Final words Innovation is a continuous journey, not a one-time act of ideation. Entrepreneurs must embed innovation into their organizational DNA to survive in today’s competitive business milieu.

This systematic approach helps companies move beyond innovation theater to create actual business value. The framework pushes organizations to: Document failure as a corporate asset.

On the surface, putting ‘innovation’ and ‘process’ together seems oxymoronic. Process conjures boundaries; innovation, some say, is best fostered in unfettered environments.

In a study of 2000 product innovation projects, Robert G. Cooper identified that working in true cross-functional teams was the 5th top innovation success factor. 5.

A four-action framework for blue-ocean innovation Harvey Schachter Special to The Globe and Mail Published October 9, 2017 ...

Building an Innovation Ecosystem As these groups matured, Progressive’s leadership saw a need for a cohesive innovation framework. By merging BIG, Edison, and the Action Factory, they ...

The fact that two state governments have adopted it officially, and that it has been used in over 19 million instances, makes ...

Unlike ad hoc innovation, which depends on unstructured processes or serendipity and often leads to misses, an innovation framework ensures that all ideas are systematically pursued.