Innovation is the main catalyst behind most great corporate success and development. Along with providing for a better organisational culture, innovation improves efficiency, productivity, quality and competitiveness. Nonetheless, companies frequently fail to build and maintain their innovation capacities. Why is this happening? The reason is twofold – a lack of an innovation strategy and failure to execute. To fix this, enterprises must devote due time and effort to strengthening their corporate innovation programs and processes.
The best way to achieve this? Reliable software that supports, accelerates and advances sustained innovation practices.
The increasing emphasis on the value of innovation goes side by side with the evolution in corporate innovation models and strategies. These focus on people-powered innovation i.e. the shift in the number of people involved in the innovation process from the domain of the few to the domain of the many.