Topics: Jay Terwilliger, Vijay Govindarajan, Learning From Failure, Innovation, creative problem solving, Innovation Metrics, breakthrough innovation, criteria for innovation, approximate thinking, developmental thinking
In this HBR Blog, created by Jay F. Terwilliger with partner Mark H. Sebell and Vijay Govindarajan, this simple framework is used to determine the success of an innovative effort. It takes corporate will, a marketplace, and strategic competencies to succeed. In other words, successful innovation requires motive, means, and opportunity. Innovation efforts fail anytime they fail to deliver on all three of these domains strongly enough.
Topics: Mark Sebell, Jay Terwilliger, Vijay Govindarajan, Learning From Failure, Innovation, Innovation, Cross Functional Teams, Pursuit of Ideas, strategic innovation, growth, new product development