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Creating an innovation pyramid or portfolio

from Idea Architects

In a short essay, professor and innovation thought leader Rosabeth Moss Kanter outlines how every organization needs a portfolio of innovation efforts. She describes a pyramid consisting of a solid base of continuous improvements and incremental innovations, a mid-range that is an incubator for relatively low-risk new opportunities or projects, and a peak outlining future strategic directions that merit investment and risk. Just as individuals have to calibrate their portfolio based on their goals, their appetite for risk, and their age and ability to recover from market declines, so must organizations build an innovation portfolio to appropriately distribute efforts and risk across the three levels of Kanter's pyramid. more

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