Innovation is the primary engine of growth for many companies, but the journey from concept to market launch is fraught with challenges. Many organizations struggle to turn promising ideas into successful products or services. From resource allocation to market alignment, the road to innovation is paved with obstacles.
Implementing a defined stage-gate process tailored to your company goals and available resources is the first step to improving outcomes, providing structure and clarity throughout the development cycle. But even within a defined process, there are common challenges that tend to crop up, no matter your industry.
In the booklet below are ten deadly predators that just might be lurking within your innovation ecosystem. Upfront awareness of these challenges, and team communications throughout the process can help innovation leaders easily preempt these issues and help keep their innovation pipelines humming!
What have you found to be the most common challenges in your innovation process?