Thursday, November 19, 2015


The Recipe for Innovation Proficiency
Rita Mcgrath Newsletter
newsletter@ritamcgrath.com

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)


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