Measuring Innovation Success in the Enterprise

Large enterprises are rapidly adopting innovation as a necessary tool to react to competitive pressures, capture new business opportunities or to streamline their operations. Many are creating structured innovation programs aimed at exploring major transformations in their business models. Others are using innovation as an incubator of ideas to target their specific business challenges or objectives.

Elements of an Innovation Challenge

I recently participated in an insightful session which focused on the essential elements of an innovation challenge. An innovation challenge is the statement and criteria which drive an innovation effort. It turns out that, without a well-constructed challenge, one which takes into consideration all of the dynamics of the requirement, the innovation results produced, if