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They shared how the program has evolved, built on its early successes, and achieved new milestones while continuing to foster a culture of innovation across the organization. With innovation as a key priority, the firm had already begun harnessing the power of its new EUREKA! -based EDGE team, which runs the EUREKA!
Not just managing, but mastering the art and science of innovation, effectively ensuring a continuous and cost-effective approach to value creation and realization. In fact, according to Forrester , organizations with a future-fit strategy—one underpinned by systematic innovation—grew revenue 1.8 times faster than their counterparts.
In our two decades of collaboration with diverse organizations, we’ve observed shared characteristics that distinguish highly successful innovators from those contending with these obstacles. Executives use scenario planning to “future-test” their strategies, identify potential risks and opportunities, and promote a culture of innovation.
Mark your calendar; 2024 is the year when Innovation Management takes a giant leap forward with the introduction of ISO 56001. This long-anticipated standard is set to revolutionize how organizations conceive and bring innovations to market. Instead, it’s a framework designed to enhance the innovation process.
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