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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Businesses are making statements about their plans for the future however, as the organization grows, they are failing to examine how well their company’s structure, culture, and practices support their claims. When it comes to innovation, organizations often use KPIs, ROIs and other metrics to base their decision-making.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Businesses are making statements about their plans for the future however, as the organization grows, they are failing to examine how well their company’s structure, culture, and practices support their claims. When it comes to innovation, organizations often use KPIs, ROIs and other metrics to base their decision-making.

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Scaling-Up: The Foundation

Integrative Innovation

Secondly, and much more important: Every Playing Field requires a distinct innovation operating model. Many companies have already recognized that Playing Fields 1 and 3 need their own and distinct operating models (comprising e.g. dedicated governance, funding, methodology, processes, culture, leadership, etc.) to be effective.