Daily Archives: 05/04/2019

Creating an Innovation Culture

Creating an Innovation Culture Innovation is the lifeblood of entrepreneurship. Research by McKinsey revealed that 94% of surveyed executives were dissatisfied with their companys innovative performance. A latest landmark study from Cambridge University discovered that innovation success is mainly dependent on corporate culture. Process, star hires, IT, collaboration tools, R&D spending, budget, and team education…

Innovation and Idea Management

Innovation and Idea Management Solution Creativity can be defined as problem identification and idea generation while innovation can be defined as idea selection, development and commercialisation. There are other useful definitions in this field, for instance, creativity can be defined as composed of a number of ideas, a number of different ideas and a number…