Yet innovation is an increasingly critical determinant of business success. In many industries today it is literally make-or-break.
- specify a target portfolio of innovation goals
- create focused innovations within the target portfolio
- rigorously evaluate the resulting innovations
- develop decisive implementation strategies for the selected innovations
- cascade the resulting strategies rapidly through the organization and into the field
For example, Inmill led the executive team of a previously stagnating technology company through a structured "business breakthrough" process. The process resulted in a new patented product line that has led to quadrupling of company revenues, and enabled the company to break out of the small community bank market, and penetrate the largest international banks in the US.
Please speak to us about the opportunities and obstacles that you see for innovation in your organization.