“Innovation distinguishes between a leader and a follower.’” – Steve Jobs
Whether it’s creating an entirely new product category, like Uber, or a fresh new service like Amazon Prime, innovation is a key component for business success.
An innovative approach to problem solving, product creation and operations help companies to disrupt, lead, stay competitive, create whole new sectors and spot lucrative opportunities.
But while being innovative is essential for businesses, it’s also very difficult to achieve.
A 2013 study from Accenture showed that out of 519 executives in the U.S., U.K. and France, less than one out of every five believed their company’s investments in innovation were paying off.
Innovation is a complex puzzle for which are there many pieces and each company needs to develop their own approach. Here’s a look at some pieces to help ensure that innovation becomes a core part of your company.
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