What are the signs that innovation
in a company is set up to fail? Wouldn't it be great to have a
checklist on this? Unfortunately, innovation is too complicated and
company-specific for one standard rule.
It is possible, however, to become better at spotting the signs of failure.
Here's a list (in no particular order) of the red flags I look for when I talk with executives and innovation leaders trying to get an understanding of their corporate innovation capabilities.
• The lack of an innovation strategy
Executives and innovation leaders have failed to link innovation with overall corporate strategy. As a result, the innovation efforts have no clear direction, and there is not the necessary mix of incremental and radical innovation. No strategy, no focused effort, no results.
To read the full, original article click on this link: Ten Red Flags for Innovation - BusinessWeek
Author: Stefan
Lindegaard
