Innovation Q&A

Innovation Q&A

Send us your question regarding innovation and we'll provide an answer. Please keep in mind that innovation can apply: 1) externally to a new or unique product or service, and 2) internally on improving operational components such as processes, people, and technologies.

About Inovayshin

Companies of all sizes and industries have challenges when it comes to innovation. In response, we’ve created an innovation services firm that applies proven Innovation Alignment and other methods to help those companies improve and sustain their ability to innovate. Our solutions include the one-day Innovation Alignment Studio, Innovation Strategy & Roadmap, Innovation Roadmap Implementation, and Managed Innovation Solutions. To learn more, visit us at inovayshin.com. Entrepreneurs and business executives, be sure to check out our “Be Inspired” page for ideas that could trigger your next product or service innovation.

Ramona Benjamin

♦Disruptor♦Innovator♦CFO♦COO♦ ♦CompanyTransformations♦Investor Relations♦ ✔Affordable Family Wealth Strategies

6y

John K. Moore great content thank you for sharing! Should Innovation be built into a company's mission statement?

Bernard Kirk

President and CEO at Kirk International

6y

It has been said that companies benefit when they invite an experienced and professional consulting group who are outsiders to that business, take a look at the business and suggest innovative changes. What would be the advantage over doing this internally?

Marty Rasmussen

CEO & Executive Business Coach: Transforming the trajectory of results for greater success so business owners can work less, make more and have fun again.

6y

Great topic! My first question is similar to "culture", but more specifically, how can a CEO drive the concept of innovation throughout the entire organization so everyone is aligned on the company definition? Secondly, are there ways to include innovation in the hiring process and employee performance management (being measured, rewarded, etc.)?

Katya Borisova

Real Estate Professional, Investor and Real Estate Appraiser, Arizona - MBA, CRA, MNAA

6y

John, thank you for starting that Q&A: 1. How can a company measure the ROI from innovation efforts? 2. How can a company evaluate and make an educated decision what area of the business should be the first to focus on? (operational experience, talent/hiring, product, etc.)? 3. How can an organization build a culture around innovation - what are the key criteria and how can it be executed? Appreciate your guidance,

Bill Taysom

Full Stack Marketing Executive | Business Strategy | Marketing Strategy | Digital Marketing | Content Strategy | Brand Strategy | Lead Generation | Communications | Analytics & Reporting | AI

6y

How do you define innovation and why should companies care about it?

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