Jeff Bezos reveals three principles that underpin Amazon's success: customer obsession, willingness to pioneer, and a long-term orientation.
Innovation and risk are inseparable. To minimize risk, there are various tools that can be used to derisk innovation such as crowdsourcing, crowdfunding, open innovation, and other business model tools.
Launching and managing an innovation portal internally may seem cost-effective but it often leads to community management issues. Before deciding, ask six key questions to determine whether to launch a managed portal internally or externally.
