Building innovation competency is no longer a differentiator; it’s a vital requirement. In today’s fast-moving world, it will spell your fate as the driver, the passenger, or worse, the hitchhiker on the growth highway.
And yet, when it comes to innovation competency, we see far too much emphasis in the marketplace on a singular aspect of innovation — idea generation.
At SWITCHED ON, we view innovation competency as a discipline that spans a much larger Innovation Spectrum. Every stage of the spectrum requires its own set of skills, tools and capabilities.
Our powerful suite of offerings across this spectrum will help you enhance your innovation competency whether you’re a novice or practitioner. From ongoing programs that build your innovation competency, to intensive Flash Bootcamps, or invigorating summits, we help you learn how to innovate in an agile, repeatable and sustainable way
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IMPACT OF INNOVATION capability
HEIGHTENS PRODUCT SUCCESS RATIO
Companies who reported high innovation effectiveness have a 76% product success ratio versus 54% for companies with medium or low effectiveness.
- 2010 Corporate Executive Board
OPTIMIZES RETURN OF R&D
Comparing Top 10 Innovators vs. Top 10 R&D Spenders shows that innovators with an innovation strategy and culture have 22% higher EBITDA.
- The Global Innovation 1000: by sBooz & Co
CORRELATES TO INNOVATION
78% of the top 20% most innovative companies intentionally drive innovation through a structured approach to innovation – be it through formal accountability for innovation within individual business units, embedded innovation capability across the organization, and separate facilities in certain markets dedicated to making innovation happen.
- 2013, PwC Global Innovation Survey