Thursday, November 19, 2015

The Recipe for Innovation Proficiency
Rita Mcgrath Newsletter

Sound familiar to the MDG fans

Here is a list of the ingredients needed for the recipe:
An appropriate governance and funding mechanism.
A balanced portfolio across different levels of uncertainty.
A mechanism to identify and test assumptions, at the absolute lowest cost.
The ability to stop or redirect ventures .
The ability to learn from intelligent failures.
And, essentially, these three competences:
1. Ideation (getting good ideas)
2. Incubation (nurturing them into an actual business concept) and
3. Acceleration (bringing them to market with the mainstream business)