by SmartOrg | Feb 10, 2021 | Innovation Management
Opportunity Cost Cost of opportunity = the resources required to pursue a selected opportunity. Opportunity cost = the foregone value of the opportunities you did not select. When innovation projects are funded, they are still often neglected in favor of other...
by David Matheson | Feb 3, 2021 | Innovation Management, Strategic Portfolio Management
Dialogue to Drive New Growth If resources were unlimited, Innovation (R&D and New Product Development) and Finance would never be in conflict: every idea would be fully funded and staffed. In a resource-constrained world, Innovation and Finance often work at...
by David Matheson | Nov 12, 2020 | Innovation Management, ValuePoint™
The Paradox Innovation is important. The problem is it isn’t very effective. At a recent event, my colleague, Ralph Morales III, polled the audience on the importance and effectiveness of innovation, and a paradox emerged: innovation is important but ineffective. ...
by David Matheson | Sep 30, 2020 | Innovation Management
When making decisions in organizations, we waste a lot of time chasing things that don’t matter. Sometimes, we even get into shouting matches over what’s most important. To make matters worse, we can often get into analysis paralysis, unable to move the ball forward....
by David Matheson | Apr 8, 2020 | Innovation Management, ValuePoint™
A Long and Significant Disruption We all know COVID-19 is disrupting everything, including innovation-driven growth. What should we as members of the innovation community be prepared for? What can we do to keep innovation alive or maybe even help it thrive in these...
