Innovation is the systematic practice of developing and marketing new products, services, processes, and business models for customers.

Successful innovation increases value and drives growth. However, getting innovation right can be challenging.  Over 80 percent of execut...

An innovation portfolio is a thoughtfully curated collection of potential initiatives, with clear aspirations and resources defined for each.

The portfolio will help to find new opportunities and determine the appropriate number of initiatives, including:

• Confirm...

• Look at innovation-driven net new growth, called the "green box." The green box looks at growth from innovation alone. It defines the value that a company creates from innovation, on a defined timeline, with quantifiable metrics. Once defined, the growth aspiration can be ca...

Innovation is a team sport and consists of ten traits that fall into four main categories:

1. Vision - the ability to spot opportunities and inspire others to go after them.
2. Collaboration focuses on fostering effective teamwork and change manageme...

Research shows eight critical elements organisations should master for superior innovation performance. 

1. Aspire: Viewing innovation-led growth as critical.
2. Choose: Investing in a coherent, time- and risk-balanced portfolio of i...

• Mercedes-Benz Group invested extensively in digitizing its product development system, shortening its innovation cycles, improving its ability to personalise cars and increasing assembly efficiency by 25 percent.
• The information services organization RELX Gro...

Steps to help aspiring innovators get started:

• Hold collision sessions. Teams consider unmet customer needs, technology trends, and business models and bring creativity and specificity to idea generation. Then a panel evaluates the ideas and prioritise...