7 challenges innovation managers face in 2020

7 challenges innovation managers face in 2020

Board of Innovation has identified 7 patterns that innovation professionals face despite the industry and innovation capabilities within organizations naturally evolving and maturing. The identified patterns include innovation initiatives with no innovation strategy, putting Agile before sufficient user research, managerial support for radical and disruptive innovation, the need for disruptive business model innovation capabilities, new business creation and support in structuring the organization, a gap between knowing what to do and actually doing it, and a shift towards the beginning and end stages of the innovation funnel. Organizations should align their innovation initiatives with their growth strategy, conduct ethnographic research before proceeding with Agile, and focus on developing disruptive business model innovation capabilities before handing over projects to Agile teams. Innovation activities must be supported by a fully formulated innovation strategy to ensure business impact return.

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More Innovation Resources:

The Empathy Economy

The Empathy Economy

Open innovation and the empathic civilization promote mutual understanding to create a more collaborative economy.

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The 4 types of innovation from a strategic point of view

The 4 types of innovation from a strategic point of view

Innovation can come in different forms such as finance, process, product, and delivery. These types of innovation are essential in finding better sponsors, teams, and resource allocation.

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Is Lean Management doomed in the age of Innovation?

Is Lean Management doomed in the age of Innovation?

Lean Management and Innovation Management are often seen as opposing strategies, but can be complementary when combined to achieve both continuous and innovative improvement.

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