult if not impossible it really boils down to this:
To read the full, original article click on this link: 5 Ways to Bridge the Implementation Gap | InnovationManagement
Author: Harvey Briggs
