Innovation Management

Sunday, December 28, 2008 at 08:15PM
Grant Crossley in Innovation, Strategy, Success, creative leadership, creativity, management, network, research

Strategies for success and leadership

In the Innovation Management Study 2008, A.T. Kearney analyzes the qualities and practices of successful innovation, and also recognizes companies that demonstrate mastery of innovation. The study expands on A.T. Kearney’s European Best Innovator Competition, including more than 250 companies worldwide, from across industries.

Our study finds that the most successful innovators:

• Have a clear focus on a robust innovation strategy and invest three times more effort on the front end of the innovation process
• Open the innovation process to include parties outside the company, such as suppliers, customers, academia, etc.

 

These findings and others suggest important issues for companies:

• Do you have the right strategy and supporting network?
• How do you ensure that your partners create the right ideas?
• Are you effectively leveraging your partners’ ideas?
• How can you better work with partners to be first to market?

Read about the study's findings:
Innovation Management: Strategies for success and leadership

Learn more about A.T. Kearney’s European Best Innovator Competition:
Profitable Growth through Innovation

Read the press release for the study.

Contact
For more information, contact:

• North America: Joachim Ebert
• Europe: Kai Engel

 

About the study
A.T. Kearney’s Innovation Management Study used several criteria to identify leaders in innovation management. Criteria included an assessment of companies’ practices compared with best practices in innovation identified by A.T. Kearney’s experience with leading innovation management companies throughout Europe and North America. The best-practice evaluation was augmented with a quantitative assessment of companies’ speed to market of innovation and the percentage of revenue driven by products released in the last 12 months.

Article originally appeared on The Creative Leadership Forum - Collaborate - Create - Commercialise & Transformational Change (http://thecreativeleadershipforum.com/).