Innovation requires adaptive and unique capacities and competencies, prioritizing a company's strategic goals. Building these capabilities and competencies is crucial for effective innovation.
Learnings from failed innovation initiatives are often untold yet essential. This article is an interview with Jeff Stratman, a Director of Innovation Development, about his experience with Coinstar’s venture Orango that had to be shut down due to a lack of success.
An idea management platform captures and evaluates ideas for innovation, including valuable feedback from external stakeholders, such as user innovators and online communities.
