Why Internal Innovation Projects Fail

Harvard research shows that 70-90% of efforts to foster internal innovation and intrapreneurship FAIL in large companies. It’s a staggering statistic when you consider that CEOs of major companies rank innovation as a top 5 strategic priority.

The answer to all this failure stems from a very human problem, NOT a technological one.

QUESTION: Why internal innovation fails in large companies?
ANSWER: Time and Resources

Not earth-shattering, but true. It’s the allocation of those finite resources that matter. Often innovation or these types of projects are an add-on to an employee’s “day job”. No wonder most fail.

We tackled this research-based problem, offered best practices and action steps to help solve this BIG problem. Watch our free webinar to discover 7 Secrets to Unleashing Internal Innovation.

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K. Melissa Kennedy

Chief Innovation Officer, Founder, Intrapreneur. Entrepreneur. Enthusiastic leader and speaker. Teller of truths at 48 Innovate
I spent many years working for and building successful companies. I parlayed that experience into a unique process for harnessing hidden assets inside organizations and turning them into big-idea-generating, $1-billion-revenue-producing resources. (Spoiler alert: it’s the people.) I'm an internationally acclaimed expert, happy to share the not-so-secrets that have led to impressive outcomes for Fortune 100 corporations, major educational institutions, start-up companies and entrepreneurs. Working with companies like Cisco, Lancope, Arby's, Capitol Broadcasting Company New Media - WRAL, PRSONAS, Cranfill Sumner & Hartzog, REVO Communications, Erno Group, Focus Carolina, Madan Global, UNC Lineberger Comprehensive Cancer Center, INZONE Brands, Albright Digital, Spring Metrics and NC State Kenan Fellows.

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