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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Becoming Organized – Decide on governance and roles in idea generation, research, decision making, analysis, etc. For larger companies or those who are unfamiliar with the process, utilizing an innovation management system as part of your innovation strategy may be ideal to assist you in establishing a thorough and consistent process.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Becoming Organized – Decide on governance and roles in idea generation, research, decision making, analysis, etc. For larger companies or those who are unfamiliar with the process, utilizing an innovation management system as part of your innovation strategy may be ideal to assist you in establishing a thorough and consistent process.

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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.