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Innovation
Barriers to Innovation
In the 2007 Boston Consulting Group survey of global innovation, two-thirds of the senior managers interviewed listed Innovation as one of their top three strategic priorities, yet more than half said they were dissatisfied with the financial returns on their investments. The BCG report lists four large stumbling blocks to successful innovation:
Innovation:
In the 2007 Boston Consulting Group survey of global innovation, two-thirds of the senior managers interviewed listed Innovation as one of their top three strategic priorities, yet more than half said they were dissatisfied with the financial returns on their investments. The BCG report lists four large stumbling blocks to successful innovation:
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A risk-averse corporate culture
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Lengthy product development times
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A lack of internal coordination
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Difficulty in selecting the right products to commercialize
Innovation:
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