10 Ways to Reduce the Innovation Failure Rate

failure

How innovation goes wrong

I encounter in practice so many people struggling with innovation. It’s has so many pitfalls. Here’s a list of five reasons why innovation goes wrong in daily practice at so many companies all over the world.

  • Our short-term mindset rules. Your company focuses on getting results next quarter, as your shareholders demand profits today. In this way money and resources are dedicated to sales & marketing, instead of innovation.

10 Ways to reduce the innovation failure rate

Although there are no easy solutions, there are ways to improve the effectiveness of innovation in your company or for your clients. I love to share with you ten actions to reduce the failure rate of innovation.

  1. Create momentum for your innovation project at the start….

Here is not the end..to view full blog about 10 Ways to Reduce the Innovation Failure Rate visit Innovation Management. Also have a look on our latest articles and our various programs of Online Learning Innovation Programs and Innovation Process.

 

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