Cisco: The Time is Now for a More Strategic Approach to Innovation
The ability to consistently and effectively innovate is something many organizations find challenging. While the importance of innovation is widely acknowledged for long-term business health, surprisingly few can legitimately claim to be achieving powerful, repeatable results on a regular basis.
This is because innovation, much like any other business process, requires careful planning and management to be effective. Yet despite this, too many organizations still rely on a piecemeal, sporadic approach, resulting in short-term wins with little chance of repeat success.
What they don’t realize is how many tools are available to assist in developing a more strategic approach to innovation activity. My blog series will focus on one such tool, an Innovation Maturity Model (IMM), and how to build the right model for your business. If done correctly, not only will it enable an understanding of existing innovation capabilities (and limitations), it will put a structure in place for effective long-term Strategy and Leadership, People and Culture, and Processes and Tools conducive for innovation to flourish within an organization.
Read the entire article here, The Time is Now for a More Strategic Approach to Innovation
Via the fine folks at Cisco Systems.