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9 ways to ensure continuous innovation

9 ways to ensure continuous innovation


The technology sector is synonymous with innovation, but there are many one-hit wonders and only a few organizations that have mastered the art and science. We've found that there are many differences between those who constantly innovate and those who don't, where simple things can make a big difference.

Only a few companies understand the business value of an entire portfolio of innovations when bringing advanced concepts to market, says Trevor Anulewicz, vice president of strategy at NTT Data's Accelerator Launch. [C]Companies struggle to scale innovation and calculate value and ROI. Scaling, justifying and securing funding, and hiring the right talent to keep doing this iteratively requires a deep understanding of his ROI at the program level.

When companies define ROI, they can understand what type of innovator and company they want to be. You can also determine where you are in the innovation process and establish a repeatable system for successfully bringing new ideas to market year after year.

In today's competitive environment, companies have no choice but to evolve and improve. Organizations need a framework for continuous innovation. [them] You can generate and evaluate breakthrough ideas and quickly prototype, test, and scale promising concepts, Anulewicz says.

Frameworks can also help you identify blind spots, weak systems, and strategic errors that are holding your organization back.

Maturity is what most large companies need to maintain innovation, Anulewicz says. Making it part of the fabric of the culture is how companies succeed in the long term.

Here are some more points to help businesses avoid pitfalls:




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