Innovation is all about learning, changing, being agile and trying new things. Keeping people engaged in innovation is hard work. You have to plan a steady stream of creative innovation activities to get actionable feedback, involve a diverse group of participants, and keep things fresh to generate consistent results.
In any industry, particularly in the technology sectors, Research and Development is an essential component and a key factor in developing lasting competitive advantages.
You can segment your innovation activities into the following three segments:
- COMPETITIONS: Innovation activities focused on identifying high value business opportunities