SMARTGROUP™ AT-A-GLANCE
R&D Innovation: Latest Trends and Future Predictions
ABSTRACT
This SmartGroup™ of experts is dedicated to exploring and understanding the latest trends, challenges, opportunities, innovations, and strategies for senior leaders of innovation and R&D. SmartGroup™ members nominate and vote on future topics to be covered as the platform curates monthly reports that develop the reputation of its contributors and enable other professionals to stay relevant on the topic.
PARTICIPANTS
OBJECTIVES
1. Achieving business outcomes with supporting Innovation and R&D: Determine challenges, frictions, collaborations, learning and growth for C-level executives
2. Understand executive fears and priorities for business and innovation outcome: C-level executives tend to be decisive, optimistic, adaptable with an ability to embrace risk, try new ideas and learn quickly from mistakes. Determine how they utilize/balance these traits with fears and priorities fo their business and innovation outcome
3. Transition challenges from product research to product commercialization: Product research and product development for commercialization are distinct process with different requirements. How do departments effectively transition from product research to product commercialization. What are the challenges that they face during thi
4. Creating a culture of innovation: For companies to thrive in a fast paced innovation environment, they have to create an internal culture of innovation. How do managers effectively create a customer-focused culture of innovation to drive growth and revenue
End Date:
CONTRIBUTIONS
ACTIVITY
300 Days
3 Themes
15 Contributors
487 Posts
61 Comments
94 Followers
OUTPUTS
None yet
CALLS ATTENDED
• 2019-06-10 - Prep Call
• 2019-06-20 - Prelaunch Call
THEME #2
Making People Relevant
THEME SUMMARY
If you want to stay relevant five years from now, you need to innovate. But innovation is hard, because it challenges the norm. In order to innovate, you need to create an environment where it is safe to make mistakes and where employees feel valued and recognized.
- Create an environment where employees can make mistakes. Not only will they feel encouraged to try new ideas, but those "mistakes" often spawn new ideas on their own. A mistake is never without value.
- Recognize team members for their efforts and ideas. This will encourage them as well as others to come up with more ideas. The more ideas, the more likely you'll end up with a winner.
- Companies of the future will need to be both efficient and innovative. They cannot be either or. That's why innovators and organizational leaders need to cooperate to spur the company forward.