Buzz about Innovation !!! What’s your InnovationStrategy? | 2 Ways to Grow your Business

The buzz about Innovation and its ability to disrupt is everywhere. Innovation is cited as the mantra that will help organizations deal with ever-increasing customer expectations, help reduce costs, or rise above competition. In today’s world when innovation S-curve has shrunk considerably and pace of technology advancements has significantly accelerated, dealing with innovation is not a one-time affair. Transformation is no longer a destination, it has become a continuous journey. The CXOs of today are required to not only run their ongoing businesses profitably, they have to regularly evaluate new ideas to determine what they can use for their benefit and have to keep looking at the horizon to see any emerging threats of disruption. Dealing with Innovation successfully, requires that it is strategically handled and governed.
1. Make Innovation a key ingredient of Business and IT strategy
In my conversations with CXOs I find that the desire to innovate is generally strong but only a few organizations have a well-defined Innovation strategy. The Business and IT strategies along with plans for Digital Transformation……
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