Innovationpitfalls

It is crucial to examine the causes of failure in innovation, the gaps and pitfalls on the way.

Digital makes a significant impact on how we think, live, and work. There is the mix of old and new, physical and virtual, order and chaos. We are in a time of tremendous change, the dawn of the digital age, the path to the next level of digital maturity, also in the era of confusion and information overload. 

Therefore, it’s critical to identify, understand, and avoid pitfalls, discover strategic and predictive pathways to change, increase confidence, position a brand and leverage resources to make the digital paradigm shift effortlessly.Slideshare Presentation

   Innovation Pitfalls

Innovationpitfalls Every organization is different, they are also at the different stages of business growth, they have different functions, structures, layers, and systems, aiming to move into a more advanced stage of business deployment by tailoring their own unique strength and business maturity.

InnovationirrationalityInnovation is utilizing what you already have in a unique way that has not been done before and using that thing to make profit. But most organizations cannot walk the talk, to truly get innovation spurred and reap the benefit from it. A successful business discovers their unique strength to innovate, finds its greatest stability when the parasitic and collaborative elements within it find a balance. However, innovation overall has a very low success rate, what are innovation pitfalls? How to build high-innovative organizations?

Innovationobstacles Innovation means to solve old or emergent problems in alternative ways. It takes principles, processes, or practices to be fluent in innovation. Innovation needs to lay out different structures, thinking and solutions to develop into its potential where organizations are combining all that is available to them in imaginative, advantageous ways.

Achilles Heel of Innovation Management Businesses today face fierce competition and rapid digital shift either technologically or economically. Most of the organizations are focusing on improving margins by reducing the bottom-line cost rather than top-line growth; because innovation and risk are proportional, also because very few organizations can master innovation and generally it has a very low success rate. So what is the Achilles Heel of innovation management? And how can organizations improve their innovation capability and reap more business benefit from it?

Innovation Barriers As businesses get more cut-throat in the hyper-connected digital environment, Organizations rise and fall, not on the quantum of plans and resources, but on the capabilities to lead, manage, innovate and achieve higher than expected results. Innovation has to become a part of the DNA of the organization by "making meaningful connections'' and being delivered in many different ways.

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