Change Implementation Techniques for Forming Transitional Team, Creating Alignment, Maximizing Connectedness and Creativity

Innovation as a Core Competency

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Innovation gives its organisation a competitive edge, ie

"...Analysis indicates that those companies that generate 80 percent or more of their turnover from products and services which are less than five years old, have at least doubled their market capitalisation. By comparison, those that produced 20 percent or less of new products have remained stable or declined over the same five year period..."

from PricewaterhouseCoopers, Innovation and Growth, etc as quoted by Stephen Giugni, 2006

Furthermore,

"...every organisation - not just businesses - needs to have one core competence: innovation......and......needs a way to record and appraise its innovative performance..."

Peter Drucker, 2001

This involves a careful record of innovations in the entire field (not just in the organisation) during a given period

 

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