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THE EIGHT ESSENTIALS OF INNOVATION Eight_essentials_1536x1536_Original…
THE EIGHT ESSENTIALS OF INNOVATION
ASPIRE
Refers to raising a goal of innovation for the growth of the company
turn into
Must be involved for all employees, this way they will work through cascade to the business units
consolidate
Strategic plans
example
CHOOSE
It can be difficult for companies to choose because they do not know which support
warning
Innovation is risky
When
The process should change
Dangerous
overloading their innovation pipelines
Because
1 more item...
DISCOVER
Innovation also requires actionable and differentiated insights
Ideas Analysis
Solve problems 2.Technology to give solution 3. Business Model
Business development
Iterative discovery and use of prototypes
EVOLVE
The use of innovation makes changing the value chain and diversifying the profit flow
For example
Established companies must reinvent their businesses before technology-driven upstarts do.
When it doesn't happen
is that most big companies are reluctant to risk tampering with their core business model until it’s visibly under threat
Example
