Increasing Innovation Impact in the Enterprise – IM

Another article from VisionMine CEO Coley Brown on how to increase innovation in the enterprise.

Why is there such a large gap between the need to innovate and the ability of organizations to actually innovate successfully? Executives tell us that – the problem is not a lack of innovative ideas, but rather an inability to transform the best of these ideas into bottom-line results.Innovation Management blog

Leveraging these “intrapreneurs” is the key to selecting, developing and executing the innovative ideas, products and technologies that generate bottom-line growth.

Many organizations have responded to this “innovation gap” by purchasing outside companies to acquire innovations and technologies that have proven results. Acquisition has its merits, but often comes with its own set of costs and hurdles. In our experience, large organizations can successfully drive innovation internally, but it must be tied to finding and empowering their internal entrepreneurs. Leveraging these “intrapreneurs” is the key to selecting, developing and executing the innovative ideas, products and technologies that generate bottom-line growth.

Read the article