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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