Startup companies in particular have the critical task of ensuring their product launches are successful, because the alternative can mean that the company itself ultimately fails. The problem is that while many startups believe their new products will change the world, they fail to deliver. A successful launch hinges on creating a foundation for success […]
Monetizing Innovation (Part 2): The Right Team Counts Even in a Large Organization
For entrepreneurial activities, those with experience investing their own money in a company know that the organization’s team matters, as discussed in a previous IOI Partners article. This is no less true when undertaking intrapreneurial activities to tackle innovation within a large organization. The focus here is on innovations requiring significantly new activities for the […]
Monetizing Innovation: The Right Team Counts
When starting a business or pursuing an innovation initiative, a critical component of success is having a great team. In fact, this may be the single most important factor and by itself, often determines whether a given initiative will be successful. Unfortunately, the evaluation of a team’s effectiveness is often done after an initiative is […]
Improving Innovation Effectiveness: Adopt an Investor’s Mentality
Why do so many innovation initiatives fail to live up to expectations? Were the expectations unreasonable or was it simply irrational exuberance? In the world of early stage investing, every entrepreneur pitching a business plan has their version of the infamous hockey stick growth model. In reality, hockey stick growth is as elusive as the […]
Delivering Success in Strategic Planning: Talent Management
Over the past few weeks we’ve discussed various aspects of strategic planning, including clearly identifying the target market segment, focusing on what your company needs to do to win, establishing measures of success, and implementing management processes to develop, drive, and monitor action plans. Now, let’s turn our attention to the most important part of […]
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