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Author: Stephanie Creech

[vc_row][vc_column][vc_column_text]If your organization is focused on adjacent, incremental or breakthrough technologies you will need a strong scouting team to get the work done. It all begins with budget planning and understanding your market. From there you can make the right decisions on the people, process and technology needed to succeed and ensure that the go to market is a success. In the Harvard Business Review article, Managing Your Innovation Portfolio, the data revealed that companies that allocated about 70% of their innovation activity to core initiatives, 20% to adjacent ones, and 10% to transformational ones outperformed their peers, typically realizing a P/E premium of 10% to 20%.[/vc_column_text][vc_empty_space][vc_column_text] 1. Hire a Dedicated Scouting Team: # of team members (2-5 people)   Building a scouting team requires a staff including a Product Manager/Portfolio Analyst, Innovation Manager, and a research team to perform the scouting functions needed to support the effort. We have researched these roles...

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[vc_row][vc_column][vc_column_text]At Ezassi, we work with global innovation leaders who all are constantly grappling with the same big question: where do innovative ideas come from? While there is no definitive answer that can be applied across the board to all businesses and industries, exploring this question helps to shape strategies and find the right balance between fostering internal innovation and investing in open innovation. Simply pursing this question helps companies remain focused on being adaptive and progressive and avoid becoming static in a dynamic business environment. Innovation is more than just a buzzword, but it does have the tendency to feel like an abstract concept that lacks concrete boundaries that can be easily defined. Most businesses recognize that innovation is essential to remaining competitive, but aren’t sure where to begin. The feeling that there are too many choices can stall progress, especially when leaders fear making the wrong decision.   Where Do Innovative Ideas...

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