The innovation myth of the individual entrepreneur is misleading. Governments often invest in technology and innovation, making them the real risk-takers and innovators. Innovation is the result of collaboration between public and private sectors, which is most prominent in cities like Pittsburgh and Berlin.
Innovation is a must-have for ongoing success in the current business landscape. However, there is a gap between idea generation and product commercialization. There are two methods to address this problem - creating a champion model or developing an innovation process.
Learn about creative problem solving (CPS) methodology and how it can be used to find innovative solutions to challenges and generate new ideas.
