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These companies have hardwired innovation into their framework and have ingrained innovation into their organization’s culture, but how exactly do you define a ‘culture of innovation’? However, providing a formal process alone won’t create a culture of innovation – management must still be the driver.
2 Of course Blockbuster’s reluctance to move to a digital model was Netflix’s gain, in 2020 the streaming giant achieved a total net income of $2.76 Organizations that develop strategies to innovate put themselves in a far greater position to generate revenue growth than those that don’t. 9 The result? Amazon Prime.
2 Of course Blockbuster’s reluctance to move to a digital model was Netflix’s gain, in 2020 the streaming giant achieved a total net income of $2.76 Organizations that develop strategies to innovate put themselves in a far greater position to generate revenue growth than those that don’t.
In addition, it is necessary to advance in a culture of innovation: it is fundamental that public managers are open to the benefits brought by the digital transformation and that entrepreneurs of startups perceive this openness and start to invest more and more in specific solutions for governments.
These companies have hardwired innovation into their framework and have ingrained innovation into their organization’s culture, but how exactly do you define a ‘culture of innovation’? However, providing a formal process alone won’t create a culture of innovation – management must still be the driver.
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