The Recipe for Innovation Success

Success in innovation isn’t going to happen overnight, nor does it happen as a matter of chance. There’s nothing preordained about successful innovation. There are a number of factors that can contribute to the ultimate success or failure of your latest idea, but the basic formula that I’ve learned over the years is: success = idea […]

successful innovation

6 Ways To Measure Innovation Success That Every Company Should Put In Place

Over the years, I’ve tried every combination of metrics to measure the impact on an organization from their investment in innovation. Below are the 6 metrics that I found most useful to measure innovation success.  My advice is to use them as a set and don’t cherry pick one or two. % of Revenue Spent on R&D […]

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Your Attitude Will Predict Your Innovation Success

When it comes to being part of a team that is tasked with creating killer innovations, there will be people coming out of the woodwork to criticize what you are doing.  Your attitude can and will determine your innovation success.  When I look back on innovation programs that I’ve been involved with, those that had […]