Can innovation be taught? An insight into training a tiger team
Nurturing and utilising innovation is about understanding opportunity, being creative and ultimately delivering new products and services that grow a company's top line. Here, Dan Edwards discusses training a tiger-team to perform this task.
Breakthrough innovation is essential in the small technology industry, but often seen as a complex and daunting task in this highly regulated, increasingly cost-sensitive market. Today, new products likely meet twin challenges; they must prove real value in a cost-effective manner.
For the last five years or so, it has been very common to hear CEOs name 'innovation' as a top-of-mind priority for their companies. Numerous statistics generated by industry and technology management and innovation consultants establish the positive link between a company's ability to innovate and shareholder return. Within the last three years, however, it has become clear that while many senior managers have acknowledged the innovation imperative, many organisations are struggling to actually raise their game. Many are asking 'can innovation be taught?'