Author Archives: Jesse Nieminen

Why Do So Many Innovation Programs Fail?

Whenever we talk to executives and ask how their past innovation efforts have succeeded, we usually get quite a muted response. Most have tried at least some innovation initiatives or programs, and many have had positive experiences from some of them, but overall the end result often seems to be a bit of a disappointment. These executives aren’t alone. According ...

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Innovation is the Means, Not an End in Itself

Innovation is like choosing the right tool

Innovation is all the rage, and for good reason. The most successful innovators outperform other companies by a wide margin. For example, according to the 2018 Global Innovation 1000 study, the sales growth of top innovators was 2.6 times and the operating income growth 2.5 times that of the average of the companies in the study. Even more startling is ...

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Top-down or bottom-up – How do you start building an innovative culture?

When we ask innovation leaders why they haven’t been able to reach their innovation goals, probably the single most common explanation is their company culture. As we all know, company culture is such an all-encompassing concept made up of so many different elements that changing it is extremely hard. Innovation leaders are often put in a very challenging position. They’re ...

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The Leadership Gap in Innovation

the leadership gap

A vast majority of executives, more than 80% according to sources, consider innovation to be paramount for the future success of their organization. Yet, very few of them are succeeding in it. A McKinsey study, for example, puts the number of executives who are satisfied with their innovation performance at 6%. There’s clearly a huge gap between expectations and actual ...

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