The input of stakeholders in programs or projects.
Followership is the strategy of following the first mover into a new industry. It can have advantages such as existing infrastructure and customer base, but also carries risks such as greater competition and slower product innovation.
Adaptation of products and services to individual customer needs. Features of product are modified to meet specific requirements.
Equity: Ownership interest in a business, signifying a claim on assets and earnings.
Innovation management has changed rapidly and new frameworks have come into play. However, it is important not to forget the basics of building engagement, leadership and involvement in creating a culture of innovation.
