MANAGING in the

NEW WORLD

Contrary to the popular perception, incubating innovations is more than merely dependent upon having a fat business research and development budget. There are three distinct capabilities embedded in it. These are popularly considered as the DIA or Discovery, Incubation and Acceleration. One needs to think of the bigger picture, before embarking upon any innovation journey. Capacity building too needs to be internally ensured so the team can work towards the incubation and acceleration stages. Thorough corporate training needs to be facilitated in order to develop this internal capacity. It has been widely understood, that improved innovation efforts, largely tend to deliver positive impact for the practicing company over a sustained period of time.

Source:https://hbr.org/2019/12/real-innovation-requires-more-than-an-rd-budget?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM60254

Uploaded Date:06 January 2020

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