Tag Archives: innovation pitfalls
Innovation pitfalls
Innovation is the main reason why business succeed. Why? Because innovation means change and if you embrace change, there’s more chance your competition will become obsolete. But innovation has many pitfalls. The main three are: 1. Risk. Innovators must embrace risk. One has to take the decision not having all the cards in his hands. […]
Innovation pitfalls
The innovation pathway hides many pitfalls. Here is choice of actions or omissions which will guarantee “The Poor Innovation Management Prize”: Do not communicate with employees about innovation objectives, goals, etc. Make clear to staff that innovation is the task of R&D only and everyone else should just ‘work’…and not think! Give R&D even more money! […]
Product Strategy 101 