Innovation, invention, improvement, and execution – these four words determine successes and failures in business. It is commonly accepted that the best way to manage execution and improvement is through process definition, planning, measurement, and control.
Application of a process approach to manage innovations and inventions is still not very clear for many businesses. Companies that believe that innovation occurs by chance and rely on “invent-it-ourselves” can find their businesses on a path to diminishing returns. Real innovation leaders look at both internal and external sources for innovation. They also use technology and networks to seek out new ideas, measure innovation processes and link them to revenue growth, resource allocation, people development, performance evaluation and rewards.
Find out more about best practices in managing innovation as a process in our new online course Innovation Best Practices.
Register before July 1st 2011 and receive the 20% off the registration fee.
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