Diversity Is Vital for Innovation—But Does Not Guarantee a Win
The clear correlation between diversity and innovation will not guarantee success on its own. In his LinkedIn blog, BCG's Alan Iny explains why existing ways of thinking and current expectations will also need to be challenged.
Smart companies use IP as both an offensive and a defensive weapon. Hundreds of millions—if not billions—of dollars can be at stake, and organizations need to up their IP game to protect that investment.
The classic product development process isn't the only way to innovate. Executives are now exploring incubators, accelerators, partnerships, and corporate venture capital to complement their traditional innovation efforts.