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Innovation Under the Radar: Fast, Cheap and High Impact
Cutter Consortium, Jan 2010, Pages: 6
It's no secret that these are tough times. Yet the need to develop new products, solve tough R&D problems, creatively improve customer service and reengineer business processes has never been greater.
The tension between spending money to innovate and improve and the absolute requirement to cut costs to survive and remain competitive is electric.
In the fast-moving brief Innovation Under the Radar: Fast, Cheap and High Impact, Cutter Fellow Steve Andriole brings his experience as a CTO to bear to help you focus on the innovation projects you can actually make happen - initiatives that are fast, cheap, and likely to have huge payoffs.
This brief looks at 5 ways to accelerate affordable innovation:
1. BPM initiatives that are neither time-consuming nor expensive.
2. Expanding your team (without expanding your team).
3. Create metrics that motivate the troops to innovate.
4. Leverage social media as poor man's marketing, customer service and innovation.
5. Using talent development as a 'force multiplier.'
Plus, you'll benefit from Steve's 5-pronged approach to setting parameters for your innovation programs: incentives, governance, funding, initiatives and assessment.
Find out how you can take advantage of relatively low-cost, low-risk innovation investments that can pay off in high-impact opportunities.
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