Innovation Fundamentals: Having the Right Team, Processes, Resources and Values

Innovation Fundamentals: Having the Right Team, Processes, Resources and Values

 

Team – people who want to break through

Processes – Quick and Rapid decision cycles
Resources – Enough time, money, knowledge
Values – Example: Your old structure may value fewer customers and bigger transactions, while your new innovation project may value mass distribution and smaller transactions

IMPORTANT:

You may need to spin off your new project or split your current organization to meet the new innovation, or you are more likely to fail.

Want to learn more? Read the “The Innovator’s Dilemma: The Revolutionary Book that Will Change the Way You Do Business by Clayton M. Christensen.

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