The eight essentials of innovation

Ramesha Perera
Tue 04 Jun

It’s no secret innovation is a complex endeavor that is difficult for companies to implement successfully and like anything there’s no proven formula for success, particularly when it comes to innovation.

While the existence of a causal relationship between the bellow attributes and improved innovation outcomes, it's essentail for companies to assimilate and apply them in accordance with their particular context, capabilities, organizational culture, and appetite for risk—to improve the likelihood of rekindling the lost spark of innovation to innovate successfully. 

 

 

For a detailed explanation on each attribute check out McKinsey.com