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Drivers of Innovation, Part III: The Right Systems

Drivers of Innovation, Part III: The Right Systems

Innovation starts with the right mindset and is amplified by the right culture, as we discussed in our earlier posts. In this post, we’ll take a look at the third and final driver of innovation: the systems that tie everything together. To quickly review, the right mindset refers to the vision, mission, or fundamental sense of purpose that motivates and guides the organization. The company...

Drivers of Innovation, Part II: The Right Culture

Drivers of Innovation, Part II: The Right Culture

As we noted in Part I of this series, innovation starts with the right mindset. But an innovation mindset alone is not enough. It must be embodied in and inform another critical driver of innovation: the right culture. As described in our report, The New Product Innovation Paradigm: Evolving Products to Platforms in a Changing World, an organization’s culture consists of the explicit and...

Drivers of Innovation, Part I: The Right Mindset

Drivers of Innovation, Part I: The Right Mindset

Our recent report—The New Product Innovation Paradigm: Evolving Products to Platforms in a Changing World—identified the key elements that have enabled companies to innovate in a complex, ever-changing marketplace. In this report, we also spelled out the processes, tools, and marketing strategies critical to sustaining innovation over the long term. Given the new challenges posed by the global...