Innovation Ecosystems

Planning and Building Innovation Ecosystems

When planning and building an innovation ecosystem, many variables and points of contact need to be considered within companies.

A clear roadmap must be formulated from the beginning, based on individual needs, resources, and goals. To formulate an innovation management strategy, certain questions are asked to guide and assist the process. The first questions you must ask are surrounding current initiatives and programs in the company. Find out who is responsible for innovation management, the tools and solutions already in use, and what type of data is currently collected.
By considering the corporate goal and long-term road map for an innovation ecosystem, companies can then consider who will be involved in this process and the motivation for their participation.
When implementing an innovation ecosystem, a company should aim for long-term success. Consider how results will be made visible and what area the company wants to expand in the future.

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