These components facilitate the creation of new methods and ideas, whether concrete or abstract, which are essential for progress and sustainability.
Innovation is high-risk because you are more often doing something that hasn't been done before. Innovation is a good mix of art and science; innovation science is rather more a complex of rules, practices, and examples.What defines science from chance is the ability to repeat a process with the same resultant solution every time. These elements can be synthesized into a pathway for enterprise innovation.
Key Components for an Enterprise Innovation Pathway
-Leadership Support: Innovation requires strong support and leadership from top management.
-Rewarding Innovators: Individuals who champion innovation should be recognized and rewarded.
-Dedicated Resources: Organizations should allocate specific resources to innovation instead of expecting it to occur spontaneously.
-Diverse Workforce: A diverse workforce that welcomes ideas from outside traditional norms is crucial.
-Connected Processes: Streamlined communication and implementation of innovations require closely connected bureaucratic layers.
-Experimentation: Organizations must be willing to experiment with different approaches, understanding that not all will succeed.
-Open Evaluation: New ideas should be evaluated for their usefulness and measured to see if they produce the desired results.
-Knowledge Sharing: Knowledge should be shared so others can apply it to their work and increase the general level of knowledge. Impersonal Criteria: Scientific or innovative contributions should be evaluated based on accuracy and efficiency rather than personal characteristics.
An effective portfolio platform includes innovation management, project portfolio management, enterprise architecture, and business process management with planning aspects. These components facilitate the creation of new methods and ideas, whether concrete or abstract, which are essential for progress and sustainability.
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