Avoid These Pitfalls when you Measure and Reward Innovation
“If it ain’t broke, don’t fix it” doesn’t apply anymore. If it ain’t broke, its obsolete. Bill Gates Tweet Let’s face it, companies are comfortable investing in incremental innovation – fix what is broken, adopt new technology to make their operation more efficient, train their people to increase their productivity. Outputs are the goal for […]
Desirability, Feasibility, Viability: The Sweet Spot for Innovation
The ideal innovation process is the trifecta of desirability, feasibility and viability. If your idea meets all three criteria, then it contains these essential characteristics: A desirable solution, one that your customer really needs A feasible solution, building on the strengths of your current operational capabilities A profitable solution, with a sustainable business model. But […]