What determines corporate innovation?

by SMEBOOK (admin) ยท March 1, 2020

When considering corporate innovation, organisations must work around these three aspects:

  1. 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.
  2. 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.
  3. Innovation capabilities: Involves analysing what innovation capabilities are most critical in this digital era and how they can support the innovation initiatives.
What determines corporate innovation?

Share it on social networks: