The Reality of Innovation Unzipped - An investigation in middle Market Australia8

Deloitte have recently released a new report entitled "The Reality of Innovation Unzipped" which is an investigation into innovation in middle market Australia. The report was compiled inconjunction with the Australian Business Foundation, an independent business research think tank and includes more than 50 case studies of middle market Australian companies that are considered innovative operations. The report identified implementation of innovation as the main concern and the two biggest issues surrounding successful implementation - how to acquire the right skills to convert innovative ideas into business and how to speed up return on investment.The investigation identified seven major insights. Innovation energises business growth and creates value. Innovation fosters imaginative business models. Innovation needs partners. Disciplined innovation contributes to comparative outcomes. Innovation motivates people. One size does not fit all. Innovation is multi-faceted, complex and must be repeatable.

There have been several reports from the Business Council of Australia that have covered this topic. However, this is the first report to deal with the middle market in Australia and offers some excellent insights.Click here to get the report in full.