“One of the highest return investments any company can make is in an exploration practice.”
Innovators and explorers…you may want a formula but it’s about a menu http://t.co/s9zQsURFQW@boadams1
In studying more than 2,000 companies, the World Database of Innovation Initiative (WDI) has discovered that many of the highest-growth companies share one peculiarity: They invest in someone or something exploring the edge of human ability
An explorer, on the other hand, envisions the endpoint, assumes it is possible, and then figures out how to get there.
making a simple but profound shift from a “Can we do this?” to “How will we do this?”
In fact, the only two things risky about investing in innovation are treating it like a pipeline–or not doing it at all.
One of the highest return investments any company can make is in an exploration practice. While you may want a formula, the five approaches here are simply a menu.