Over the years, some outstanding innovations have failed. Many wonder why. It’s really simple. Innovation is holistic. You can’t innovate in one corner of your enterprise, and let the rest of it wallow in old-fashioned mediocrity.
Successful innovations encompass three aligned propositions:
- A new value proposition to customers;
- A new profit (or business model) proposition for the business; and
- A new people (or engagement model) proposition to drive adoption and execution.
To read the full, original article click on this link: 3-point formula to successful innovation - Anthill Magazine
Author: September 15, 2011 | By
