Wednesday, April 11, 2007

keep your innovation system alive and well

Here are the top ten reasons for innovation failure:
  1. Not creating a culture that supports innovation
  2. Not getting buy-in and ownership from business unit managers
  3. Not having a widely understood, system-wide process
  4. Not allocating resources to the process
  5. Not tying projects to company strategy
  6. Not spending enough time and energy on the fuzzy front-end
  7. Not building sufficient diversity into the process
  8. Not developing criteria and metrics in advance
  9. Not training and coaching innovation teams
  10. Not having an idea management system
Thinksmart

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