Five Things Executives Should Learn about Innovation in 2015


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If you want to bring corporate executives up to speed on innovation management as it happens in 2015 you should focus on these elements:

• give them a better understanding of what open innovation is and how this impacts an organization

• give them a better understanding of business model innovation and how this impacts innovation projects (go beyond products and technologies)

• develop better tools for managing “tolerance for failure” as innovation today requires more and more experimentation; not only on products and services but also on the innovation process itself

• give them a better understanding on how to learn from failure (a process is needed to capture the learnings from failed innovation projects)

• execution is key for innovation today and since people and processes are key to execution, they need a better understanding of the different types of people that you need at the different phases of innovation

Just a quick list. What would you add?

Republished with author's permission from original post.

Stefan Lindegaard
Stefan is an author, speaker, facilitator and consultant focusing on open innovation, social media tools and intrapreneurship.


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