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Sustained Innovation Benefits
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Small to Medium Enterprises
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Business Agility
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Sustained Innovation
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Video:
Disruptive vs. Sustainable Innovation
Research Paper:
An Innovation Model
Journal:
Innovation Beyond Ideas
Sustained Innovation Benefits
A foundation for long term success can be achieved through enduring performance and growth by converging the management of business and technology.
Strategic Benefits
Improved strategic planning, business leadership and management capability to support relentless execution
Creative thinking and creative problem solving that can support rapid idea generation and diffusion across the enterprise
Rapid development of new and improved products, processes or services that cultivate customer intimacy and build service dependency
Higher productivity, performance and growth through collaboration and the capture and adoption of new learning practices
New business models that aid in the differentiation of an organization's core offerings from that of its competitors
Operational Benefits
Improved operational and financial controls and the efficient allocation of human resources in support of corporate objectives
Adoption of enabling technologies that utilize knowledge-based processes to cultivate and replicate innovative practices across the enterprise
Automation of transactions and work processes and workforce empowerment, generating higher productivity and efficiency
Transparency of management information and the creation of early warning systems that the mitigate risks associated with major business change
Business readiness and communication plans that aid stakeholders in the cultural change initiatives associated with innovation
Financial Benefits
Stage 1: Improved Enterprise Visibility
– 4 to 6% average Annual Revenue Growth From Initial Visibility
Stage 2: Streamlined Commercialization
– 7 to 9% average higher Annual Revenue Growth From Streamline Commercialization
Stage 3: Sustained Innovation & Growth
– 10 to 12% average higher Annual Revenue Growth From Innovation & Growth
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