Are Your Innovations Taking Off?
Article

Are Your Innovations Taking Off?

PA Consulting
PA Consulting, 2016
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Editorial Rating

7

getAbstract Rating

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Recommendation

Many people talk and write about innovation – but too often the concept is relegated to words instead of actions. In this report on innovation in the manufacturing sector, the PA Consulting Group offers “six levers” that provide applicable advice on how to make innovation part of your company culture. getAbstract recommends this report to business leaders interested in creating an innovation-friendly environment.

Summary

Manufacturers are spending considerably more time and money on creating innovation than they have in the past. However, for the majority of companies, investment in innovation hasn’t paid off. Many projects fizzle out or fail to produce financial benefits.

To turn creativity into profit, companies must modify their organizational structures and change how they think about innovation. Use “six levers” to boost innovation:

  1. “Build internal fluidity” – Facilitate clear communication, collaboration and speed. Be willing to abandon tiered organizational...

About the Author

PA Consulting Group is an employee-owned organization specializing in management and technology consulting.

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