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Best innovators develop a point of view on the future and a roadmap on how to get there

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Purpose

– The authors have collected key insights from the Best Innovator competition, launched in 2003. Six early-stage practices are critical.

Design/methodology/approach

– The Best Innovator competition, annual benchmarking against the best in innovation management, focuses on the how-to of innovation and examines what leading companies are doing to achieve better yield with their innovation strategies.

Findings

– By studying the competition winners, the researchers found a strong correlation between specific innovation management practices and sustainable, profitable growth.

Practical implications

– Best Innovators establish explicit expectations for making the business case for innovation. They name a specific set of deliverables to which they are committed.

Originality/value

– The article offers specific guidelines for setting the stage for continuous innovation that results in profitable offerings and services.
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Keywords: Best innovation practices; Best innovator competition; Continuous innovation; Defined customer need; Innovation portfolio management

Document Type: Research Article

Affiliations: 1: A.T. Kearney, Detroit, MI, USA 2: A.T. Kearney, Shanghai, China 3: A.T. Kearney, Düsseldorf, Germany

Publication date: March 16, 2015

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