Innovation is not just about something new, but renewing or changing what already exists. It is different from invention which creates something new, and improvement which does things better.
IT and LOB leaders are working together more closely, thanks to agile development techniques that speed up project delivery. Planview has developed its Lean and Agile Delivery solution to support initiatives such as digital transformation, enabling teams to deliver business value faster.
McKinsey’s Organizational Health Index (OHI) helps organizations improve their effectiveness and management’s performance. Sunshine Coast Credit Union used OHI to identify areas for improvement, including bottom-up innovation. They launched an innovation management platform and saw significant improvement.