Capturing innovation opportunities requires crafting decision-making processes and working in dual learning modes, with phases – or “stages” – of intensive and focused development and experimentation combined with moments – or “gates” – of questioning and prioritization.
Steering innovation projects and teams requires combining the discipline of focused project portfolio and clear management commitments with an environment that fosters leadership, risk-taking and experimentation.
Crossing the gap between a fuzzy innovation idea and sizeable value creation requires dedicated resources and capabilities, both to explore and frame selected potential opportunities and to exploit and scale up potential new businesses. Innovation is real work, requiring significant and specific time and resources.
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Learning while delivering: crafting the right decision process
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From fuzzy front end to value creation: crossing the gap
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(c) Prof. Benoit Gailly, Louvain School of Management