Return on innovation investment: The definitive guide

Return on innovation investment: The definitive guide

Investing in innovation is crucial for an organization's survival, but it also comes with risks. Calculating the return on innovation investment (ROI) can help ensure that every penny is worth it. ROI is a measure of performance used to assess the value, efficacy, and benefits of investments. It is calculated by putting profits and expenditures side by side. However, calculating ROI at an enterprise level is difficult. Organizations need to think about the areas and processes they want to include in their innovation efforts and establish collaboration between innovation and risk management. Factors to consider in achieving higher ROI include determining objectives, specifying roles and accountabilities, and managing innovation risks. Improving ROI involves aligning innovation and business strategies, using an innovation portfolio management software, providing innovation teams with the necessary tools and resources, setting performance metrics, and identifying possible issues from start to end.

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The Fabulous Five

The Fabulous Five

Five major companies are competing to define a new category centered around generating customer insights through product usage.

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Reflections, Not Answers in the Face of Senseless Tragedy

Reflections, Not Answers in the Face of Senseless Tragedy

The article discusses the challenge of adding things to solve problems that create new problems, using the example of arming teachers to prevent school shootings. It suggests working towards a culture that celebrates life instead of glorifying violence, paying attention to individual acts of violence, and focusing on understanding and peace.

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Product Portfolio Management: Connecting a Vision to Strategy and Budgets

Product Portfolio Management: Connecting a Vision to Strategy and Budgets

Managing early stage product concepts and selecting the best ones is crucial for successful product portfolio management. Here's how to effectively connect long-term goals to day-to-day management.

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