What determines corporate innovation?
by SMEBOOK (admin) · March 1, 2020
When considering corporate innovation, organisations must work around these three aspects:
- Innovation Architecture: This involves the innovation teams to access the potential of their core assets/ capabilities, exploring new business opportunities and creating the best balance between the two.
- Innovation Sources: Finding out the best way to source this innovation- from within the organisation like the in-house R&D Team or outsourcing the same like an external technology vendor.
- Innovation capabilities: Involves analysing what innovation capabilities are most critical in this digital era and how they can support the innovation initiatives.
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