If you are lacking in the above areas, innovation is most likely to happen by chance and its benefits will be limited. Another way to look at innovation is taking these three areas in order. The culture is the foundation for innovation, followed by the design of your organization the framework for innovation or strategy is the internal engine to develop innovation.
Realizing the fullest potential of your innovation is a separate topic. It’s called marketing and most organizations don’t link the two together. I will….next month!